In January-October this year, Ukraine reduced exports of titanium ores and concentrate in physical terms by 96.3% year-on-year to 10.170 thousand tons.
According to statistics released by the State Customs Service (SCS) on Wednesday, exports of titanium ores and concentrate decreased by 84.7% to $16.983 million in monetary terms.
The main exports were to Turkey (36.92% of supplies in monetary terms), Japan (18.90%) and the Netherlands (6.04%).
During the period, Ukraine imported 1 ton of such ore from the Netherlands for $2 thousand.
As reported, in 2022, Ukraine reduced exports of titanium ore and concentrate in physical terms by 41.8% compared to the previous year to 322.143 thousand tons, and in monetary terms by 19.6% to $130.144 million. At the same time, the main exports were made to the Czech Republic (47.91% of supplies in monetary terms), the United States (11.94%) and Romania (9.75%).
In 2022, Ukraine imported 196 tons of similar products from Senegal (70.41%) and Turkey (29.59%) for $115 thousand.
In Ukraine, titanium ores are currently mined mainly by the United Mining and Chemical Company (UMCC), which manages Vilnohirsk Mining and Metallurgical Plant (VGMK, Dnipro region) and Irshansk Mining and Metallurgical Plant (Irshansk, Dnipro region). ) and Irshansk Mining and Processing Plant (IGOK, Zhytomyr region), as well as Mezhirichinsky GOK and Valky Ilmenite (both based in Irshansk, Zhytomyr region).
In addition, Velta (Dnipro) has built a mining and processing plant at Birzulivske deposit with a capacity of 240 thousand tons of ilmenite concentrate per year.
In January-October this year, Ukraine reduced imports of coke and semi-coke in physical terms by 20% compared to the same period last year, to 268,550 thousand tons.
According to statistics released by the State Customs Service (SCS) on Wednesday, coke imports in monetary terms decreased by 36.7% to $105.546 million during this period.
Ukraine exported 3.324 thousand tons of coke in 10 months of 2023, down 10.1% year-on-year. In monetary terms, it decreased by 21.6% to $774 thousand.
Exports were carried out to Moldova (100% of supplies in monetary terms), while imports were mainly from Poland (87.60%), Colombia (9.48%) and the Czech Republic (2.12%).
As reported, in 2022, Ukraine reduced exports of coke and semi-coke in physical terms by 98% compared to the previous year – to 3,856 thousand tons, and in monetary terms by 97.6% – to $1,011 million. The main exports were made to Hungary (42.63% of supplies in monetary terms), Georgia (37.69%) and Turkey (17.41%).
In 2022, Ukraine imported 359.192 thousand tons of coke and semi-coke, which is 54.5% less than in 2021. In monetary terms, imports decreased by 50.3% to $174.499 million. Imports were carried out mainly from the Russian Federation (43.43% of supplies in monetary terms, before the war), Poland (30.07%) and the Czech Republic (13.15%).
As a result of the war, a number of mines and coke plants are located in the territories temporarily not controlled by Ukraine.
A charity auction will be held as part of the first all-Ukrainian festival “Winemaker’s Day”. Among the lots you will find exquisite varieties that impress with their quality and unique taste. The highlight of the auction will be the best collection wines of Crimea.
All proceeds from the auction will be donated to the mobile hospital and other charitable projects. Thus, you will have the opportunity not only to enjoy high quality wines, but also to contribute to a noble cause.
The event will be hosted by actor and TV presenter Yevgeny Koshevoy, who guarantees a unique holiday atmosphere.
The festival will take place on November 11-12 at the address: Kyiv, Dniprovska embankment, 12, RIVER MALL, food court area on the 3rd floor. The beginning is at 14:00. The ticket you purchased is valid for two days – both on Saturday and Sunday!
We support the Ukrainian manufacturer!
Event organizers: Public Union “UKRSADVINPROM”, Club of Experts, All-Ukrainian Association of Winemakers and Sommeliers.
The event is supported by the Ministry of Agrarian Policy and Food of Ukraine and the Charitable Foundation “HELP FOR UKRAINE”.
Cheese partner – TM Zinka, bread partner – TM Tsar Khlib.
You can buy tickets on the website
At the Winemaker’s Day festival, you have a great opportunity to taste and buy unique Ukrainian wines and discover exquisite flavors of wine from different parts of Ukraine.
The following Ukrainian wineries will take part in the festival:
– Zelenytsy winery “Zelenytsy Family Winery”;
– Gigineishvili Wine House;
– Slyvyno Winery, a private enterprise;
– Dnipro hills (Stoic Ukrainian winery);
– WINEIDEA;
– Tiras Vaineri LLC;
– 46 Parallel;
– Uman Winery of Igor Maksymenko;
– Father’s wine VB;
– Villa Tinta;
– Institute of Horticulture of the National Academy of Agrarian Sciences of Ukraine;
– Kulinichenko winery;
– Wines of the Silver Land;
– National Research Center “Tairov Institute of Viticulture and Winemaking” of the National Academy of Agrarian Sciences of Ukraine.
