In which industries are the most businesses closing?
6,482 companies started the process of closing down between March 2022 and November 2023. This year, on average, 479 businesses are shutting down per month. This is almost three times less than in the same period in 2021: 1290 companies closed per month then.
Only 17% of them entered bankruptcy proceedings, while the rest decided to cease operations on their own. For comparison, in 2021, the share of companies that went bankrupt was 5.1%.
The highest number of businesses closing is in Kyiv: 893 cases. Lviv region is the second worst, with 526 companies closing, and Dnipropetrovs’k region is the third worst, with 479 businesses closing.
Non-governmental organizations are the most frequently closed – 1068 companies. Wholesale trade enterprises are in second place with 826 companies, and agricultural companies are at the bottom of the list with 492 cases.
The most high-profile bankruptcy of the year was the closure of the Ukrainian airline UIA, which is associated with Ihor Kolomoisky. However, this is not the largest business that has ceased operations since the start of the full-scale crisis. The top 3 companies in the process of closure in terms of turnover are Ilyich Iron and Steel Works of Mariupol, Azovstal, and one of the WOG companies.
https://opendatabot.ua/analytics/bankrupts-and-closed-companies-2023
AZOVSTAL, businesses closing, process of closing, Ukrainian airline UIA, WOG
Metallurgical plant Azovstal (Mariupol, Donetsk region), part of Metinvest Group, in January-April of this year increased the production of general rolled goods, according to recent data, by 6.8% compared to the same period last year, to 1.37 million tonnes.
A representative of the enterprise informed Interfax-Ukraine that during this period steel production increased by 7.1%, to 1.45 million tonnes, output of pig iron – by 6.2%, to 1.28 million tonnes.
In April, Azovstal produced about 370,000 tonnes of general rolled products, 400,000 tonnes of steel, and 340,000 tonnes of pig iron.
In 2020, Azovstal increased output of general rolled products by 2.7% compared to the previous year, to 3.9 million tonnes, steel by 4.5% – to 4.2 million tonnes, pig iron by 9.4% – to 3.8 million tonnes.
The company is part of Metinvest Group, the main shareholders of which are SCM Group (71.24%) and Smart-Holding (23.76%), jointly managing the company.
Metinvest Holding LLC is the management company of Metinvest Group.
According to recent data, metallurgical plant Azovstal (Mariupol, Donetsk region), a member of Metinvest Group, in January-August 2020 increased production of general rolled metals by 3.6% compared to the same period last year, to 2.66 million tonnes.
The representative of the enterprise told Interfax-Ukraine that during this period steel production increased by 3.2%, to 2.82 million tonnes, cast iron production increased by 8.3%, to 2.52 million tonnes.
In August, Azovstal produced 380,000 tonnes of general rolled metals, 410,000 tonnes of steel and 366,000 tonnes of cast iron.
Azovstal in 2019 reduced production of general rolled metals by 3.2% compared to 2018, to 3.753 million tonnes, production of steel by 1.6%, to 4.016 million tonnes, production of cast iron by 6.3%, to 3.475 million tonnes.
The enterprise belongs to Metinvest Group, the main shareholders of which are SCM Group (71.24%) and Smart-Holding (23.76%), jointly managing the company.
Metinvest Holding LLC is the management company of Metinvest Group.
Azovstal Iron and Steel Works (Mariupol, Donetsk region), which is part of Metinvest Group, in January-March 2020 increased the production of rolled goods, according to recent data, by 16.7% compared to the same period in 2019, to 1.032 million tonnes.
As a representative of the enterprise told Interfax-Ukraine, over this period, steel production increased by 15.1%, to 1.119 million tonnes, cast iron by 20.2%, to 999,000 tonnes.
In March, Azovstal produced 333,000 tonnes of rolled steel, some 343,000 tonnes of steel and some 310,000 tonnes of cast iron.
As reported, in 2019, Azovstal reduced total rolled goods production by 3.2% compared to 2018, to 3.753 million tonnes, steel production by 1.6%, to 4.016 million tonnes, cast iron output by 6.3%, to 3.475 million tonnes.
The enterprise is part of Metinvest Group, the main shareholders of which are SCM Group (71.24%) and Smart-Holding (23.76%), jointly managing the company.
Metinvest Holding LLC is the managing company of Metinvest Group.
Azovstal Iron and Steel Works (Mariupol, Donetsk region), which is part of Metinvest Group, in 2019 reduced production of rolled goods, according to recent data, by 3.2% compared to the previous year, to 3.753 million tonnes.
The enterprise told Interfax-Ukraine that steel production decreased by 1.6%, to 4.018 million tonnes, pig iron output by 6.3%, to 3.475 million tonnes.
In December, Azovstal produced 278,000 tonnes of rolled steel, 303,000 tonnes of steel, 316,000 tonnes of cast iron, while in the previous month 244,000 tonnes of rolled metal, 295,000 tonnes of steel, and 252,000 tonnes of cast iron.
As reported, in 2018 Azovstal kept production of rolled goods at the level of the previous year at 3.879 million tonnes, but reduced steel production by 4%, to 4.082 million tonnes, pig iron by 2%, to 3.707 million tonnes.
The enterprise is part of Metinvest Group, the main shareholders of which are SCM Group (71.24%) and Smart-Holding (23.76%), jointly managing the company.
Metinvest Holding LLC is the managing company of Metinvest Group.
Azovstal Iron and Steel Works (Mariupol, Donetsk region) in January-September 2019 reduced production of rolled goods by 5% to 2.883 million tonnes compared to the same period in 2018, according to recent data.
A representative of the company told the Interfax-Ukraine agency steel production decreased by 2.8%, to 3.079 million tonnes, output of pig iron by 10.3%, to 2.623 million tonnes.
In September, Azovstal produced 318,000 tonnes of rolled goods, 345,000 tonnes of steel, and 301,000 tonnes of pig iron.
Azovstal in 2018 kept its rolled stock production at the previous year’s level – 3.879 million tonnes, but reduced steel output by 4%, to 4.082 million tonnes, pig iron by 2%, to 3.707 million tonnes.
The company is part of Metinvest Group, the main shareholders of which are SCM Group (71.24%) and Smart-Holding (23.76%), jointly managing the company.
Metinvest Holding LLC is the managing company of Metinvest Group.
