Business news from Ukraine

Business news from Ukraine

Gaisyn plant starts producing sugar from syrup

Haysynskyi Sugar Plant, part of the Ukrprominvest-Agro agricultural holding (UPI-AGRO), has started producing sugar from syrup put into storage during the 2024 production season, the agricultural holding’s press service reports.

“Haysynskyi Sugar Plant is the first in Ukraine to implement a technological scheme for processing sugar syrup,” the agricultural holding emphasized.

According to the report, this year’s syrup production season will last 37 days. During this time, it is planned to produce 26 thousand tons of sugar from 48 thousand tons of syrup.
So far, more than 7 thousand tons of sugar syrup have been processed.

“Ukrprominvest-Agro is engaged in growing crops, producing sugar, flour, meat and dairy farming. The group’s land bank exceeds 116.5 thousand hectares. The agricultural holding is located mainly in regions that have not been invaded by the Russian occupiers.

The group’s sugar business is represented by two sugar factories in Vinnytsia region. The total elevator storage capacity is 120 thousand tons.

Ukrprominvest-Agro comprises Agroprodinvest Group LLC, PJSC Podillya PC, LLC Zorya Podillya PC, LLC Vinnytsia Bakery No. 2, AF Dniproagrolan, AF Ivankivtsi, LLC Mas-Agro, LLC Pravoberezhne, and LLC Progress-NT.

The owner of the agricultural holding since December 2019 is the son of the former President of Ukraine Oleksiy Poroshenko.

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Ukraine plans to start producing 50 thousand chips per month

Ukraine plans to start producing 50 thousand chips per month in three years after the start of construction of the factory, said Valeria Ionan, Deputy Minister of Digital Transformation for European Integration.

“We will thus meet the needs of the domestic market, as well as create a basis for exports,” she said at the presentation of Ukraine’s global innovation vision on Thursday.

According to her, chip production in Ukraine will supply most of the country’s industrial sectors.

At the same time, she did not name any specific dates for the start of construction.

Ionan noted that Ukraine will create a network of fabless companies (a company that does not have its own factory) for automated chip design, which will allow it to enter the chip market and take a position in the global semiconductor market.

For his part, Deputy Prime Minister for Innovation, Education, Science, and Technology – Minister of Digital Transformation Mykhailo Fedorov said that the Ministry of Digital Transformation plans to develop and present a chip in 2024.

According to him, the Ministry of Digital Transformation is working with various companies in this direction, but no other details have been disclosed so far.

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UKRAINE STARTS PRODUCING CONVERTERS FOR SOLAR PLANTS IN ODESA

S-Engineering LLC production company (Odesa) at the end of February signed a licensing agreement with AEG Power Solutions, which will provide it with the exclusive right to manufacture solar converters using AEG PS technology. According to the website of S-Engineering, converters with a capacity of up to 1,000 kVA will be produced at its Odesa factory under the SEMAG brand, created by the Metropoliya group of companies and SE Group International.
At present, converters, which are the main component of solar plants, are not produced in Ukraine.
“The equipment produced by under the AEG PS technology in Ukraine will have a sufficient share of local production to receive the U-1 certificate confirming the Ukrainian origin of the goods,” Oleksandr Semeniuh, the director for solar energy projects at S-Engineering LLC, said.
Vice President for Business and New Markets Development at AEG Power Solutions Jorg Liedloff said that in future the company has big plans to expand the product line that is manufactured using its technology in Ukraine.
Metropoliya provides engineering services of a full cycle in the energy sector. SE Group International, headed by S-Engineering, manufactures switchboard equipment certified under European standards.
AEG Power Solutions is the leading global supplier of power supply systems and solutions.

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CHERKASY AZOT STARTS PRODUCING NEW TYPE OF FERTILIZERS

PJSC Azot (Cherkasy), part of Dmytro Firtash’s Group DF, has started producing new type of mineral fertilizers – a urea-ammonium mixture with sulphur, the enterprise has reported in a press release. Azot Board Chairman Vitaliy Skliarov, the specialized fertilizer segment, which includes the urea-ammonium mixture with sulphur, is actively developed in Ukraine. The plant quickly launched new production.
In 2017, the volume of the Ukrainian market of the urea-ammonium mixture with sulphur was around 45,000 tonnes and demand on it continues growing. Production of the urea-ammonium mixture with sulphur was organized at the basis of the operating facilities of Azot. The production capacity is 36,000 tonnes a year. In September, the enterprise made a first experimental batch of 540 tonnes, which is ready for shipment to customers.
Skliarov said that Cherkasy Azot is not the first Ukrainian enterprise, which started producing the urea-ammonium mixture with sulphur. However, the plant has market advantages compared with small enterprises, which are involved in artisanal production.
The share of ammonium in the finished product is 26-28.5%, the share of sulphur is 2%, ammonium nitrate – 35-37%, ammonium sulfate – 8.2-8.6% and urea – 27-30%.

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