Business news from Ukraine

STATE TOURISM AGENCY, UKRAVTODOR, INVESTORS IN RESORTS IN CARPATHIANS SIGN MEMORANDUM

The State Agency for Tourism Development of Ukraine, the State Agency of Automobile Roads of Ukraine (Ukravtodor) and representatives of investors in the Borzhava and Slavske resorts have signed a memorandum of cooperation in the development of the infrastructure of the Carpathians.
The memorandum, in particular, was signed by Head of the State Agency for Tourism Development Maryana Oleskiv, First Vice President of OKKO Group Vasyl Danyliak, co-owner of the Bukovel tourist complex Oleksandr Shevchenko, legal consultant of Borzhava Asset company Yuriy Chizhmar during the Ukraine 30. Infrastructure forum.
“Cooperation with the state is very important for us, since the infrastructure around the resort is very expensive, and it is practically impossible to implement it without state support. This concerns, first of all, roads, sewerage and water supply and, of course, electricity,” Danyliak said.
“We, as an investor in Bukovel, are ready to build almost the entire infrastructure for the Olympics-2030, together with partners to build facilities that will complement each other so that the Carpathians become a diverse and attractive region for tourists from all over the world,” Shevchenko added.
Chizhmar expressed hope that, according to environmental standards, the development of infrastructure in the region will increase its investment attractiveness.

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NESTLE UKRAINE LAUNCHES SALES OF PLANT-BASED PRODUCTS RESEMBLING MEAT IN TASTE

Nestle Corporation starts selling a line of Garden Gourmet plant-based products in Ukraine, resembling meat in taste, appearance and texture.
The company’s press service reported on Thursday that the Garden Gourmet product line is represented in Ukraine by Sensational Burger, Sensational Sausage, Vegan Meatballs and Vegetarian Nuggets.
The press service of Nestle told Interfax-Ukraine that the new products will be delivered to a number of restaurants in Kyiv and Lviv, and the Garden Gourmet line will arrive in the retail network at the end of 2021. At the same time, the selling prices of new products are not disclosed.
The company said that Garden Gourmet products consist of natural plant ingredients, and the dye in plant products is beet juice and fruit and vegetable concentrate. The product also contains wheat, soy, oil and water. According to Nestle, the shell of Sensational Sausage uses natural algae.
According to the company, the production of vegetable burgers requires 80% less energy compared to a similar meat product. Also, the production of Garden Gourmet products reduces the carbon footprint and land use compared to the meat product by 80% and 75%, respectively.
“The choice in favor of plant products helps to reduce the amount of greenhouse gases in food production. Thanks to the optimal price, this product is affordable for everyone, and we hope that Ukrainians will discover the world of plant foods thanks to Garden Gourmet,” Nestle Professional Business Executive Officer in Ukraine and Moldova Elena Shevelyova said.
According to the company, Garden Gourmet is a popular plant food brand in Europe, with production facilities in the Czech Republic.

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PHASE ONE OF CONSTRUCTION OF ALL-SEASON RESORT IN UKRAINIAN SLAVSKE TO BEGIN NEXT SPRING

Phase one of construction of an all-season resort in Slavske (Lviv region) will begin in 2022, First Vice President of OKKO Group Vasyl Danyliak has said.
“We hope to start phase one of construction next year, in the spring. It will be approximately 20 km of ski trails with basic residential infrastructure,” Danyliak said during the Ukraine 30. Infrastructure forum on Wednesday.
According to him, the payback of the infrastructure of ski resorts in Ukraine takes twice as long as in European countries, so it is important to develop resorts in the summer.
As reported, the complex will include up to 65 km of ski trails. The total project implementation period is from three to five years. The investment volume is up to $500 million.

