Business news from Ukraine

Yaroslavsky’s DMZ increased tax payments by 64%

28 February , 2024  

Dnipro Metallurgical Plant (DMZ, formerly Dniprokoks), a part of DCH Steel of businessman Aleksandr Yaroslavsky’s DCH group, paid over UAH 657 million in taxes in 2023, up 64% compared to 2022.

According to the company, value added tax accounted for UAH 277.5 million in the structure of payments to budgets of all levels. Income tax amounted to UAH 122 million, and unified social tax, rent and other contributions amounted to UAH 257 million.

It is noted that this result of significant support for the state budget was noted by Danylo Hetmantsev, Chairman of the Verkhovna Rada Committee on Finance, Taxation and Customs Policy. He sent a letter of gratitude to the company, in which he noted the hard work of the plant’s team and emphasized that DMZ is one of the industry leaders in terms of tax payments.

“I am grateful to every employee of Dneprovsky Iron and Steel Works for their contribution to the defense capability of our country, its endurance and strength. We continue to work on the economic front to maintain the financial stability of the state,” said Vitaly Bash, CEO of DCH Steel.

In 2023, the plant increased its rolled steel output by 86.2% compared to 2022, up to 105.6 thousand tons, and coke output by 38.5%, up to 292.7 thousand tons.

DMZ specializes in the production of steel, pig iron, rolled products and products made from them. On March 1, 2018, DCH Group signed an agreement to buy Dnipro Metallurgical Plant from Evraz.