Business news from Ukraine

Business news from Ukraine

Corum Druzhkovka Machine-Building Plant has produced 242 units of underground transportation for DTEK Energy mines

“Corum Druzhkovka Machine-Building Plant (Corum DrMZ), a part of Corum Group (DTEK Energy), whose production site is located in Dnipro after the relocation, has produced 242 units of underground transport this year, fulfilling all orders for the supply of underground transport, having manufactured 242 units.

“After the plant was relocated, we had to re-establish production. Production of underground transport was no exception. However, Corum DrMZ machine builders have managed to cope and have even already fulfilled all orders for the production of trolleys,” the company’s Facebook page says.

In particular, 228 freight trolleys were produced, including 173 units of the most popular VG3.3-900, which can move up to 6 tons of coal; as well as 22 VDK2.5K trolleys designed for 4.5 tons of coal and capable of unloading anywhere without a special unloading mechanism (used in mine construction and during the reconstruction of coal enterprises).

In addition, in the first ten months of 2023, the plant shipped 33 transport trolleys to mines, which are used in mine construction.

“The mines are also updating their passenger car fleet. This year, machine builders have produced 13 trolleys for transporting miners through horizontal mine workings and one for transporting passengers through inclined mine workings with inclination angles of 6 to 30°,” the statement said.

All underground mine transport was made to order for DTEK Energy’s mines.

As reported, the plant produced the first freight cars after the relocation in May this year, having made changes to the design and manufacturing technology of parts and the car in general while maintaining quality.

Corum Group is a leading manufacturer of mining equipment in Ukraine and is part of DTEK Energy, the operating company responsible for coal mining and coal-fired power generation within Rinat Akhmetov’s DTEK holding.

“Corum DrMZ increased its loss by 2.6 times in 2022 compared to 2021, to UAH 458.3 million, while revenue fell by 2.3 times to UAH 559 million.

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Lekhim reduced its net profit by 36.5%

In 2022, Lekhim JSC (Kyiv) reduced its net profit by 36.5% compared to 2021, to UAH 247.308 million.

According to the company’s announcement in the NSSMC’s information disclosure system, the performance indicators will be considered by its shareholders at an extraordinary meeting on December 4.

In addition, the shareholders plan to amend the corporate governance system and re-elect Valeriy Pechaev as Chairman of the Board of Directors, Tatyana Pechaeva as Deputy Chairman of the Board, Olga Pechaeva as Chief Executive Officer, and Valentina Mazuryk, Lesya Redkina, Lyubov Lazko, and Svetlana Pechaeva as members of the Board of Directors.

Lekhim JSC owns 100% of Lekhim-Obukhov LLC, 98.2% of Lekhim Kharkiv PrJSC, 81% of Technolog (Cherkasy region), 100% of Lekhim-Vilnius CJSC and 100% of Lekhim’s foreign representative office in Uzbekistan.

Lekhim produces more than 200 medicinal products of almost all therapeutic groups, and annually registers more than 10 new drugs. its products are exported to more than 35 countries. One of Lekhim’s anti-tuberculosis drugs is prequalified by the WHO.

As reported, in 2023, Lekhim Group of Pharmaceutical Companies signed a sublicense agreement with the Medicines Patent Pool (MPP) for the production of a generic version of the innovative Japanese antiviral drug Ensitrelvir manufactured by Shionogi, which can be used to treat COVID-19. Seven pharmaceutical companies signed sublicense agreements, and Lekhim is the only Ukrainian pharmaceutical manufacturer among them. In addition, the agreement was signed by three generic pharmaceutical manufacturers from China, two companies from India and a company from Vietnam.

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Pharmacy sales in Ukraine increased by almost 22%

Pharmacy sales in Ukraine in January-September 2023 increased by 21.56% compared to the same period in 2022 to UAH 126 billion, while in physical terms they decreased by 6.5% to 907.885 million packs.

Business Credit told Interfax-Ukraine that the weighted average price of pharmacy basket goods in the first nine months of 2023 amounted to UAH 138.78, which is 30% more than a year earlier.

Pharmacy sales of medicines increased by 19.39% in the first nine months of the year to almost UAH 98.556 billion. At the same time, in physical terms, the retail pharmaceutical market decreased by 4.66% to 637.465 million packs. The weighted average retail price of medicines in the first nine months of 2023 amounted to UAH 154.51, which is 25.22% more than a year earlier.

