KYIV. Feb 22 (Interfax-Ukraine) – Public joint-stock company Novokramatorsky Mashinostroitelny Zavod (NKMZ, Donetsk region), a leading heavy engineering enterprise in Ukraine, has shipped eight reinforced gears for modernization of a bar rolling mill 320 of Belarusian Steel Works (Zhlobin, Belarus).
The enterprise’s press service reported on Tuesday that the equipment will replace gears made by Voest Alpine (Austria).
The first gear has been installed, and the rest of seven gears will be installed at the start of this summer.
NKMZ designs, manufactures and installs equipment for metallurgical work, press and forging, ore processing and mining, coal mining, lifting and conveying, milling and crushing, oil and gas production, highway engineering, nuclear power generating and tool-making. The enterprise also manufactures consumer goods.
KYIV. Feb 22 (Interfax-Ukraine) – The German government has decided to provide financial assistance under the humanitarian aid programs of Germany’s Red Cross (DRK) for internally displaced persons (IDPs) in Ukraine until the middle of 2019 with the additional amount of EUR 4.5 million. DRK, in turn, would provide own contribution in the amount of EUR 285,000.
The German Embassy in Ukraine reported on Tuesday that the target group of this humanitarian aid is IDPs severely suffered from the conflict and living in Kharkiv region, mainly aged people, people with disabilities, single mothers and fathers and families with many children (up to 5,000 people). They receive aid in the form of food and pharmaceutical vouchers.
The embassy said that DRK and Ukrainian Red Cross agree their steps with other target groups of humanitarian aid in Kharkiv region coordinated by the UN and International Committee of Red Cross (ICRC).
KYIV. Feb 21 (Interfax-Ukraine) – Piramida Trade LLC (Poltava) developing the eponymous movie theater chain in Ukraine seeks to open three new movie theaters in Kyiv city and one in Boryspil (Kyiv region) in 2017, the press service of the chain has told Interfax-Ukraine.
“Movie theaters will be opened as part of the shopping malls on 2,000-3,000 square meters. Wizoria will work in the six screen format in Kyiv and two screens in Boryspil,” the press service said.
The company receives offers to cooperate from operating malls and malls under construction. The company is selecting the malls now.
The chain also plans to expand to Dnipro and Odesa.
“Investment in movie theaters varies depending on the concept, the number of screens, equipment, quality of decoration and other things. Average payback term for one movie theater is four or six years,” the company said.
As of February 2017, the Wizoria chain had four movie theaters in Kyiv, Poltava and Myrhorod.
Piramida Trade LLC was registered in 1997.
Ultimate beneficiaries are Andriy Sokolov and Iryna Sokolova (36% and 64% respectively).
The charter capital is UAH 100,000.
They are also owners of the Concorde shopping mall (Poltava).
KYIV. Feb 21 (Interfax-Ukraine) – PJSC Elvorti manufacturer of seeding and tillage machinery equipment (Kirovohrad, formerly Chervona Zirka) in 2016 increased sales by 43.3% compared to 2015, to UAH 938.4 million, according to the company.
Some 52% of the products were sold in the Ukrainian market.
According to chairman of the company supervisory board Pavlo Shtutman, capital investments exceeded UAH 61 million, UAH 65.8 million of taxes and fees was paid to the budgets of all levels, the average wage rose by almost 43% to UAH 6,440.
“Increasing the production capacity and human resources in 2016, Elvorti expanded the range of products and introduced new ASTRA 4 and ASTRA 6 sowing machines, FORTIS 1600 wheel loaders and ELEX 81A backhoe loaders,” the expert said.
According to him, Elvorti plans in 2017 to increase production and sales by 22%.
Chervona Zirka was founded by the Elvorti brothers in 1874 as a small workshop for repair of machines imported from England. In 1922, the plant received the name of Krasnaya Zvezda (Red Star), and in 2003 it was renamed as Chervona Zirka.
KYIV. Feb 21 (Interfax-Ukraine) – ArcelorMittal Kryvyi Rih plans in 2017 to use $400 million in capital and operating investments in the development of the plant.
According to a company press release, the funds will be spent on modernization of production, improving the environment, the overhauls of equipment and construction of new facilities, in particular, the second continuous casting machine.
The press service noted the main tasks of this phase of the investment program are to improve performance, replace obsolete equipment with new environmentally sound, and significantly improve the ecological environment both in Kryvy Rih and in the whole region.
According to CEO of ArcelorMittal Kryvyi Rih Paramjit Kahlon, the amount of funds invested in the development of the enterprise is another confirmation of not only the commitments undertaken when buying the mill but also the readiness to fully upgrade ArcelorMittal Kryvyi Rih by 2020.
