Business news from Ukraine

ENERGOMASHSPETSSTAL INCREASES STEEL PRODUCTION IN 2020

PJSC Energomashspetsstal (Kramatorsk, Donetsk region), owned by Russia’s Atomenergomash (Rosatom state corporation), in 2020 increased steel production by 6.8% compared to the previous year, to 63,000 tonnes.
A source in the industry told Interfax-Ukraine that 3,000 tonnes of steel were produced in December.
As reported, Energomashspetsstal in 2019 reduced steel production by 4.8% compared to 2018, to 59,000 tonnes.
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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ENERGOMASHSPETSSTAL SLIGHTLY REDUCES PRODUCTION

PJSC Energomashspetsstal (Kramatorsk, Donetsk region), owned by Russia’s Atomenergomash (Rosatom state corporation), outputted products for UAH 2.26 billion in 2019, which is 6% less than the same indicator in 2018, and sold almost 86% of output for UAH 1.94 billion.
The enterprise said in a statement on its website on Monday, April 27, that such figures were given in the report of General Director of Energomashspetsstal Vitaliy Hnezdytsky at the general meeting of shareholders on April 23.
“Despite the decline in demand in the foreign and internal markets, increased competition from Asian manufacturers, the presence of excess capacity in Eurozone enterprises, PJSC Energomashspetsstal manages to preserve the accumulated potential and maintain a stable economic condition. The enterprise managed to output products almost at the level of last year,” the press service said, citing the general director’s report.
He said that there were some 59,300 tonnes of liquid steel [5% less than in 2018], some 3,200 tonnes of cast products (6.7% more), some 37,900 tonnes of forgings (7% less) produced in 2019.
“There were 85.8% of manufactured products amounted to UAH 1.940 billion sold in 2019. The main consumers were Germany, Kazakhstan, China, Finland, the United States, France, Poland, Romania, Belgium and others. There was entry into the gross products market of the United States, Brazil and Mexico,” the general director said in the report.
According to the report, the enterprise regularly pays salaries, and the average salary amounted to almost UAH 18,800 UAH in February 2020, which is 24% more than in February 2019.
The shareholders determined the output and sale of products in the amount of UAH 3.71 billion in 2020.
According to the Energomashspetsstal report in the disclosure system of the National Securities and Stock Market Commission, the shareholders also elected a new composition of the supervisory board, which included eight former members and instead of retired Yuriy Yatseniuk, who was a member of the supervisory board from 2011, introduced Kateryna Taruta [daughter of the MP and former governor of Donetsk region Serhiy Taruta] as a representative of the Cyprus EMSS Holdings Limited.
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 engineering.

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UKRAINIAN ENERGOMASHSPETSSTAL DELIVERS 25 ROLLS TO INDIA

PJSC Energomashspetsstal (EMSS, Kramatorsk, Donetsk region), the owner of which is Russia’s Atomenergomash, has signed a new agreement with Steel Authority of India (SAIL) for delivery of 1,190 tonnes of rolled products. The press service of EMSS has reported that the agreement was signed following tender in July 2019. The value of the contract is not disclosed.
The rolls will be produced for a new hot-rolling mill 2250 of Rourkela Steel Plant (RSP).
According to the contract, the products should be sent to the customer by the second quarter of 2021.
The company’s press service said a successful fulfillment of this order would favor further cooperation with SAIL into other projects.
For a moment, SAIL’s RSP is also waiting for another delivery under the previous order from EMSS that is to be sent to the customer by the beginning of 2020.
Energomashspetsstal is the largest Ukrainian producer of special cast and forged products for individual and small-scale production for metallurgy, shipbuilding, energy (wind, steam, hydro, nuclear) and general engineering.
SAIL is top five biggest companies of India.

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ENERGOMASHSPETSSTAL TO SUPPLY ROLLS TO FRANCE

PJSC Energomashspetsstal (EMSS, Donetsk region) will produce rolls for a hot-rolling mill of ArcelorMittal Fos-sur-Mer (France) in 2020, an enterprise said in its press release.
The rolls, with a total weight of 105 tonnes meant for production of a steel sheet from two to ten millimeters thick, will be offloaded to the customer in the second quarter of 2020 under the conditions of the agreement signed in July 2019.
Russia’s Atomenergomash of Rosatom Corporation is an owner of the EMSS.
It is the largest Ukrainian producer of special cast and forged products for individual and small-scale production for metallurgy, shipbuilding, energy (wind, steam, hydro, nuclear) and general engineering.
Fos-sur-mer is the second ArcelorMittal steel mill in France that is a part of ArcelorMittal Méditerranée steel construction producer.
ArcelorMittal and Energomashspetsstal have been cooperating since 2011.

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ENERGOMASHSPETSSTAL TO FINISH PROJECT TO MAKE SEMI-FINISHED PRODUCTS FOR TURKEY’S NPP BY JUNE

Public joint-stock company Energomashspetsstal (EMSS, Kramatorsk, Donetsk region), the owner of which is Russia’s Atomenergomash of Rosatom Corporation, plans to supply the last semi-finished products under a project on production of semi-finished products for equipment of reactor one of Turkey’s Akkuyu nuclear power plant (NPP). According to a posting on the website of EMSS, under the contract, which cost is not disclosed, hundreds of semi-finished products for the reactor’s case, steam generator, pressurizer and the upper unit were made and inspected with participation of specialists from the NBPP and Turkish Atomic Energy Authority (TAEK). The company said that in 2015, EMSS successfully passed the TAEK inspection and in January 2016 it was the first company which received the certificate for making semi-finished products for the Akkuyu NPP.
The Akkuyu NPP is being built in Turkey on the coast of the Mediterranean Sea. The project includes four reactors with a capacity of 1,200 MW each. It is planned that after the completion of construction the NPP will generate around 35 billion kWh of electricity a year. The operation life of the NPP is 60 years.

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