According to the company, sales growth in January-September in physical terms was recorded in the household chemicals segment (20.56%), dietary supplements (20%), mineral water (18.7%), medical cosmetics (17.59%) and special food products (7.63%).

In other segments, sales in volume terms decreased compared to the same period in 2022.

As reported, in January-June 2023, pharmacy sales increased by 19% in monetary terms compared to the same period in 2022 – up to UAH 84.126 billion, but in physical terms decreased by 10.4% to 612.11 million packs. The weighted average price of pharmacy basket products in the first half of 2023 amounted to UAH 137.44, which is 33% higher than in the same period of 2022.

Pharmacy sales of medicinal products in the first half of the year amounted to UAH 65.96 billion in monetary terms (up 16.9%), while in physical terms they decreased by 8.12% to 430.899 million packs.

Volodymyr Zelenskyy: Ukraine does not expect any concessions on its way to EU

Ukraine is not asking for any concessions on its way to the European Union and is implementing all the recommendations of the European Commission given to our country, President of Ukraine Volodymyr Zelenskyy said on Saturday in Kyiv at a joint press conference with President of the European Commission Ursula von der Leyen.

“We have implemented the recommendations necessary to start membership negotiations. This applies to the rule of law, the protection of human rights and freedoms of national communities, greater transparency in the work of state institutions and strengthening of anti-corruption infrastructure,” he said.

Among the draft laws, Zelensky singled out the bill on lobbying, which “will add transparency to political processes and reliably protect the state from the destructive influence of oligarchs and others trying to circumvent the rule of law.”

According to him, “it is very important that the support of Europe and our other partners remains steady and reliable. This applies to defense and financial support. Russia needs to see that the world does not retreat in defense of freedom and international law.”

Zelenskyy said he expects sanctions actions to be strengthened, including “preventing the circumvention of existing sanctions, in particular by using European companies and the territories of Russia’s neighboring states.”

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Former goalkeeper Shovkovskyi appointed acting head coach of FC Dynamo Kyiv

Oleksandr Shovkovskyi has been appointed acting head coach of FC Dynamo Kyiv, and will prepare the team for the next matches in the Ukrainian championship.

According to Dynamo’s press service, Emil Karas, Oleh Husyev, and Mykhailo Mykhailov will also work on Shovkovsky’s coaching staff.

Shovkovskyi made his debut with Dynamo Kyiv in March 1994 and became the champion of Ukraine and the team’s main goalkeeper. In October 2016, he received his coaching license, but on December 12, 2016, he announced his retirement. On September 4, 2018, he became an assistant to the head coach of the Ukrainian national team, Andriy Shevchenko. 1

On January 10, 2023, Shovkovskyi returned to Dynamo as an assistant head coach. In April 2023, he was appointed acting head coach of the team, for the period of recovery after Mircea Lucescu’s surgery.

As reported, on November 3, Mircea Lucescu resigned as head coach of Dynamo Kyiv and announced his retirement at a press conference after the match against Shakhtar Donetsk.

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Exports of agricultural products increased by 15% in October

In October 2023, Ukraine managed to export 4.8 million tons of agricultural products, up 15% from the same period of the previous month, the Ukrainian Agribusiness Club reported on Facebook.

According to the report, the increase in exports in October 2023 was achieved despite problems with routes through the Danube river ports – traditional seasonal shallow water, which prevents the entry of larger vessels, and a decrease in the load on barges.

“Part of the increase in exports was due to the addition of another export channel – the seaports of Odesa region, which are currently operating as part of a temporary sea corridor. However, the volume of exports through this channel is very far from pre-war levels,” the analysts stated.

According to their information, in October 2023, Ukraine exported 2.5 mln tonnes of grains, 52% of which were wheat and 45% were corn, which showed a 20% increase compared to the previous month. Oilseeds were exported to 914.0 thsd tonnes (rapeseed – 48%, soybeans – 48% and sunflower seeds – 3%), up 4%.

In addition, exports of vegetable oils increased by 6% to 508.7 thousand tons (sunflower oil – 80%, rapeseed oil – 14%, and soybean oil – 6%), and by 18% of cake – 491.5 thousand tons (sunflower oil – 86%, soybean oil – 14%).

Exports of corn and soybeans, which are currently being actively harvested, increased compared to the previous month.

“Although there has been an increase in exports, they remain insufficient to export the harvest that Ukraine has harvested this year. For the relatively normal functioning of the agricultural market, Ukraine needs to export about 6 million tons of food per month, preferably by sea, where logistics are less expensive,” the UCAB summarized.

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