Business news from Ukraine

NOVA POSHTA INVESTS IN PURCHASING OF 2,000 PROTECTIVE SUITS FOR HOSPITALS

Nova Poshta group of companies has paid for sewing 2,000 special protective suits for doctors from Chernivtsi, the company said on Tuesday.
In the near future, a purchase order worth UAH 1 million will be completed and personal protective equipment delivered to the city’s hospitals.
According to the statement, assistance to Chernivtsi was provided under the decision adopted by the company on March 15 to allocate UAH 25 million for the purchase of medical equipment, supplies, medicines and personal protective means for medical institutions in Ukraine.
“In the near future, Nova Poshta will supply several more artificial lung ventilators to medical institutions. We continue to urge representatives of business, volunteers, and public organizations to join the honorable thing, to contribute and provide the country’s hospitals with everything necessary by joint efforts,” co-founder of the company Inna Popereshniuk said.
She also said that today the health and lives of millions of Ukrainians depend on the responsible social position of business as well.

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KOVALSKA INDUSTRIAL CONSTRUCTION GROUP INVESTS IN MODERNIZATION OF PRODUCTION COMPLEX

Kovalska Industrial Construction Group has invested UAH 80 million in the modernization of the production complex of PrJSC TNC Granit (Korosten district of Zhytomyr region), expects to increase the volume of crushed stone production in the quarry by 20%. “TNC Granit annually produces up to 1.4 million cubic meters of crushed stone. Updating the equipment will increase production by 20% … Kovalska allocated UAH 80 million of investments for the modernization of the quarry. The work lasted nine months. During this time the complex was updated by 30-40%,” the company’s press service said.
In particular, according to its data, 17 units of new equipment were put into operation as a result of the upgrade.
“From now on, our capacities allow us not only to provide the Kovalska group of companies with high quality raw materials, but also sell crushed stone to external partners,” Serhiy Pylypenko, the director general of Kovalska, said.
Kovalska has been operating in the construction market of Ukraine since 1956. It is the leading manufacturer of construction materials, the developer and builder of the country. It combines two quarries and nine factories manufacturing construction materials.
In addition, the group includes Kovalska Real Estate, which is engaged in construction of residential objects in Kyiv.

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ARCELORMITTAL INVESTS UAH 320 MLN IN UKRAINE IN 2018-2019 TO RESTORE LOCOMOTIVES

PJSC ArcelorMittal Kryvyi Rih (Dnipropetrovsk region) in 2018-2019 spent about UAH 320 million on the program to restore 27 locomotives.
According to a company press release, domestic and foreign analogues were used instead of Russian components during the overhaul of locomotives, thereby neutralizing Russian sanctions regarding the ban on the supply of spare parts and engines for diesel locomotives to Ukraine.
According to the press service, the plant has one of the largest railway fleets in the metallurgical complex: 172 locomotives (126 for servicing metallurgical production, 46 for mining). A few years ago, the company adopted an import substitution program. One of the main partners was Mykolaiv Diesel Locomotive Repair Plant, which established production cooperation with a number of Ukrainian and foreign manufacturers of various railways equipment.
Thanks to joint developments, Mykolaiv plant started installing diesel engines of well-known world companies, namely U.S.-based Cummins, UK-Belgian ABC Corporation, and others, on locomotives. In addition, the latest Heinzmann engine control systems (Germany), a rotary vane compressor jointly with the Italian company Mattei, a modern traction unit of alternating current (Electrotyazhmash), a microprocessor-based locomotive control system, etc. were installed on the machines.
Thanks to the measures taken, the plant in 2018–2019 got the opportunity to restore 11 diesel locomotives, in particular with the replacement of engines and deep modernization. In addition, 16 more cars were repaired on the basis of its two diesel locomotive repair depots.

