PJSC Dneprospetsstal Electrometallurgical Plant (Zaporizhzhia) reported a net loss in 2024 and is to consider a decision to liquidate.
According to the company’s announcement in the information disclosure system of the National Securities and Stock Market Commission (NSSMC) about holding a remote general meeting of shareholders on April 29, according to the draft decisions, a copy of which is available toInterfax-Ukraine, it is planned not to distribute money, not to accrue dividends and not to make contributions to the reserve fund due to the lack of net profit. The losses will be covered by the profit of future periods.
“To make a decision to liquidate the company in accordance with and in fulfillment of the requirements of Part 2 of Article 16 of the Law on Joint Stock Companies,” the draft decisions state.
It is also planned to confirm a number of transactions.
At the same time, according to the company’s clarification sent to Interfax-Ukraine, it is stated that on March 24, 2025, the company posted a notice in accordance with the procedure provided for by the current legislation on holding an annual general meeting. In connection with the decrease in the company’s net assets, the agenda includes, among other things, issues in accordance with the requirements of Article 16 of the Law of Ukraine “On Joint Stock Companies”, in particular, consideration and approval of measures to be taken to improve the financial condition of the company, in accordance with and pursuant to the requirements of Part 2 of Article 16 of the Law of Ukraine “On Joint Stock Companies”. Also, on the liquidation of the company, in accordance with and pursuant to the requirements of Part 2 of Article 16 of the Law of Ukraine “On Joint Stock Companies”.
In addition, it is noted that the company is obliged to include in the agenda the issue of measures to improve the financial condition and liquidation at the same time, as provided for in Article 16 of the law. At the same time, the company’s management and shareholders do not intend to make a decision on the company’s liquidation, but rather to approve measures to be taken to improve the company’s financial condition.
“It should be noted that the adoption by the general meeting of the decision on issue No. 6 “On measures to be taken to improve the financial condition of the company” automatically excludes voting on issue No. 7 “On liquidation of the company” (the condition of interconnectedness of issues is defined in the decision of the Supervisory Board on holding the general meeting of shareholders),” the statement concludes.
According to the third quarter of 2024, its shares are owned by Wenox Holdings Ltd. 47.1128%, Boundryco Ltd. 11.0131%, Gazaro Ltd. 16.5197%, Crascoda Holdings 6.6826% and Middleprime Limited 9.7901% (all Cyprus).
Earlier it was reported that in May 2008 the international investment and consulting group EastOne sold its stake of about 30% in Dneprospetsstal, which was previously under the group’s mandate. The new shareholders of the plant are linked to VS Energy International, whose beneficiaries are several Russian businessmen.
The authorized capital of the company is UAH 49.720 million.
The Dneprospetsstal electrometallurgical plant (Zaporozhye) has resumed production, including for the purpose of supplying stainless steel to PJSC Centravis Production Ukraine (Centravis Production Ukraine), which is part of the Centravis Ltd holding.
“There is news from our main billet supplier, Dneprospetsstal. On May 29, we launched work and started producing billets for Centravis. The planning department keeps abreast and redirects the metal for production and order fulfillment at lightning speed,” he said in a letter to customers ” Centravis” Chief Sales Officer (CSO) Artem Atanasov on Friday.
At the same time, he noted that the aggressor continues to inflict missile and air strikes on the military and civilian infrastructure of Ukraine. On the night of June 2, Russian troops again fired at the areas of the Dnepropetrovsk region, bordering on the Kherson region.
“Fortunately, the situation in Nikopol is under control, all departments are functioning, the necessary services are being provided. Production processes at Centravis continue. Despite the howling of sirens, the cold and hot shops are working to fulfill plans and produce pipes on time,” the letter states. .
And it is added that the company’s logistics team is actively working and constantly looking for the best and safest ways to deliver finished products. This is done by members of the board of directors who continue to work in Ukraine.
There are also Centravis sales offices around the world – in Essen, Milan, Krakow, Lugano, Houston and Dubai.
“Summing up the results of May, I would like to note the successful completion of the audit of pipes for the Hinkley Point C nuclear power plant (UK). Representatives of Buhlmann and Bilfinger highly appreciated the quality of the pipes, which fully comply with the requirements of RCCM and EN standards. The Centravis team is proud of its participation in the project, which makes the world a better place and our planet cleaner,” the sales director emphasizes in the information.
And it is added that the company will never get tired of thanking for the support provided by customers. “Ukraine’s victory is inevitable!” the letter concludes.
“Centravis” is one of the world’s largest manufacturers of seamless stainless steel pipes, founded in 2000. Its production facilities are located in Nikopol (Dnepropetrovsk region). Included in the top 10 world players. Before the Russian aggression, more than 1,400 people worked at the enterprise.
Holding Centravis Ltd. was created on the basis of CJSC “Nikopol Stainless Pipe Plant”, service and trading companies LLC “Production and Commercial Enterprise “UVIS”. Its shareholders are members of the Atanasov family.
Owned by Centravis Ltd. 100% of the shares of PJSC “Centravis Production Ukraine” is located.
Dneprospetsstal is the only Ukrainian manufacturer of long products and forgings made of special grades of steel: stainless steel, tool steel, high-speed steel, bearing steel, structural steel, as well as nickel-based heat-resistant alloys.
