Ukrgasvydobuvannya JSC has launched five more wells with a daily increase in production of 0.5 million cubic meters of natural gas, the company’s press service reports.
According to the press service, four of the five wells were drilled in “old” fields 45-55 years old. One more is a new field: gas from it first entered the Ukrainian gas transportation system this month.
“To achieve our production growth targets, we combine the use of modern technologies to discover new deposits at already depleted fields and increase investments in research and development of new areas,” said Oleg Tolmachev, Head of UGV.
This approach at one of the old fields has increased daily gas production by 35% over the past two years, and at another by almost 50%.
“The rest of the fields, thanks to the use of modern technologies, have received a new life – they demonstrate stabilization of indicators and the possibility of potential production growth,” the company said.
As reported, since the beginning of the year, UGV has commissioned 58 new gas wells with a total average daily production rate of 5.3 million cubic meters.
The company aims to increase natural gas production by 1 bcm in 2023 to 13.5 bcm. In 2022, UGV produced 12.5 bcm of natural gas (commercial), which is 3% less than in 2021.
NJSC Naftogaz of Ukraine owns 100% of Ukrgasvydobuvannya shares.
Financial-industrial group TAS plans to invest at least $30-40 million in the development of its own production and land bank in 2024, TAS Group founder Serhiy Tigipko said in an interview with Forbes-Ukraine on Wednesday.
“So far we are looking at what gives synergy. This is our own production, primarily in Ukraine. But we are watching the market, if any interesting enterprises will appear. We are definitely ready to invest in agriculture – in the land bank, first of all. This is a strategy for us,” he said.
Tigipko added that he is looking out for investments in processing, which the group has not yet engaged in. “Where exactly we will go, we do not know yet to the end,” – said the founder of the group “TAS”.
The businessman also said that among the plans for 2024 is to increase the production of apple concentrate.
“We want to increase the export volume of apple concentrate. We plan to invest in one of the two plants, and if everything succeeds, to double production,” Tigipko added.
At the same time, according to the founder of TAS Group, logistics currently “eats up” a large share of funds. He noted that his own logistics company mitigates the situation, but the issue of logistics remains complicated, so the group is studying the possibility of acquiring a European transportation company.
“We are considering buying a European transportation company. This will allow to link the supply chain for the client – both in Ukraine and the EU,” he said.
Financial and industrial group “TAS” was founded in 1998 by businessman Serhiy Tihipko. Its business interests include the financial sector (banking and insurance segments) and pharmacy sector, as well as industry, real estate and venture projects.
Centravis Production Ukraine, a part of Centravis Ltd. holding, will invest over EUR3.5 million in the company’s production and development this year.
According to the company’s press release on Tuesday, Oleksandr Hripas, Head of Technical Development at Centravis, said that in 2022, Centravis focused on adapting to work in a full-scale war.
“We managed to quickly rebuild and maintain a high level of production and exports. This year, the team decided to resume investments. In total, we plan to invest over EUR 3.5 million in the modernization and development of production facilities. Most of the investments have been utilized, and the work is ongoing,” he said.
He also clarified that the main areas of investment are energy modernization, primarily energy efficiency measures and reduction of electricity consumption.
The company is strengthening its capabilities to operate in the face of electricity supply restrictions. A process metering system has already been launched, and electricity consumption has been significantly reduced, by up to 30% in some production areas. The company is also working to ensure uninterrupted water supply after the Kakhovka hydroelectric power plant was blown up.
In addition, the company invests in environmental modernization and environmental impact reduction. Thus, the chemical pipe treatment area was reconstructed, a system of specialized software for monitoring chemical indicators was launched, and a water recycling system was set up at certain units of technological equipment.
Investments are also being made in the modernization of non-production infrastructure, which includes the repair of premises, roads, stormwater drainage, roofs, etc.
A separate investment project is the launch and development of a new production facility in Uzhhorod. The company is creating one of the leading centers for the production of tool pipes for cars in Zakarpattia. The company plans to purchase another rolling mill soon, the third one.
The press service reminds that the new facility started operating in February this year and has already reached a production volume of about 255 thousand meters of pipes per month, or more than 60 tons. The main customers are well-known global automakers, including Volkswagen, Audi, BMW, Chevrolet.
“There will be no development without investment. That is why we are looking for investment opportunities despite the difficult operating environment. At the end of the year, we will evaluate the entire scope of work and plan for 2024. It is important not to stop and to provide our customers with the appropriate level of quality and service,” said Yuriy Atanasov, CEO of Centravis, as quoted by the press service.
“Founded in 2000, Centravis is one of the ten largest producers of seamless stainless steel pipes in the world. Its main production facilities are located in Nikopol (Dnipropetrovska oblast), and in 2023, a branch of the company was opened in Uzhhorod.
The company employs over 1400 people.
