Business news from Ukraine

Hydrosila reduced electricity consumption by 50%

The leading Ukrainian enterprise for the production of hydraulic power machines JSC Hydrosila (Kropyvnytskyi) reduced the daily volume of electricity consumption by 50% compared to the figures before the full-scale invasion of the Russian Federation into Ukraine and by 30% compared to the beginning of the invasion – to 45-47 thousand kW -h, said the Federation of Employers of Ukraine (FUE).
“By the beginning of the full-scale invasion, the daily volume of electricity consumption at the Hydrosila plant was 95-100 thousand kWh, since the beginning of the invasion this figure had dropped to 65-68 thousand kWh. With the introduction of restrictions, the question arose of further reducing consumption . Today (…) it is 45-47 thousand kWh,” the FRU said on Facebook on Friday, citing company information.
According to the report, as part of the reduction in energy consumption, the company, in particular, switched to increased work in the second and third shifts (ie, actually at night) to reduce the load during “peak hours” and reduce financial costs.
In addition, a number of technical processes have been revised, which also allowed to “win” a share of the electricity costs.
The company noted that during air raids, all employees are in shelter.
Hydrosila JSC is a developer and manufacturer of hydraulic power machines and hydraulic system components, part of the Hydrosila Group of businessman Pavel Shtutman.
According to the company’s report to the National Securities and Stock Market Commission, in 2021 it increased its net profit by 58.4% by 2020 – up to UAH 13.45 million, with a 27.6% increase in net income – up to UAH 654.24 million.

,