The festival will be held on November 11-12 at the address: Kyiv, Dniprovska embankment, 12, RIVER MALL, food court area on the 3rd floor. The beginning is at 14:00. Your purchased ticket is valid for two days – both on Saturday and Sunday!
Open4business is a media partner
CLUB OF EXPERTS, FESTIVAL, Koshevoy, mobile hospital, RIVER MALL, TASTING, URAKIN, winemaker's day
Kormotech, a leading Ukrainian manufacturer of cat and dog food, will expand its production in Kėdainiai, Lithuania, investing more than EUR60 million in four production stages to be commissioned in 2025-2028, the company’s press service told Interfax-Ukraine.
“Lithuania is now our window to the world. Our plant in Kėdainiai has become a reliable support for us – it always operates at 100% capacity, while in Ukraine we have to take into account the risks of shutdowns due to the war. We aim to further expand our capacity in Lithuania by building four additional production lines by 2028,” said Rostyslav Vovk, CEO and co-owner of Kormotech.
Kormotech launched its first foreign plant in Kėdainiai, Lithuania, in 2020. Currently, more than 170 specialists from Ukraine and Lithuania work at the wet feed production facility with a capacity of more than 20 thousand tons per year.
“Our successful experience of building and operating in Lithuania, favorable conditions in the free economic zone, support from Invest Lithuania and our well-established network of partners and suppliers led us to the decision to expand the enterprise,” emphasized Vovk.
Kormotech plans to launch the first new production line by 2025, adding a line each year until the four production lines are fully operational in 2028. As the expansion project progresses, the company will be interested in finding qualified engineers, technologists, and other highly specialized professionals in both Ukraine and Lithuania. With the new expansion project, Kormotech will double its current workforce in Lithuania, adding 200 new jobs in five years.
According to Elius Civilis, Director General of Invest Lithuania, the Lithuanian state agency, Kormotech’s expansion shows that Lithuania is open to foreign investors and creates truly favorable conditions for them.
“In Kėdainiai, Kormotech has built a modern, highly automated plant employing local specialists of various competencies. The company’s decision to expand its facilities and double the team size demonstrates the quality of both the local business infrastructure and talent,” emphasized Chivilis.
In Ukraine, Kormotech is constantly expanding its production capacity. During 2022-2023, the company invested about $14 million to modernize dry feed production and expand wet feed production by almost 70%.
“We plan to build new production facilities in Ukraine immediately after the war ends,” said Vovk.
Kormotech is a global family-owned company with Ukrainian roots that has been producing high-quality cat and dog food under the Optimeal, CLUB 4 PAWS, Woof, Meow! The company has production facilities in Ukraine and the EU. The product range includes more than 650 items.
The company is among the TOP-60 global pet food manufacturers and TOP-20 most dynamic pet food brands. Kormotech sells products of its own brands and those of its partners in 40 countries.
Currently, the company employs about 1300 people in five countries – Ukraine, Lithuania, Poland, Romania, and the United States.
Invest Lithuania is a non-profit agency under the Ministry of Economy of the Republic of Lithuania. Its mission is to attract foreign investment. It serves as a point of contact for foreign companies and accompanies international business at every stage of the process of starting a business in Lithuania, providing information on recruitment, tax benefits and financing options.
Astarta Agro-Industrial Holding, the country’s largest sugar producer, increased its revenue from sugar sales by 32% year-on-year to EUR142 million in 9M2023, according to the company’s report on the Warsaw Stock Exchange on Thursday.
According to the report, Astarta’s sugar sales amounted to 203 thousand tons. At the same time, its selling price increased by 8% year-on-year to EUR684 per ton, which allowed the gross profit of the sugar business of the agricultural holding to increase by 36% year-on-year to EUR41 against a slight increase in margin to 29%.
EBITDA of Astarta’s sugar business increased by 35% year-on-year to EUR35 million, while its margin remained stable at 24%.
The agricultural holding noted that in 9 months of 2023, exports of sugar and sugar-containing products accounted for 17% of Astarta’s total revenue, while a year earlier it accounted for only 7% of revenue.
According to the report, the sugar refining season in the 2023/24 marketing year (MY) at Astarta started on September 12. It involves five sugar factories of the agricultural holding.
As of November 8, Astarta’s sugar factories processed 1.1 million tons of sugar beet and produced 171 thousand tons of sugar, compared to 146 thousand tons on the same date in 2022.
