Business news from Ukraine

Business news from Ukraine

STATE-OWNED ARTYOMSOL INCREASES SALES BY 60% IN 2021

In 2021, state-owned enterprise Artyomsol (Donetsk region) extracted, processed and shipped 1.9 million tonnes of salt to consumers, which is 60% more than in 2020, while the share of exports in total supplies grown by 11.2 percentage points – from 28.3% (336,600 tonnes) to 39.5% (744,200 tonnes).
The company said in a report on its website on Tuesday, the sale of de-icing salt last year grew by 25.2% by 2020, to 936,800 tonnes, shipped in bulk ground salt – to 545,800 tonnes (33.2% more), packaged salt sales amounted to 171,900 tonnes, salt in flexible containers (FIBC) increased to 53,700 = tonnes (5.4% more), iodized salt amounted to 45,300 tonnes.
“The increase in the efficiency of the enterprise was achieved thanks to… a comprehensive program for the improvement of production, developed and implemented at the end of 2020. As a result, last year the volume of salt production increased, sales of products grew, the level of profitability of the enterprise increased, and the wages of employees also grew,” the company said.
SOE Artyomsol is one of the largest enterprises for the extraction and sale of table salt in Central and Eastern Europe. The production facilities of SOE Artyomsol are located in Soledar, Donetsk region.

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SALES OF NEW PASSENGER CARS IN OCTOBER DECREASE BY 8% IN UKRAINE

Sales of new passenger cars in October this year decreased by 8% compared to the same month last year and by 14% from September this year, to 8,000 units, AUTO-Consulting reports.
“The reason for a decrease was the shortage of cars due to the crisis with microchips in the global auto industry. In October, it also covered the Ukrainian car market and knocked down sales of most operators. But there were also those who decided to take advantage of the shortage of cars from competitors and, on the contrary, increased sales,” the report says.
Toyota retained its leadership in the market in October, but the auto deficit reduced its indicators by 18% from September 2021 – to 1,243 units. The second and third places, as before, also were occupied by Renault (sales dropped by 27%, to 920 units) and Kia (minus 33%, to 669 units).
At the same time, China’s Chery moved to the fourth position in the ranking (from the eighth in September) with a 25% increase in sales, to 488 cars.
Mitsubishi, Hyundai and Nissan retained their positions, while Mitsubishi added 3% in sales compared to September.
According to the analysts of the group, the further picture of the location of the brands fixes not so much the market result as the amount of car stocks at dealerships and their outflow/arrival.
“Not so many car brands were able to take advantage of the deficit of competitors. It is clearly seen that so far Chinese manufacturers are benefiting from the chip crisis, since almost all of them have recorded a stable growth in sales,” the source said.
According to it, a total of 84,000 new passenger cars were sold in Ukraine in January-October, which is 22% more than in the same period last year and is almost equal to the indicator for the entire last year.
“So 2021 will already be a positive year, despite the quarantines and chip crises,” the experts said.

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KSG AGRO INCREASES SALES

Agroholding KSG Agro in January-September 2021 increased the volume of sales of pigs in live weight by 17.4% compared to the same period last year, to 6,650 tonnes, the growth was mainly due to the renewal of livestock and changes structure of compound feed, according to a press release from the group of companies.
“We managed to significantly improve the quality of feed thanks to a comprehensive partnership program with Cargill. As part of the program, we not only improved the qualifications of our personnel, but also modernized equipment, created modern laboratories,” Board Chairman of KSG Agro Serhiy Kasianov said.
In addition, this year, KSG Agro purchased 1,000 sows of the Danish Dunbred breed as part of the livestock renewal, which increased the birth rate of piglets.
The livestock segment of the agricultural holding provides its own feed from the mill with a monthly capacity of 2,500 tonnes, which uses its own raw materials and additives-premixes purchased from Cargill.
According to Oleksandr Dolzhenko, the head of the meat department of KSG Agro, the group is currently preparing for the modernization of the pig breeding complex in the village of Nyva Trudova (Dnipropetrovsk region), the project documentation for future work has already been approved.
The vertically integrated holding KSG Agro is engaged in pig breeding, as well as in the production, storage, processing and sale of grain and oilseeds. Its land bank is about 21,000 hectares.