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ENERGOMASHSPETSSTAL INCREASES SALES TO UAH 3.3 BLN IN 2020

PJSC Energomashspetsstal (Kramatorsk, Donetsk region), owned by Russia’s Atomenergomash (Rosatom state corporation), sold products worth UAH 3.324 billion in 2020, which is 71% more than in 2019.
According to the information on the company’s website, the share of exports in total sales was 94.4%.
Over the past year, Energomashspetsstal shipped 21,430 tonnes of products to customers, and the key objects of supply were such nuclear power plants (NPP) as: Kudankulam (India), Akkuyu (Turkey), Tianwan (China) and Xudap (China).
“According to the plan, in 2021 it is planned to produce and sell products for at least UAH 3.043 billion,” the report said.
According to Energomashspetsstal, a significant event in 2020 was the development of a new technology for the manufacture of shanks and low-pressure rotor discs, which made it possible to successfully pass the qualifications of General Electric and start serial production of products for the Akkuyu NPP under construction in Turkey.
The press service also said that by the beginning of this year, 1,525 people worked at the enterprise, and the average monthly wage increased by 16% by 2019, to UAH 18,380.
The report, citing acting Marketing and Sales Director at Energomashspetsstal Yuriy Shportko, said that the company’s order portfolio is full for 2021.
“In 2020, the plant received a number of serious orders. An important direction will be the production of large-sized castings for the ship’s energy system. Work will also continue to produce billets for the nuclear power plants under construction in India, Turkey and China. Prospects for the supply of products to Egypt for the El-Dabaa NPP are being considered. In addition, we plan to supply rolled products to new markets in the United States, Canada, Mexico and China,” the press service said, citing Shportko.
Energomashspetsstal is the largest Ukrainian manufacturer of special cast and forged products of individual and small-scale production for metallurgy, shipbuilding, energy (wind, steam, hydro, nuclear) and general mechanical engineering.

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ZAPORIZHTRANSFORMATOR RESUMES SUPPLIES TO ARGENTINA

JSC Zaporizhtransformator (ZTR), a part of the Energy Standard group of businessman Konstantin Grigorishin, has prepared three single-phase shunt reactors ROM-55125/525-T1 for shipment under a contract with Transener S.A. (Argentina) for the supply of equipment for installation at the ET Puelches substation to replace the old one.
According to a message on the company’s website, thus, the enterprise resumes the supply of equipment to the market of this country after a more than six-year break.
“Zaporizhtransformator has been cooperating with Transener SA for a long time and has carried out more than one supply, but in general, the plant has been present in the Argentine market since the 70s, but the last order was completed in 2014. At the end of 2017, it was decided to return to this market, and representatives of the plant held negotiations on the resumption of cooperation with Argentine energy companies. The result was the victory in the tender and the signing of the contract,” the press service of the enterprise said.
Preparation for the tender and receipt of the order (the cost of which was not disclosed) lasted about six months. The main competitors in the tender were Brazilian manufacturers, in particular the ABB company.
“When supplying to South America, the lion’s share of the costs is logistics, which often makes manufacturers from other continents uncompetitive. Therefore, in order to compete with local manufacturers in a tender and provide the best price offer, Zaporizhtransformator managed to work with transport companies to work out the possibility of shipping reactors by container lines, which significantly reduced the cost of the logistics of the order and made it possible to compete with Brazilian companies,” the company said.
The circle of tender participants, according to the report, also narrowed due to the lack of experience in the design and production of similar equipment (single-phase reactors with a maximum voltage of 550 kV) for at least ten years, which allowed the enterprise “to compete in the tender only with serious companies.”
The message said that due to the worldwide coronavirus (COVID-19) pandemic, equipment tests took place online for the first time. Upon arrival of the reactors at the facility, it is planned to install and start up equipment in the presence of a representative of the ZTR service center.
JSC Zaporizhtransformator is a large manufacturer of transformer equipment, has experience in deliveries to 88 countries. It produces power oil transformers, electric reactors and controlled shunt reactors.
Transener S.A. is the leading Argentine company in the transmission of extra high voltage electric power.

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AB INBEV EFES GETS LOSSES IN UKRAINE

PrJSC AB InBev Efes Ukraine (Kyiv), one of the largest brewing companies in Ukraine, received UAH 493.04 million in net loss in 2020 compared to UAH 63.57 million in net profit in 2019.
According to the company’s statement in the information disclosure system of the National Securities and Stock Market Commission on the annual meeting of shareholders on March 31, its assets grew by 16% over the year, to UAH 5.24 billion.
Retained earnings of the company in 2020 amounted to UAH 382.4 million versus UAH 103.66 million in 2019.
The shareholders of the company at the meeting intend to channel the reserve capital in the amount of UAH 31.45 million to cover the loss received in 2020, and to repay the rest of the loss at the expense of deferred profit.
In addition, the shareholders plan to open a credit line at the level of UAH 10 billion to conduct business.
According to AB InBev Efes, the number of ordinary registered shares of the company in 2020 did not change and amounted to 9.511 billion.
As reported, one of the leaders of the Ukrainian brewing market AB InBev Efes Ukraine was created in 2018 as a result of the merger of AB InBev and Anadolu Efes on the territory of Ukraine and Russia. AB InBev Efes Ukraine has three breweries in Chernihiv, Kharkiv and Mykolaiv.

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