Business news from Ukraine

GRAIN COMPANY NIBULON TO INVEST $19 MLN IN RIVER TERMINAL CONSTRUCTION

Nibulon will invest $19 million in construction of a river transshipment terminal in Ternivka (Zaporizhia region).
According to a posting on the company’s website, the launch of the terminal is scheduled for June 2019.
Along with the terminal, the project envisages construction of a berth of over 3 km long and dredging works on the Ploska Osokorivka River.
The company said that the terminal will hire 120 employees and will pay over UAH 2.7 million of taxes to the local budget a year.
The terminal will be third for the company in Zaporizhia region.
Nibulon was established in 1991. It is one of the largest operators in the grain market of the country. Nibulon cultivates 83,000 hectares. It exports agricultural products to more than 60 countries of the world. The annual export volume exceeds 4.5 million tonnes.

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INTRODUCTION OF BIM (BUILDING INFORMATION MODELING) TECHNOLOGIES IN CONSTRUCTION INDUSTRY COULD REDUCE COST OF BUILDING AND OPERATING FACILITIES BY 30%

The system implementation of BIM (Building Information Modeling) in the construction industry of Ukraine could help reduce the cost of building and operating facilities by up to 33%, Olena Shuliak, a member of the board of the Better Regulation Delivery Office (BRDO), the co-owner of Midland Development Ukraine, has stated. “The use of BIM for design, construction and operation of industrial, infrastructural, civil construction objects has become a de facto mandatory practice in the developed countries. As international practice shows, the use of BIM allows optimizing construction terms by 20%, increasing control over expenses by 30% and more, reducing construction costs by 20%, and in some cases up to 33%,” the expert believes.
Shuliak explained BIM assumes the collection and complex processing during the design process of all architectural, design, technological, economic and other information about the building, when the building and everything related to it are considered as a single object.
According to her, BIM allows exporting design services of Ukrainian companies abroad, and in future the export of these services could grow by 1.5-2 times.
“Foreign investors entering or planning to work in the Ukrainian market are interested in a fast and high-quality project implementation with transparent control over all processes. BIM could become a serious competitive advantage for domestic

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CONSTRUCTION IN UKRAINE IN AUG 1.1% DOWN, HIGHEST INCREASE IS RECORDED IN ODESA (BY 43.7%)

The volume of completed construction works in Ukraine in August 2018 decreased by 1.1% compared to August 2017, whereas growth in July 2018 from July 2017 was 9.7%. The report does not include data from temporarily occupied territories, namely the Autonomous Republic of Crimea and partly Donetsk and Luhansk regions, the State Statistics Service of Ukraine has said. The volume of completed construction works in August 2018 from July 2018 decreased by 6.4% (according to seasonally adjusted data, it decreased by 6.9%), whereas there was a 5.8% fall in July 2018 from June 2018.
Residential and nonresidential construction declined in August 2018 from August 2017, while the construction of engineering facilities was on the rise. According to unadjusted data, residential construction saw a 13.3% decline, while the decline of nonresidential construction was 5.4%. The construction of engineering facilities increased 6.4%.
The construction of residential buildings in August 2018 from July 2018 decreased by 9.9%, the construction of nonresidential buildings grew by 5.5%, engineering facilities fell by 10%.
In January-August 2018, a decrease in construction work compared to the same period of 2017 was recorded in 11 regions of Ukraine and Kyiv city, including in Luhansk (by 43.7%, to UAH 233.2 million), Sumy (by 20.9%, to UAH 635.7 million) and Zakarpattia (by 17.8%, to UAH 710.5 million) regions.
The highest increase in completed construction works in the eight months ending August 2018 was recorded in Odesa (by 43.7%, to UAH 9.597 billion) Khmelnytsky (by 32.5%, to UAH 1.663 billion) and Ivano-Frankivsk (by 31.4%, to UAH 1.7 billion) regions.
In Kyiv, the volume of construction work in the eight months ending August 2018 fell by 3.7%, to UAH 16.741 billion.

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UKRAINIAN FARMAK TO INVEST $10 MLN IN CONSTRUCTION OF PLANT IN UZBEKISTAN

PJSC Farmak (Kyiv), among top three leaders of the pharmaceutical sector of Ukraine, plans to invest $10 million in construction of a pharmaceutical plant in Uzbekistan, the company’s press service has reported. “With a view to the export development, Farmak is considering an investment project with investment of $10 million to localize production in the Republic of Uzbekistan with the launch of production in bulk and a gradual transition to full-cycle production, with the development of technologically more complex products, in particular, radiopaque and biotechnological products,” the press service of the company said, citing Chairperson of the supervisory board Filia Zhebrovska.
At present, Farmak is fourth in sales in the pharmaceutical market of Uzbekistan, the portfolio of products sold in this country totals 120 items.
The company said that the head of the Farmak’s supervisory board and Ambassador of Uzbekistan to Ukraine Alisher Abdualiyev have already agreed on the construction of the plant.
“The new production facility of Farmak will expand the range of medicines that are produced in Uzbekistan, reduce dependence on imported production and create a basis for further expansion of the pharmaceutical cluster,” Abdualiyev said.
Farmak is a member of the Association Manufacturers of Medications of Ukraine (AMMU).

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CONSTRUCTION IN UKRAINE IN JULY 9.7% UP YEAR-OVER-YEAR- STATISTICS

The volume of completed construction works in Ukraine in July 2018 increased by 9.7% compared to July 2017, whereas growth in June 2018 from June 2017 was 2.2%.
The report does not include data from temporarily occupied territories, namely the Autonomous Republic of Crimea and partly Donetsk and Luhansk regions, the State Statistics Service of Ukraine has said.
The volume of completed construction works in July 2018 from June 2018 decreased by 5.8% (according to seasonally adjusted data, it decreased by 3.6%), whereas there was a 12.3% increase in June 2018 from May 2018.
Residential and nonresidential construction declined in July 2018 from July 2017, while the construction of engineering facilities was on the rise. According to unadjusted data, residential construction saw a 9.1% decline, while the decline of nonresidential construction was 2.6%. The construction of engineering facilities increased by 26.2%.
The construction of residential buildings in July 2018 from June 2018 decreased by 17.3%, the construction of nonresidential buildings fell by 2.4%, engineering facilities by 2.9%.
In January-July 2018, a decrease in construction work compared to the same period of 2017 was recorded in 10 regions of Ukraine, including in Luhansk (by 45.8%, to UAH 184.1 million), Sumy (by 22%, to UAH 523.8 million), Kirovohrad (by 18%, to UAH 586.5 million) regions.
The highest increase in completed construction works in the seven months was recorded in Ivano-Frankivsk (by 33.4%, to UAH 1.5 billion) and Odesa (by 54.5%, to UAH 8.2 billion) regions.
In Kyiv, the volume of construction work in the seven months fell by 2.9%, to UAH 14 billion.