Business news from Ukraine

Business news from Ukraine

Metinvest to invest over UAH 2.5 bln in modernizing Kametstal in 2025

The Kametstal plant, part of the Metinvest mining and metallurgical group (Kamensk, Dnipropetrovsk region), has significantly increased its production of continuously cast steel billets using the stop casting technology due to increased demand.

According to the company, one of the current trends in the metal market is increased demand for continuously cast steel billets using the stop casting technology.

“Thanks to systematic measures, the team at Kametstal’s converter shop exceeded its initial targets for this year and achieved a monthly production of 15,000 tons of high-quality billets at the continuous casting machine (CCM-1), which is twice as much as last year’s monthly production volumes,” the press release states.

At the same time, it is noted that the development and improvement of steel casting technology using stop mechanisms on the continuous casting machine (CCM) No. 1 remains in the focus of the company’s specialists, as it allows them to obtain metal with higher requirements for chemical composition and macrostructure, which yields higher profits than conventional billets. One of the primary goals set by the steelmakers is to increase the production of billets using this technology, and they are persistently pursuing this goal. This year, 58,433 thousand tons of high-quality billets have already been cast on the first machine, thus exceeding the annual production volume for 2024 by more than 5 thousand tons in eight months.

“Among the priority measures for achieving ambitious goals is the development and improvement of the parameters for the automatic start of the machine’s streams during stop casting, which has a positive effect on the quality and productivity of casting by minimizing the human factor in the process. While at the beginning of 2025, successful starts of the continuous casting machine in “Auto Start” mode accounted for almost 80%, today, technologists are already performing more than 90% of successful starts without switching to manual mode,” the plant emphasizes.

Also this year, as part of the program to upgrade the main steelmaking equipment, an investment project was implemented – during the first stage of reconstruction at continuous casting machine No. 1, frequency converters and cable and wire products were replaced, and the software was updated. As a result, the operation of the pulling stoves has improved, and thus the smoothness of pouring and the stability of launches.

After the implementation of this investment project, the first machine achieved a record production of high-quality hot-rolled coils in July – 16,159 thousand tons, while last year the maximum monthly production of such products was 8,256 thousand tons.

An important vector is the increase in the seriality of melts during stop casting of steel. Additional technological measures have made it possible to achieve an average seriality of almost six melts this year, while the average seriality in 2024 was 5.3 melts.

As reported, Metinvest will invest more than UAH 2.5 billion in the modernization of Kametstal in 2025.

Kametstal is part of the Metinvest Group.

 

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In August, pig iron production increased to 747,500 tons

In January-August 2025, Ukrainian metallurgical enterprises increased pig iron production by 8% compared to the same period last year, to 5.109 million tons.

According to Ukrmetallurgprom, pig iron output in August amounted to 747,500 tons, compared to 621,100 tons in July.

For comparison, in 2024, Ukraine produced 7.090 million tons of pig iron (+18.1%), in 2023 – 6.003 million tons (-6.1%), in 2022 – 6.391 million tons (-69.8% compared to pre-war 2021).

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Rolled steel production in Ukraine fell by 1.4% in eight months

Ukrainian metallurgical companies reduced their total rolled steel production by 1.4% in January-August 2025 compared to the same period last year, from 4.318 million tons to 4.256 million tons.

According to the Ukrmetallurgprom association, 633,200 tons of rolled steel were produced in August, compared to 552,000 tons in July.

As reported, Ukraine increased rolled steel production by 15.8% in 2024, to 6.222 million tons. In 2023, this figure increased by 0.4% to 5.372 million tons, and in 2022, it decreased by 72% compared to 2021.

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Zaporizhkox increased coke production to 592,600 tons since beginning of year

PJSC Zaporizhkox, one of Ukraine’s largest producers of coke and chemical products and a member of the Metinvest Group, increased its blast furnace coke production by 1.46% in January-August this year compared to the same period last year, from 584,100 tons to 592,600 tons.

According to the company, 79.6 thousand tons of coke were produced in August, compared to 78.9 thousand tons in the previous month.

As reported, Zaporizhkox increased its production of blast furnace coke by 2.1% in 2024 compared to 2023, to 874,700 tons from 856,800 tons.

In 2023, Zaporizhkox increased its blast furnace coke output by 16% compared to 2022, to 856,800 tons from 737,400 tons.

