Until June 20, regional power distribution companies will apply hourly blackout schedules across Ukraine from 00:00 to 24:00, NPC Ukrenergo announced on its Telegram channel on Wednesday.
“The reason is the high level of consumption due to the heat and working days,” the system operator said.
Power supply to critical infrastructure facilities is not limited.
2022-2024 goods trade balance forecast (USD bln)
Source: Open4Business.com.ua and experts.news
Lviv-based Cardboard and Paper Company LLC, a major Ukrainian manufacturer of cardboard tubes, produced products worth UAH 506.2 million in January-May 2024, down 3.5% from the same period in 2023.
According to UkrPapir Association statistics provided to Interfax-Ukraine, the company reduced its output of cardboard products by 17.4% in physical terms to 9.4 thousand tons, while it increased its production of paper base for sanitary products by 27% to 3.6 thousand tons. The production of toilet paper in rolls decreased by 13.4% to almost 2 million units.
At the same time, in May, the company reduced its paper and cardboard production by 4.6% by May 2023, but increased it by 90% by April this year, to almost 3 thousand tons.
LLC “Cardboard and Paper Company” produces products and semi-finished products from waste cardboard (cardboard sheets, corners, sleeves), cellulose and recycled waste paper (toilet paper, towels, napkins TM Papero). The company supplies its products, in particular, to the EU countries.
Among its customers are Biosphere, Arterium, Nestle, Khlibprom, Yarych, and Galych dairy companies.
As reported, in 2023, the company increased its production by 7% compared to 2022, to UAH 1.27 billion.
The State Property Fund of Ukraine (SPFU) has put up for sale the unified property complex of the state-owned enterprise Nepolokovets Bakery (Chernivtsi region) with a starting price of UAH 217.4 million, said Vitaliy Koval, the Fund’s chairman.
“This is an operating enterprise for the production of flour and cereal products with a strong production base and significant development potential,” he wrote on Telegram.
The complex is located in the village of Nepolokivtsi, 27 km from Chernivtsi. It consists of production, warehouse, administrative and auxiliary buildings with an area of about 42 thousand square meters, as well as 24 vehicles and special equipment, more than 1200 pieces of equipment and other assets.
Among the advantages of the facility, the SPF chairman named the ready-made infrastructure, which allows to immediately start operations and increase volumes, a favorable location near the EU border and guaranteed demand for products.
The auction will take place on June 24 in the electronic trading system Prozorro.Sale.
Geographical structure of Ukraine’s foreign trade (surplus) in Jan-Feb 2024, ths. USD
Source: Open4Business.com.ua and experts.news
Poltava Mining and Processing Plant (PGOK, Ferrexpo Poltava Mining, Horishni Plavni, Poltava region), the main asset of Ferrexpo Group, majority owned by businessman Konstantin Zhevago, ended 2023 with a net loss of UAH 5 billion 444.659 million, compared to UAH 9 billion 134.166 million in the previous year.
According to the company’s annual report, which is available to Interfax-Ukraine, the pre-tax loss in 2023 amounted to UAH 5 billion 254.935 million (UAH 7 billion 825.999 million).
During this period, the company reduced its net income by 33.1% to UAH 15 billion 65.640 million.
Retained earnings by the end of 2023 amounted to UAH 20 billion 717.117 million.
Ferrexpo is an iron ore company with assets in Ukraine.
According to the first quarter of 2024, Ferrexpo AG (Switzerland) owns 100% of Poltava Mining.
The authorized capital of Poltava Mining is UAH 1 billion 902.36 million.
Ferrexpo owns a 100% stake in Yeristovo Mining, 99.9% in Bilanivsky Mining and 100% in Poltava Mining.
