Business news from Ukraine

DTEK OIL & GAS INCREASES GAS PRODUCTION IN H1

DTEK Oil & Gas produced over 960 million cubic meters of gas in January-June 2021, which is 10% more than in the same period in 2020, the company said.
“DTEK Oil & Gas is steadily increasing gas production thanks to systemic investments and the introduction of innovative technologies,” CEO of the company Ihor Schurov said.
The company is reportedly planning in the fourth quarter of this year to complete a large infrastructure project to build a refrigeration unit to optimize production at Machukhske field (Poltava region).
DTEK Oil & Gas has also already started geological exploration and office work in new deposits – Budyschansko-Chutivska and Zinkovska fields, which supplemented the company’s asset portfolio in 2020, the report says.
DTEK Oil & Gas recalled that in general, in 2021, the company is carrying out a program of drilling, workover and stimulation at base fields in Poltava region: during the first half of the year, the company commissioned two new wells, as well as carried out workover and stimulation operations at 21 wells of the operating stock.

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DMZ INCREASES PRODUCTION OF ROLLED PRODUCTS BY 12 TIMES IN H1

PrJSC Dniprovsky Metallurgical Plant (DMZ, formerly Evraz-DMZ), part of DCH Steel from DCH Group of businessman Oleksandr Yaroslavsky, in January-June this year increased the output of finished rolled products 12 times compared to the same period last year – up to 117,500 tonnes from 10,000 tonnes. According to the company, in January-June of this year, DMZ also increased the production of pig iron to 151,400 tonnes from 18,000 tonnes (an increase of 8.4 times) and steel up to 144,000 tonnes from 13,000 tonnes (11 times more). Coke production increased by 5.3% compared to the same period last year, to 242,200 tonnes.
DMZ in June 2021 increased the production of pig iron in comparison with the same period last year by 38%, to 24,700 tonnes, steel – by 102.2%, to 27,100 tonnes, rolled products – by 100.9%, up to 21,500 tonnes. Coke production remained at the level of 40,000 tonnes.
The metallurgical workshops of the DMZ resumed work after a downtime in May-June 2020, before that, for seven months, the plant produced only coke-chemical processing products.
The plant specializes in production of steel, cast iron, rolled products and products from them. In 2020, the plant reduced steel output by 66% compared to 2019 – to 175,000 tonnes, pig iron – by 67.3%, to 160,000 tonnes, rolled products by 68.4%, to 140,000 tonnes.
On March 1, 2018, DCH Group signed a purchase agreement of Evraz DMZ.

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NIKOPOL FERROALLOY PLANT RAISES PRODUCTION BY 12.5%

Nikopol Ferroalloy Plant (NFP, Dnipropetrovsk region) in January-May this year increased production by 12.5% compared to the same period last year, to 259,690 tonnes.
As the Ukrainian Association of Producers of Ferroalloys and Other Electrometallurgical Products told Interfax-Ukraine, in the five months, the plant increased production of silicon manganese by 9.6%, to 236,710 tonnes, and ferromanganese – by 53.9%, to 22,980 tonnes.
In May, 59,290 tonnes of ferroalloys were produced.
Nikopol Ferroalloy Plant is Ukraine’s largest ferroalloy smelter. It uses imported and domestic raw materials for the production of ferroalloys.
Nikopol plant is controlled by EastOne Group, established in autumn 2007 as a result of restructuring of Interpipe Group, and Privat Group, both based in Dnipro.

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PRODUCTION OF ANIMAL PRODUCTS IN IN JAN-MARCH 2021

PRODUCTION OF ANIMAL PRODUCTS IN IN JAN-MARCH 2021

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LARGEST UKRAINIAN SUGAR PRODUCER WILL LAUNCH PRODUCTION OF SUGAR SYRUP

Agroholding Astarta, the largest sugar producer in Ukraine, in July will invest UAH 500,000 in the installation of a technological line for the production of inverted sugar syrup at Novoorzhytske sugar plant (Novoorzhytske, Poltava region), the release of the first batch of products is planned for August 2021, the company’s press service said.
“The main consumers of inverted syrup will be Ukrainian beekeepers. This product can be used to feed bees, since it allows you to preserve the offspring of bee colonies and increase their productivity. Our product will allow beekeepers to increase the efficiency of their apiaries, introduce modern technologies in this process and maintain a leading position in honey production in the world,” curator of the project Ivan Chepak said.
According to the company, inverted sugar syrup is also in demand in confectionery industry, and if the pilot project is successfully implemented, Astarta will expand its production and expand sales markets. Developing this project, the company is increasing the volume of products with a higher degree of processing, forming the added value of its products, the report explains.
As reported, Astarta is a vertically integrated agro-industrial holding operating in eight regions of Ukraine. It includes five sugar factories, agricultural enterprises with a land bank of 220,000 hectares and dairy farms with 22,000 animals, seven elevators, a biogas complex and a soybean processing plant in Poltava region (Globino Processing Plant LLC).

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ASTARTA STARTS INVERT SUGAR SYRUP PRODUCTION

ASTARTA expands its product range and launches a pilot project on invert sugar syrup production. The initial batch is scheduled for August 2021.
The process of technological reequipment of the enterprise has already started. A special processing line will be installed at the Novoorzhytskiy sugar factory in the first half of July. The total investments are UAH0.5m.
– The main consumers of the first batch of inverted syrup will be Ukrainian beekeepers. This product can be used as feeding during the overwintering of bee colonies and helps to increase their productivity. It will also allow beekeepers to increase efficiency in their apiaries, introduce modern technologies and maintain a leading position in honey production in the world, – said project manager Ivan Chepak.
Invert sugar syrup is in demand with the confectionery industry as well. Therefore, in case of successful implementation of the pilot project, ASTARTA plans to increase the production of invert syrup and expand the marketing capabilities.
Thus, forming the added value of its products, ASTARTA increases the volume of products with a higher degree of processing, creates efficient production with a closed technological cycle and performs technical and technological reequipment of its enterprises.

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