The ElectronMash plant (Lviv), which is part of the Electron corporation, and the Rivne NPP branch of the Energoatom National Nuclear Energy Company have signed a contract for the supply of five new large city buses for an estimated UAH 75.375 million (excluding VAT).
According to information in Prozorro, the agreement was signed on December 24 after ElectronMash was declared the winner of the relevant tender, in which it was the only participant.
According to the contract, with a total value of UAH 90.45 million (including VAT), the buses will be delivered within 245 calendar days from the date of receipt of the advance payment. A 30% advance payment (UAH 27.135 million) is provided for within 30 calendar days from the date of signing.
As reported, ElectronMash offered 12-meter low-floor Electron A18501 buses at a price of UAH 15.075 million (excluding VAT) each.
The buses were manufactured this year. They are equipped with a Cummins diesel engine that meets the Euro 6 environmental standard, a ZF automatic transmission, and an EBS system. Each bus is designed to carry more than 100 passengers (at least 30 seated), equipped with a folding ramp and seat belts in the passenger compartment to secure wheelchairs.
The Electron A18501 buses were first introduced by the manufacturer in 2016 and are currently in operation in Lviv and Uzhhorod.
The Rivne Nuclear Power Plant announced a tender for the purchase of five large buses on October 17 this year, with a delivery date of November 30, 2026. The auction was scheduled for October 28, but the customer postponed the deadline for submitting bids and its date several times.
As reported, the large Ukrainian bus manufacturer Etalon Corporation considered the tender conditions to be discriminatory, as they were written for the Turkish Temsa LF 12 bus, and also noted that for the announced price, it could offer seven Etalon buses instead of five. However, the customer did not change the tender conditions proposed by Etalon.
ElektronMash Plant LLC, in which Concern-Elektron JSC owns a 55% stake, specializes in the design and manufacture of trams, trolleybuses, electric buses, and city passenger buses, as well as aggregates and spare parts.
In 2024, the plant increased its net income by 87.7% compared to the previous year, to UAH 244 million, with a net profit of UAH 0.06 million, compared to UAH 0.9 million in 2023.
The US International Development Finance Corporation (DFC) approved a $40 million loan agreement for a 10-year term for one of the subsidiaries of Ukraine’s largest sugar producer, Astarta Agricultural Holding.
“DFC will co-finance with the International Finance Corporation capital investments and operating expenses related to the construction of a soybean protein concentrate (SPC) plant,” the agricultural holding company said.
According to Vyacheslav Chuk, director of commercial operations and strategic marketing at the agricultural holding, in September 2025, Astarta intends to continue investing in the construction of its soy protein concentrate plant in 2026, with investments amounting to approximately EUR 40 million.
In 2024, Astarta began investing in the construction of a plant for processing soybean meal into soy protein concentrate with a capacity of 500 tons/day (approximately 100,000 tons/year) in the Hlobyn Industrial Complex (Poltava region). The agricultural holding will invest over EUR 76 million in the purchase of equipment and technologies and will create 110 new jobs.
Astarta and its structural unit Astarta Agro Protein signed the first investment agreement with the Ukrainian government to receive compensation from the state for significant investments. Under the agreement, the state will provide the agricultural holding with a number of incentives, including exemption from import duties on new equipment, import VAT on new equipment, and income tax for up to five years.
Astarta is a vertically integrated agro-industrial holding company operating in eight regions of Ukraine and is the largest sugar producer in Ukraine. It comprises six sugar factories, agricultural enterprises with a land bank of 220,000 hectares, dairy farms with 22,000 head of cattle, an oil extraction plant in Hlobyn (Poltava region), seven elevators, and a biogas complex.
In the first half of 2025, Astarta reduced its net profit by 10.3% to EUR47.11 million, and its consolidated revenue decreased by 29.3% to EUR320.71 million.
In January-September 2025, the manufacturer of agricultural equipment and special-purpose machinery, JSC “Fregat Plant” (Pervomaisk, Mykolaiv region), increased its losses by 21% compared to the same period in 2024, to UAH 50.3 million.
According to the company’s financial report published in the information disclosure system of the National Securities and Stock Market Commission, net sales revenue decreased 3.8 times to UAH 35.2 million.
The company received UAH 10.5 million in gross profit (a year ago – UAH 50.7 million), and the loss from operating activities amounted to UAH 33.3 million, compared to a profit of UAH 16.3 million in January-September 2024.
“During the reporting period, the company focused its efforts on maintaining its customer base, supporting long-term partnerships with counterparties, and ensuring the economical and rational use of funds,” the report says.
The Fregat plant notes that the degree of utilization of fixed assets in the reporting period was 20%.
According to the plant, in the third quarter, the production of agricultural machinery for crop production accounted for 5.5% of the total volume of commercial products, and equipment for the processing industries of the agro-industrial complex accounted for 1.6%, while other types of products accounted for 92.9%.