Zaporizhkox has a complete technological cycle for processing coke chemical products.

Metinvest is a vertically integrated mining group of companies. Its main shareholders are SCM Group (71.24%) and Smart Holding (23.76%). Metinvest Holding LLC is the managing company of the Metinvest Group.

 

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Denmark is ready to host Ukrainian defense companies on its territory

Danish Defense Minister Troels Lund Poulsen said that Ukrainian defense companies may soon start production in Denmark.

“The second thing I will mention today is what could be called the ‘Danish model 2.0’. I hope that in a few weeks we will invite the first Ukrainian defense company to start production here in Denmark, in a safe environment,” he said during a briefing with EU foreign policy chief Kaja Kallas on Friday.

Poulsen noted that he expects other Ukrainian defense companies to join the process later this year. “And I believe that this will also be a way to provide even more support to Ukraine,” he stressed.

The minister also said that he discussed this initiative during his visit to Kyiv on Sunday. “During this visit, I had the opportunity to talk to both President Zelensky and the new Minister of Defense Denys Shmyhal about the prospects of inviting Ukrainian defense companies to start production here in Denmark. And they fully support this idea,” he said.

https://interfax.com.ua/

 

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Carlsberg Ukraine increased production by 8% in 2024, with profits reaching UAH 2.2 bln

PrJSC Carlsberg Ukraine, a producer of beer, non-alcoholic and alcoholic beverages, increased its production by 8% in 2024, which allowed it to increase its net income from sales by 15.5%.

According to a report in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), Carlsberg Ukraine PJSC’s net financial result for 2024 increased by 19.38% and amounted to UAH 2.2 billion.

“The increase was due to revenue from the sale of all types of products, but mainly from the sale of non-alcoholic beverages (+49.6%) and cider (+33.6%),” the company explained, adding that 96.3% of the products manufactured were sold in Ukraine, with the remaining 3.7% exported.

PrJSC Carlsberg Ukraine continued its operations throughout 2024 and exported its products directly from Ukraine to more than 20 countries around the world. At the same time, the company used 100% Ukrainian barley to manufacture its products in order to support local farmers and the Ukrainian economy.

Currently, beer accounts for 86% of Carlsberg Ukraine’s production, cider for 1%, and non-alcoholic beverages for 13%.

According to the company, as a result of modernization and the launch of new lines, by the end of 2024, its market share by segment within the framework of innovations was as follows: alcoholic beer – 30%, non-alcoholic beer – 42.7%, kvass – 35%, cider – 55.8%, energy drinks – 6%.

PJSC Carlsberg Ukraine referred to data from the industry association Ukrpivo, according to which the company currently holds 33.3% of the market in the “alcoholic beer” category. The sales leaders in the group’s portfolio for 2024 were products under the Lvivske, S&R’s Garage, and Tuborg brands.

Somersby cider and Kvas Taras continue to occupy leading positions in their product categories.

According to the State Fiscal Service, Carlsberg Ukraine PJSC was included in the list of Ukraine’s largest taxpayers in 2024 and paid UAH 3.401 billion to the country’s budgets at all levels in the form of taxes and fees.

The company’s management emphasized that there is only one significant factor of uncertainty that could raise significant doubts about the company’s ability to continue its operations without interruption: a further significant escalation of military action, which could destabilize operations in Ukraine. In such a case, the Ukrainian representative office relies on the parent company having sufficient resources to continue its operations. At the same time, the Ukrainian division has promised to make every effort and take all possible measures to minimize any negative consequences.

According to data from Opendatabot, in 2024, Carlsberg Ukraine PJSC increased its revenue by 15.5% to UAH 12.488 billion, net profit by 19.4% to UAH 2.18 billion, debt obligations by 34.9% to UAH 5.11 billion, and assets by 33.1% to UAH 13.84 billion. The company currently employs 1,310 people.

Carlsberg Ukraine is part of the Carlsberg Group, one of the world’s leading brewery groups with a large portfolio of beer and other beverage brands. Carlsberg Ukraine includes factories in Zaporizhia, Kyiv, and Lviv. Carlsberg’s portfolio in Ukraine includes beer, alcoholic and non-alcoholic beverages of such brands as Lvivske, Robert Doms, Baltika, Carlsberg, Tuborg, Kronenbourg 1664, Arsenal, Kvas Taras, Somersby, etc.

 

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