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LATVIAN OLAINFARM INCREASES SALES IN UKRAINE IN H1

In January-June 2021, the Latvian pharmaceutical concern Olainfarm increased sales of products in Ukraine by 24% compared to the same period in 2020, to EUR 6.313 million.
According to the company’s materials, the improvement of this indicator has been facilitated by the introduction of a new marketing model in Ukraine since the end of 2020.
In general, over the six months of 2021, the group’s sales reached EUR 66.671 million, which is almost the same as the level of sales for the same period in 2020.
The largest markets for Olainfarm Group were Latvia (30%), Russia (about 27%), Belarus (about 12%), and Ukraine (over 9%).
Olainfarm is the largest pharmaceutical company in Latvia and one of the largest pharmaceutical companies in the Baltic States. Its product portfolio includes over 60 finished dosage forms, 25 active pharmaceutical ingredients and over 20 chemical intermediates.
Subsidiaries are located in Ukraine, Lithuania, Turkey and Kyrgyzstan, and representative offices – in the Russian Federation, Belarus, Tajikistan, Albania, Mongolia, and Uzbekistan.

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SALES OF NEW TRUCKS IN UKRAINE IN JAN-JULY INCREASE BY 72.6%

The sales of new trucks weighing over 3.5 tonnes in January-July this year increased by 72.6% compared to the same period in 2020, to 2,746 units, according to AUTO-Consulting.
According to information on its website, 521 trucks were sold in July, which is 30.9% more than in the same month last year.
“Road construction continues to be the market driver. Dump trucks are bought like “hotcakes,” and it was the supply of equipment for road workers in July that changed the balance of power in the market,” analysts say.
Leadership in July 2021, as in the previous year, was retained by Belarusian-based MAZ with a market share of 15% and the sale of 78 vehicles (five more than in July 2020).
German-based MAN, which came in second with a margin of three vehicles, became the leader in the heavy-duty truck segment at the same time.
Scania maintained its third position, adding 30% in sales, to 70 vehicles and taking 13.4% of the market, and in the heavy segment it ranked second.
“In July, these three manufacturers managed to break away from competitors in terms of supplies and each sold more than 70 units of equipment,” the experts state.
The fourth was Ford Trucks with 55 vehicles sold and an increase of 72%, and Volvo ranked fifth in July (compared to the ninth place a year earlier) with the largest growth of 2.7 times, to 38 units.
A year earlier, the third and fourth lines of the July rating were occupied by Renault and Mercedes-Benz (in July this year – the eighth and sixth lines of the rating, respectively).

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KREDMASH FROM POLTAVA INCREASES SALES BY 21%

JSC Kremenchuk Plant of Road Machines (Kredmash, Poltava region) in January-June increased the production and sales of asphalt and soil mixing units by 21.4% compared to the same period in 2020, to 34 units.
According to a report on the company’s website, in June, the plant shipped products to Vinnytsia, Odesa, as well as for export.
As reported, the growth in production and sales of products at the plant is primarily associated with the road construction program in Ukraine. In particular, in January-June last year, due to the intensification of road construction, the plant produced 28 units, while for the whole of 2019 – 26.
In June of this year, Kredmash also produced spare parts, components and assemblies for UAH 22 million, consumer goods – for UAH 10.4 million.
Kredmash specializes in the development and manufacture of asphalt mixing plants, spare parts for construction and road equipment, tank trucks, bitumen trucks, iron and steel castings, consumer goods (seamers).
In 2020, the plant produced and sold 54 units, net income increased by 12%, to UAH 1.088 billion, net profit tripled – to UAH 69.14 million. Some 61.3% of total sales were exported, and the main competitors at the plant are German-based Ammann, Teltomat, Lintec, Italian-based Mavini, Bernandi, Sim, Czech-based Askom, Finnish-based Amomatik.

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