Representatives of Ectar United Trading Company (Saudi Arabia) have visited Novokramatorsky Mashinostroitelny Zavod (NKMZ, Donetsk region), a leading heavy engineering enterprise in Ukraine, with the purpose of establishing technical and technology partnership in the sphere of foundry engineering.
NKMZ said in a press release that the representatives of Ectar United Trading visited metallurgical and machine workshops, studied automated forging complexes and processing units in engineering shops.
“The guests also paid attention to the reducing gear workshop, which is one of the best not only in the company, but also in Europe. In the end, they were impressed by the condition of the shops that underwent ergonomic reconstruction, the culture of production and the quality of products. We hope for the continuation of contacts for the establishment of partnership,” the NKMZ said.
The press service of the plant also informs that NKMZ for the eighth time took part in the largest exhibition of Uzbekistan – the ninth International Industrial Forum UzbekistanIndustrial Forum 2018.
“NKMZ has been cooperating with Uzbekistan for nearly 60 years. Rotor complexes, walking excavators, mixer-converters for non-ferrous metals and a quarto mill have been delivered to Uzbekistan., NKMZ supplied 50 ore-grinding mills only to Navoi MMC in 1992-2008,” the press service said.
At the UzbekistanIndustrial 2018, Uzbek industrialists were interested in NKMZ’s ore-grinding equipment, as well as in the capabilities of tunneling combines.
As of 4 April, the cost of Ukrainian barley on the terms of FOB deepwater ports of Ukraine increased to $208-218 per MT that is 27% higher than the price level for the same period last year, the Ukrainian Agribusiness Club association (UCAB) has reported. The association said on its website that such a price for domestic grain crop is a record since the end of 2014.
“The key factor in the steady increase in barley prices over the past few months was the unstable demand from Saudi Arabia, which is the key importer of this grain in the world. In 2017, Ukraine shipped 2.07 million tonnes of barley to this country, which accounted for 57% of total exports,” analyst of agricultural markets of the UCAB Ilha Kharabara said.
This year, demand from Saudi Arabia is not sustainable – tenders for the purchase are infrequent, but volumes are quite significant. At the last tender, the Saudi Grains Organization (SAGO) announced the purchase of 1 million tonnes of barley, at the previous one was purchased 0.96 million tonnes.
The tense world balance at the beginning of the marketing year supported the price increase for barley – world production fell to 142.4 million tonnes in 2017/2018, which is 3.5 million tonnes less than last year.
