Business news from Ukraine

Business news from Ukraine

Druzhkovka Machine-Building Plant to Supply Second Mine Fan for Blagodatnaya Mine

“Corum Druzhkovka Machine-Building Plant (Corum DrMZ), a part of Corum Group (DTEK Energy), will complete the production of a second mine fan for Blagodatnaya mine at Geroyev Kosmosa Mine this fall, the company said.
“At the end of 2023, the plant manufactured and delivered the first VOD-30M2 to the customer, and is now working on the second similar fan, which will be ready this fall. The new equipment is to replace the old fan that has reached the end of its service life,” the plant’s Facebook page says.
The complexity of the order is that the new equipment needs to be installed on an existing foundation.
The report reminds that VOD-30M2 is a two-stage axial fan with a 3 m impeller diameter and a capacity of 1250 kW (equivalent to the power of 8-16 passenger cars). The capacity is 160 cubic meters per second.
“Corum DrMZ, which will be relocated to Dnipro in 2022, manufactured 46 units of mining equipment in July this year to order from DTEK Energy mines.
According to Opendatabot, in 2023, the plant earned UAH 500 million in net profit, compared to a loss of UAH 453 million a year earlier, with net income increasing 2.7 times to UAH 1 billion 530 million.
Corum Group is a leading manufacturer of mining equipment in Ukraine. It is a part of DTEK Energy, the operating company responsible for coal mining and coal-fired power generation within Rinat Akhmetov’s DTEK energy holding.

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HEAD INTERNATIONAL PLANS TO INVEST EUR80 MLN IN BUILDING PLANT IN UKRAINE

Austria’s HEAD International Holding GmbH, the subsidiary of Head UK Ltd, plans to invest EUR80 million in the construction of its “new largest plant” in the territory of Vinnytsia industrial park, First Deputy Prime Minister, Minister of Economic Development and Trade of Ukraine Stepan Kubiv said after a meeting with the company representatives.
“The project in Ukraine will be implemented in three stages: in 2019-2020 there will be the construction of 1-1.5 hectares of new production facilities. It is planned to attract about 200-300 people,” he wrote on Facebook.
According to the official, in 2020-2021 it is planned to build an additional 1-1.5 hectares of new production facilities and create jobs for 600 people, and during the last third stage in 2022-2023 to build another 1.5-2 hectares of new production facilities and expand the working staff to 1,000 people.
Kubiv added that after the completion of the last stage of the project, HEAD plans to annually spend about UAH 150 million on wages for workers.
“After the successful implementation of the project, the company will also consider the possibility of transferring some of its teams in the field of digital technologies or IT to Vinnytsia and moving additional production facilities to Ukraine,” he said.
Head UK Ltd. is one of the world’s leading manufacturers and sellers of sports equipment and clothing. The company’s business includes five divisions: winter sports, racket games, diving, sportswear and licensing. The trademarks of the company are HEAD, Penn, Tyrolia, Mares, SSI, and rEvo.

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