The company’s supply geography exceeds 50 countries. Currently, Centravis has offices in the United States, Germany, Italy, Switzerland, Poland, and the United Arab Emirates. “Centravis cooperates with Benteler Automotive, Buhlmann Group, Webco – with various companies on different continents.
Centravis Ltd. holding was established on the basis of Nikopol Stainless Pipe Plant CJSC, service and trading companies of Production and Commercial Enterprise YUVIS LLC. Its shareholders are members of the Atanasov family. Centravis Ltd. owns 100% of the shares in Centravis Production Ukraine.
In January-August 2023, Zhydachiv Pulp and Paper Mill (ZhPPM, Lviv region) produced products worth UAH 359.5 million, up 7.8% year-on-year.
According to statistics provided to Interfax-Ukraine by UkrPapir Association, in physical terms, the company’s output of corrugated packaging increased by 18.8% to 15.2 million square meters, containerboard by 24.8% to 10.9 thousand tons, and paper by 7.4% to almost 3 thousand tons.
In particular, in August, the plant increased its paper and cardboard production by 6.3% to almost 2 thousand tons by August 2022, while corrugated packaging production remained at the same level as last year, up to 1.96 million square meters. Compared to July this year, paper and cardboard production increased by 16.5%, while corrugated packaging production remained almost unchanged.
Zhytomyr Pulp and Paper Mill has a paper production capacity (base paper for corrugation, linerboard, cover paper) of 43 thousand tons per year, cardboard production capacity of 50 thousand tons, corrugated cardboard and corrugated packaging capacity of 120 million square meters, and cast containers (tray for 30 eggs) capacity of 72 million units per year.
As reported with reference to the association’s data obtained from the main industry enterprises, in January-August 2023, they produced a total of 361.56 thousand tons of paper and cardboard (10.2% more), and 335.2 million square meters of cardboard boxes (+18.3%).
In 2022, Zhydachiv Pulp and Paper Mill produced goods worth UAH 510.8 million, up 23.1% year-on-year, and net profit increased by 67.5% to UAH 41.76 million.
In January-August 2023, Ruta, a major Ukrainian manufacturer of sanitary and hygienic paper products, whose management company is VGP JSC (Lutsk), produced UAH 1 billion 086.4 million worth of products, which is 97.1% more than in the same period in 2022.
According to UkrPapir’s statistics provided to Interfax-Ukraine, the company has thus slightly accelerated the growth rate of production in monetary terms compared to the same period last year: in seven months, the figure was 96.7%, and in six months – 95.7%.
In terms of volume, the production of toilet paper in rolls increased 1.5 times, exceeding 89 million units, which is still the third best result in the industry after Kyiv Cardboard and Paper Mill (165 million units) and Kokhava Paper Mill (90.4 million units).
VGP’s brand portfolio includes napkins, toilet paper, paper handkerchiefs, and kitchen towels under the Ruta, Ruta Selecta, Fesko, Nosovic, Polotenechko, 100% paper, Servetta, and Ecolo brands. The assortment includes more than 189 items.
As reported with reference to Ukrpapir’s data, in 2022, VGP JSC produced products worth UAH 977.61 million, which is 2.8% more than a year earlier. At the same time, according to the company’s report, in physical terms (tons), production decreased by 27% due to the loss of some markets with the beginning of Russia’s military aggression in Ukraine.
Exports accounted for more than a quarter of sales in 2022. The paper used as the basis for production was purchased mainly from producers in Turkey and Romania.
In January-August 2023, the volume of commercial output of Kyiv Cardboard and Paper Mill (Kyiv Pulp and Paper Mill, Obukhiv, Kyiv region), Ukraine’s industry leader in this indicator, amounted to UAH 4 billion 941.4 million, up 9% compared to the same period in 2022.
According to statistics provided by UkrPapir Association to Interfax-Ukraine, the plant’s production of corrugated boxes increased by 25.2% in volume terms, to 148.7 million square meters. Cardboard output increased by 10.4% to 111 thousand tons, driven by a 16.6% increase in containerboard production to 91 thousand tons, while boxboard production decreased by 11.2% to 20 thousand tons.
At the same time, according to UkrPapir, the output of the base paper for sanitary and hygiene products remains negative: in January-August, it decreased by almost 27% to 29 thousand tons, while the production of toilet paper in rolls decreased by 25.6% to 194.95 million units.
Despite the decline in toilet paper production, the plant maintains a strong leadership in its production in Ukraine. In total, in the first eight months of 2023, the country’s major enterprises produced 393.84 million rolls (down 2%).
According to the industry association’s data from the main industry enterprises, in January-August this year, Ukraine recorded a 10.2% increase in paper and cardboard production (up to 361.56 thousand tons) and an 18.3% increase in cardboard boxes (335.19 million square meters).
Kyiv Pulp and Paper Mill is one of Europe’s largest cardboard and paper products producers, employing over 2,500 people.
As reported, in 2022, the mill produced UAH 7 billion 432 million worth of products, which is 3.5% less than in 2021.