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UKRAINIAN EPICENTER K INVESTS UAH 3 BLN IN AGRICULTURE

The agricultural division of the Epicenter K Group has launched two new silos and expanded the capacities of two more silos in Vinnytsia and Khmelnytsky regions and the number of own silos grew from six to eight and their total storage capacities expanded to over 800,000 tonnes.
According to the group’s press release, two new silo complexes were launched in Vinnytsia region: Vendychany (Mohyliv-Podilsky district) with a storage capacity of 120,000 tonnes and Vapniarka (Tomashpil district) with a storage capacity of 200,000 tonnes.
In addition, the reconstruction of the Vinnytsia elevator was completed, as a result of which its storage capacity was increased to 168,000 tonnes, the capacity of the Zakupne silo complex (Khmelnytsky region) also increased by 60,000 tonnes – after reconstruction, the enterprise can dry and store 105,000 tonnes of grain.
The investments of Epicenter K in the development and reconstruction of the silo business amounted to about UAH 3 billion.
According to the group, in the current season the new and upgraded silos of the company plan to accept about 50,000 tonnes of grain from external depositors for refinement and storage.
The Epicenter K said that the construction of a new silo in Vinnytsia with a capacity of 208,000 tonnes recently began. Work on the completion of the third phase of the Zakupne silo complex with a capacity of 184,000 tonnes is underway, as well as the restructuring of two more enterprises – Pererobnyk in Kyiv region, which storage capacities will expand by 105,000 tonnes, and Nemyriv silo complex in Vinnytsia region, where grain storage volumes will increase by 104,000 tonnes.
After the implementation of all projects, the silo grain storage capacity until the end of the 2019/2020 agricultural year will expand to 1 million tonnes. The company plans by the end of the 2020/2021 agricultural year to increase the company’s grain storage capacity to 2 million tonnes.
The total cost of projects for the development and reconstruction of silo complexes is estimated at UAH 4.6 billion.

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RISTONE HOLDINGS INVESTS EUR 2 MLN IN CONSTRUCTION OF OILSEED CRUSHING COMPLEX

The group of companies Ristone Holdings has invested EUR 2 million in construction of a second phase of the oilseed crushing complex of Ristone Oil LLC (Dnipropetrovsk region), the group has reported on its Facebook page.
According to the report, the company concluded a contract with Germany’s Convex International GmbH for the supply of drying and cleaning equipment from Petkus (Germany), transport equipment from Riela (Germany), four main and two auxiliary grain silos with a capacity of 20,000 cubic meters from Symaga firm (Spain).
“This will allow us to keep the quality at the highest level and increase the volume of the daily processing rate by more than two times, while minimizing emissions of pollutants,” the group said.
The main activity of the complex is the deep processing of oilseeds. Currently, Ristone Oil produces sunflower oil, granulated meal, expanded cake, and fuel pellets from production waste.
In the future, it is envisaged the possibility of placing a line of hydration and drying of phosphatides in the oil press workshop with a warehouse for their storage and subsequent loading to vehicles.

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DARNITSA PHARMACEUTICAL COMPANY INVESTS EUR 3.5 MLN IN DEVELOPMENT AND RESEARCH

Darnitsa pharmaceutical company in 2018 invested about EUR3.5 million in development and research (R&D), Dmytro Shymkiv, the head of the board of directors of Darnitsa Group, has said.
“Every year we invest about 10% of gross income in development and research. In 2018 the amount of such investments totaled EUR 3.5 million. In total, Darnitsa invested about EUR 200 million in development,” he said at a press conference in Kyiv.
Shymkiv said that in 2020-2022 Darnitsa plans to conduct 9-12 drug bioequivalence studies.
Since 2016, the company has completed eight such studies.
According to him, the development strategy of Darnitsa provides for three priority areas of the product portfolio: cardiology, neurological drugs, and pain therapy.
In 2019, the pharmaceutical company plans to bring 11 brands to the market, in 2020 some 14. In 2018, Darnitsa brought ten brands to the market.
Currently, the company’s product portfolio comprises 250 types of finished medicines.
Darnitsa pharmaceutical company is one of the ten largest pharmaceutical manufacturers in Ukraine and the top ten largest hospital suppliers. Its ultimate beneficiary is Hlib Zahoriy.

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