The Interdepartmental Commission on International Trade has launched an antidumping investigation into the import of cement from Turkey to Ukraine.
The commission’s decision of September 2, 2020 to initiate an investigation comes into force from the moment of its publication, according to data on the Uriadovy Kurier edition’s website on September 5, 2020.
According to the report, the commission received a corresponding complaint from PrJSC Dyckerhoff Cement Ukraine, PrJSC Kryvy Rih Cement, PrJSC Mykolaivcement, PJSC Podilsky Cement, Cement LLC with the support of PrJSC Ivano-Frankivskcement.
According to the applicant, during the observation period (2017-2019), the dumping import of cement in absolute terms increased by 809%, in terms of consumption by 837%. In addition, the trend continues in 2020. According to the forecast, by the end of 2020 imports will increase by 1,815% and 2,547%, respectively. At the same time, prices for imported cement were lower than the prices of the applicant, and the growing volumes of imports forced him to reduce prices, despite the increase in cost.
Having considered the complaint, the authority concluded that import of cement from Turkey to Ukraine was carried out in volumes and on conditions that could cause damage to the national producer.
The Ministry of Economy has been instructed to conduct the antidumping investigation. Registration of interested parties is carried out within 30 days.
The Antimonopoly Committee of Ukraine has permitted Dragon Capital investment company via NUF Equity Investments Limited to acquire 50% in UPG Food Holdings Limited (both based in Nicosia, Cyprus), which owns a large turkey meat producer.
The committee also permitted NUF Equity Investments Limited and Dytchi-Invest Limited to fulfill the conditions of a draft agreement on the sale and purchase of shares, which will be signed between the two companies to restrain competition for the period of five years.
Dragon Capital has not yet commented on the deal.
UPG Food Holdings Limited, which beneficiaries are Yulia and Volodymyr Dutchak, owns the group of companies UPG-Invest founded in 2002. It is engaged in growing turkey and producing meat under the Siayvir trademark. It includes several production complexes with a total area of about 60,000 square meters, a slaughterhouse and equipment for cooling and instant freezing of meat. The production capacity is 12,000 tonnes of meat per year.
The UPG-Invest Group has owned the Abo-Mix fodder plant since 2014. Its capacity is 12,000 of granulated fodder a year for all types of household animals and birds. The products are made under Agro Gold Mix trademark and sold in Ukraine and the EU.
