KYIV. Sept 11 (Interfax-Ukraine) – United Mining-Chemical Company state enterprise, which manages Vilnohirsk state mining and metallurgical plant (Dnipropetrovsk region) and Irshansk state mining and processing plant (Zhytomyr region), increased sales revenue on the domestic and foreign markets by 80% in January-July 2015 compared to the beginning of the year, to UAH 730 million.
The company said in a press release on Monday, referring to First Deputy Director General Oleksandr Hladushko, that if in February 2015 the company’s revenue for core products – ilmenite, rutile and zircon – did not exceed UAH 91 million, in July it totally exceeded UAH 165 million, which is 1.8 times more than at the start of the year.
The growth in revenue is linked to boosted sales.
“On the global titanium market crisis is only worsening and prices of our products continue falling, while revenue grew only thanks to growth of sales,” Hladushko said.
The marketing and sales department was able to resume cooperation with former clients of Vilnohirsk state mining and metallurgical plant and Irshansk state mining and processing plant in January-July and also found new clients, namely Jiangsu Sainty Machinery Corp (China), Mario Pilato (Spain) and China National Light Industrial Products Co (China).
The plants continue to focus on exports. In January-July the share of exports in ilmenite sales by Vilnohirsk state mining and metallurgical plant was 83%, rutile – 93% and zircon – 97%, while ilmenite sales by Irshansk state mining and processing plant totaled 100%.
“We’re working on the reorientation of Irshansk plant’s products to global markets, although before the plant was returned to state ownership from leasing by Crimea Titan it sold products only in Ukraine for almost 10 years, using the same system. It is hard to return the plant’s products to the global market, as all trade relations of the plant with the world were lost for a long period of time,” Hladushko said.
United Mining-Chemical Company sells its products in over 30 countries. Its main markets are the European Union, China, Turkey, the United States and African countries.
United Mining-Chemical Company started operating in August 2014 when the Ukrainian government decided to transfer Vilnohirsk state mining and metallurgical plant and Irshansk state mining and processing plant to its management.