The average salary in the third quarter of 2025 was 12.5% lower than in the same period of 2024, at UAH 10,900.
The Fregat plant specializes in the production of irrigation systems, road barriers, metal structures, as well as machine-building products and special-purpose machines.
As of October 1, 2025, it had an average of 126 employees, with 85 at the Eastern branch and 10 at the Dnipro branch (both in Pervomaisk).
As reported, in 2024, the plant increased its losses by 58% compared to 2023, to UAH 60.4 million, while its net income increased by 34.6%, to UAH 188.6 million.
The Unisteel plant (Kryvyi Rih, Dnipropetrovsk region), which produces galvanized cold-rolled flat products and is part of the Metinvest Group, incurred a net loss of UAH 6.389 million in January-September this year, compared to UAH 196.913 million in the same period last year.
According to the company’s interim report, which is available to the Interfax-Ukraine agency, its profit in the third quarter of 2025 amounted to UAH 37.532 million.
Revenue for this period increased by 0.3% to UAH 2 billion 653.726 million.
The uncovered loss at the end of September amounted to UAH 1 billion 46.731 million.
The LLC ended 2024 with a loss of UAH 363.768 million, while in 2023 this figure was UAH 255.057 million.
The main products manufactured by the plant are galvanized flat rolled products with a thickness of 0.40 mm to 2.50 mm, a width of 600 to 1250 mm, and a coating class (Zn) of 60-275 g/m². The volume of finished product sales in 2024 and 2023 amounted to 113,321 thousand tons and 72,500 thousand tons, respectively. In 2024, 37,917 thousand tons (32.46%) were exported and 75,404 thousand tons (66.54%) were sold on the domestic market.
In 2024, the company employed 144 people.
The Unistil plant, which produces cold-rolled galvanized flat products with a capacity of over 100 thousand tons per year, was built in 2007-2010. It is equipped with equipment from Dongbu Machinery Co., LTD (South Korea).
The authorized capital of Unistil LLC is UAH 6.01 million.
Metinvest is a vertically integrated group of mining and metallurgical enterprises. Its enterprises are located in Ukraine – in the Donetsk, Luhansk, Zaporizhzhia, and Dnipropetrovsk regions – as well as in European countries. The main shareholders of the holding company are SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the managing company of the Metinvest Group.
The Kametstal plant, part of the Metinvest mining and metallurgical group, established on the premises of the Dniprovsky Metallurgical Combine (DMK, Kamianske, Dnipropetrovsk region), earned a net profit of UAH 1 billion 345.153 million in January-September this year, while the same period in 2024 ended with a net loss of UAH 625.830 million.
According to the company’s interim report, available to the Interfax-Ukraine agency, profit in the third quarter amounted to UAH 711.232 million.
Net income for this period increased by 9% to UAH 42 billion 454.272 million.
The uncovered loss at the end of September amounted to UAH 493.835 million.
The plant ended 2024 with a loss of UAH 237.705 million, while in 2023 it amounted to UAH 912.333 million. The plant ended 2022 with a net loss of UAH 883.119 million, while in 2021 it received a net profit of UAH 120.277 million.
KAMETSTAL was established on the basis of PJSC Dniprovsky Coke Chemical Plant (DKHP) and CMK PJSC Dniprovsky Metallurgical Plant (DMK). The average number of full-time employees in the third quarter of 2025 was 7,226.
According to the NDU for the third quarter of 2025, Metinvest B.V. (Netherlands) owns 100% of the company’s shares.
The authorized capital of PJSC Kametstal is UAH 170.584 million.
According to Serbian Economist, Chinese company Haitian International is launching pilot production at its new plant in Ruma (Vojvodina, Serbia), creating one of the largest production complexes in the region.
The project involves the construction of a factory with an area of up to 250,000 m² in the Rumska petlja industrial zone.
The initial phase includes approximately 59,000 m² for a production building, office building, and canteen. During the pilot phase, it is planned to produce up to 2,500 Mars and Jupiter series injection molding machines per year.
The total investment is estimated at around €100 million. In the first phase, the plant will employ about 300 people with salaries ranging from €650 to €1,000.
The city administration of Ruma and the Serbian government noted that the project will make a significant contribution to regional industrial dynamics and create new jobs. The plant will enable the Chinese investor to reduce logistics costs and serve the markets of Europe, the Middle East, and India more quickly.
The Serbian authorities consider the Haitian project to be strategic for the industrialization of Vojvodina and strengthening the inflow of foreign investment. The launch of pilot production in Ruma will strengthen Serbia’s industrial cluster and create the conditions for further technological investments.
Haitian International is a major Chinese manufacturer of injection molding machines, presses, and automated equipment. The plant in Ruma will be the company’s first significant production base in the Balkans.
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