Business news from Ukraine

UKRAINE INCREASES STEEL PRODUCTION BY 8% IN MAY

Ukrainian metallurgical enterprises in May 2019 increased steel production by 7.8% compared to the same period in 2018, to 1.827 million tonnes, stepping down from 12th place to the 13th in the ranking of 64 countries, the major global manufacturers of these products, compiled by the World Steel Association (Worldsteel). An increase in steel production in most of the top ten countries, except for Japan, Russia, Germany, and Turkey was recorded in May.
The top ten producer countries in May are as follows: China (89.091 million tonnes, an increase of 10%), India (9.196 million tonnes, an increase of 5.1%), Japan (8.676 million tonnes, a decline of 4.6%), the United States (7.653 million tonnes, an increase of 5.4%), South Korea (6.371 million tonnes, an increase of 2.2%), the Russian Federation (5.95 million tonnes, a decrease of 2.7%), Germany (3.47 million tonnes, a drop of 6.2%), Turkey (3.063 million tonnes, a decrease of 8%), Brazil (2.751 million tonnes, an increase of 2.9%), and Iran (2.235 million tonnes, an increase of 3.8%).
They are followed by Italy (2.215 million tonnes, a growth of 1.1%), Taiwan (China, 2.04 million tonnes, a decrease of 2.6%) and Ukraine (1.827 million tonnes, an increase of 7.8%).
In May, 64 countries produced 162.744 million tonnes of steel, which is 5.4% more than in May 2018.
In January-May 2019, 64 countries produced 764.072 million tonnes of steel, which is 5% more than in the same period last year.

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MPF WEIDMANN PAPER FACTORY INCREASES PRODUCTION BY 8%

Private joint-stock company Weidmann Malyn paper factory (MPF, Zhytomyr region), the only producer of electrical insulating board for power engineering machines in Ukraine, increased production by 8.6% in January-May 2019 compared with January-May 2018, to UAH 294.48 million.
According to the UkrPapir association, in kind the factory’s production remained unchanged – 2,790 tonnes, while transformer board output grew by 29.7%, to 2,190 tonnes.
MPF Weidmann is a member of the WICOR international group, the only company in Eastern Europe that can supply almost all kinds of electrical insulating paper and cardboard meeting regional and international standards.
In 2018, the factory increased production of commodity goods by 7.7%, to almost UAH 636.46 million.

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UKRAINIAN GRAIN PRODUCTION WILL INCREASE TO 94 MLN TONNES THIS YEAR

Grain production in Ukraine in the 2019/2020 MY (marketing year, July-June) will increase to 94 million tonnes (in the 2018/2019 MY the figure was 92 million tonnes), President of the Ukrainian Grain Association (UGA) Mykola Horbachev has said at a press conference. “We expect 94 million tonnes of grain. Any overproduction will be in demand in the foreign market. Over the next three to four years, we expect production to increase to 100 million tonnes, and exports to 70 million tonnes,” he said.
According to him, areas under grain crops in Ukraine are stable, and the volume of production depends on the climate. Western regions of Ukraine are leading in production, and this trend will continue.
The expert also stressed that in the current season the maximum monthly volume of grain transshipment was 6 million tonnes, which dispels doubts whether the country will be able to increase exports to 70 million tonnes of grain in future.

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ANTONOV STATE ENTERPRISE AND INTERIOR MINISTRY IN AUTUMN TO SIGN CONTRACT FOR PRODUCTION OF 13 NEW TRANSPORT AN-178S FOR EMERGENCY SERVICE, NATIONAL GUARD

Antonov State Enterprise (Kyiv), part of Ukroboronprom state concern, is expected by the end of the year to receive a firm order from the Interior Ministry for the production of 13 new transport An-178 aircraft with a lifting capacity of 18 tonnes for the State Emergencies Service and the National Guard of Ukraine.
According to the press service of the state concern, within a preliminary agreement of the parties announced by Interior Minister Arsen Avakov at the 53rd international aerospace show Le Bourget 2019 (France), the signing of a contract to build 13 new An-178s for the ministry agencies is scheduled for autumn.
According to President of Antonov State Enterprise Oleksandr Donets, in the near future the enterprise plans to complete the design and certification of new An-178 airplanes, which is expected to be equipped with Ukrainian, American and European equipment. The transfer of the first aircraft to the customer is preliminarily scheduled for 2021-2022.
Head of Ukroboronprom Pavlo Bukin noted the production of aircraft for the domestic customer is considered to be the key condition for the resumption of serial production of aircraft in Ukraine.

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MILK PRODUCTION IN UKRAINE IN JAN-MAY DECREASES BY 3%

Milk production in Ukraine in Jan-May decreases by 3%
KYIV. June 14 (Interfax-Ukraine) – Milk production in Ukraine in January-May 2019 decreased by 2.8% compared to the same period of 2018, to 3.8 million tonnes. According to the State Statistics Service, over the five months, farmers produced 1.4 million tonnes of meat (live weight), which is 5.2% more than in the same period of 2018.
Egg production rose by 6.7%, to 7.026 billion units.

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UKRAINE INCREASES GAS PRODUCTION BY 3.4%

Natural gas production in Ukraine grew 3.4% year-on-year in January-May 2019, to 8.797 billion cubic meters, the Energy and Coal Industry Ministry of Ukraine has told Interfax-Ukraine. According to calculations of Interfax-Ukraine, Ukrgazvydobuvannia produced 6.44 bcm of gas, up 2.46%, Ukrnafta produced 481.396 million cubic meters, up 11.2%, and other companies produced 1.876 bcm, up 5%.
In May-2019 gas production amounted to 1.782 bcm (a rise of 2.76% by May 2018), including production by Ukrgazvydobuvannia amounted to 1.3 bcm (a rise of 1.5%), Ukrnafta – 98.4 mcm (a rise of 11%), other companies – 383.1 mcm (a rise of 5.3%).

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