Business news from Ukraine

VILNOHIRSK PLANT TO DOUBLE SALES OF GLASS SAND IN UKRAINE

17 July , 2015  

KYIV. July 17 (Interfax-Ukraine) – Vilnohirsk state mining and metallurgical plant (Dnipropetrovsk region), part of state-run United Mining and Chemical Company plans to double supplies of glass sand to the Ukrainian market, United Mining and Chemical Company said in a press release on Thursday.

The company said that top managers of Vilnohirsk plant is mulling the possibility of glass sand supplies to Vilnohirsk Glass LLC, the largest bottle producer in the region, which is able to buy over 100,000 tonnes of sand every year.

Cooperation with Vilnohirsk plant would allow the company to save on logistics, while the plant will be able to boost sales of VS-30 glass sand.

“At present, Vilnohirsk plant supplies VS-30 glass sand only to OJSC Hostomel glass plant Vetropak. Supplies to Vilnohirsk Glass would allow us to double sales of sand on the domestic market,” Deputy Director General of United Mining and Chemical Company Oleksandr Hladushko said.

He said that monthly supplies to the future consumer could total over 4,000 tonnes.

The plant is able to produce 150,000 tonnes of glass sand a year. At present, the plant makes around 50,000 tonnes of sand.

Along with glass sand, the plant produces molding and construction sand which is supplied to metal and engineering companies.

“United Mining and Chemical Company is holding talks with another potential consumer of glass sand – Kostopil glass product plant. The company will be able to buy over 3,000 tonnes of sand every month,” Hladushko said.

United Mining and Chemical Company started operating from August 2014 when the Ukrainian government decided to transfer property of Vilnohirsk state mining and metallurgical plant and Irshansk state mining and processing plant to its management.

In January-March 2015, United Mining and Chemical Company saw UAH 44.866 million of net profit.