“Astarta reported that Ukraine has already harvested 10 million tons of sugar beet with an average yield of 48 tons per hectare. Sugar production in 2023-2024 MY started at 30 factories. As of November 8, the country produced a total of 0.8 million tons of sugar.
Ukraine resumed sugar exports on September 15, and there are currently no export restrictions. For 9 months of 2023, Ukrainian sugar exports amounted to 295 thousand tons, which is 7 times more than a year earlier. The main buyer of Ukrainian sugar was the European Union, while Romania became the main importer, accounting for 31% of the total volume.
Astarta estimates that its share in the country’s exports was 11%. Its key European customers were in Romania, Spain and Hungary. 99% of the sugar exported was transported by land, and 85% of it was by road.
“Astarta is a vertically integrated agro-industrial holding company operating in eight regions of Ukraine. It comprises six sugar factories, agricultural enterprises with a land bank of 220,000 hectares and dairy farms with 22,000 cattle, an oil extraction plant in Globyno (Poltava region), seven elevators and a biogas complex.
In the third quarter of 2023, the agricultural holding earned EUR1.24 million in net profit, down 27.7 times compared to the same period in 2022. Astarta’s revenue decreased by 14.4% to EUR104.75 million, gross profit by 2.7 times to EUR26.96 million, operating profit by 7.6 times to EUR6.79 million, and EBITDA by 42.7% to EUR97.25 million.
Due to significantly better performance in the first half of this year compared to the first half of last year, in the first 9 months of 2023, net profit decreased by 9.8% to EUR 55.97 million, while revenue increased by 14.8% to EUR 392.00 million. The company’s gross profit increased by 3.0% to EUR 151.91 million, while operating profit decreased by 15.9% to EUR 79.91 million and EBITDA by 10.8% to EUR 116.63 million.
IMC Agricultural Holding posted a net loss of $2.25 million in the first nine months of this year, compared to a net profit of $4.67 million in the same period last year, according to the company’s report on the Warsaw Stock Exchange on Thursday.
According to the report, the holding’s revenue grew by 59.8% to $98.78 million, with exports increasing by 24.4% to $70.23 million.
At the same time, the revaluation of biological assets and agricultural products in January-September this year brought in 44.5% less than in January-September last year – $23.51 million.
In addition, a significant increase in the cost of production – by 55.6% to $92.4 million – led to a decrease in gross profit by 33.3% to $29.89 million.
Although IMC managed to more than halve administrative expenses (to $7.12 million), a more than twofold increase in logistics and distribution costs (to $16.50 million), given the decline in gross profit, led to a drop in operating profit by almost 15.3 times to $1.41 million compared to the same period last year.
At the same time, the situation was partially offset by positive exchange rate differences of $0.79 million in January-September this year, compared to exchange rate losses of $11.07 million in the same period last year.
Normalized EBITDA for the first 9 months amounted to $13.85 million, which is 2.7 times less than in the first 9 months of last year. The report notes that the reason for the decline was the decline in harvest prices this year.
It is specified that the main revenue of IMC in the reporting period was generated by the sale of 472.98 thousand tons of corn – $82.42 million and 56.12 thousand tons of wheat – $10.78 million, but their price fell compared to the previous year, respectively, from $208 per ton to $174 per ton and from $268 per ton to $192 per ton.
Net cash flow from operating activities for 9M2023 amounted to $10.06 million, while for 9M2022 it was negative – $9.37 million.
The volume of investments increased by 79% to $5.80 million, and taking into account less than $2 million of outflows on financial transactions, net cash flow was positive – $2.30 million against a negative result of $11.63 million for 9M2023.
IM’s current liabilities at the end of September amounted to $55.81 million ($55.51 million a year earlier), non-current liabilities – $13294 million ($126.70 million).
The company’s free cash flows at the beginning of October amounted to $27.16 million compared to $24.86 million at the beginning of this year and $13.28 million a year ago.
IMC is an integrated group of companies operating in Sumy, Poltava and Chernihiv regions (north and center of Ukraine). It controls 120.3 thousand hectares (120.0 thousand hectares under cultivation). As of September 30, 2023, the group operated in two segments: crop production and elevators and warehouses.
The agroholding’s net loss in 2022 amounted to $1.1 million against a net profit of $78.7 million a year earlier, with a 37.3% decrease in revenue to $114 million. EBITDA decreased threefold to $36.2 million.
In the first half of 2023, IMC earned $6.28 million in net profit, down 44.6% year-on-year, while its revenue increased by 61.6% to $71.95 million, with exports up 41.2% to $58.9 million. Normalized EBITDA for the first half of the year amounted to $17.06 million, down 41% year-on-year, due to higher sales costs and lower harvest prices.
