News from Ukrainian Companies |
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February 2007
Mittal Steel Kryviy Rih to invest USD 130 million in ore mining by 2009
Mittal Steel Kryviy Rih (formerly Kryvorizhstal), aims to spend more than USD 130 million developing its iron ore mining division in a bid to boost output to 30 million tonnes of iron ore by 2009. The mill produced 18.296 million tonnes of crude iron ore in 2006 and aims to produce 20.5 million tonnes in 2007. The company plans to produce 8.25 million tonnes of iron ore concentrate and 8.26 million tonnes of sinter this year. Mittal Steel Kryviy Rih is Ukraine's biggest steel mill and partner of Metal-Forum of Ukraine.
28.02.2007 Source: press service of Mittal Steel Kryviy Rih
Ukrainian Powder Metallurgy Plant boosts output 47% in January 2007
The state-owned Brovary Powder Metallurgy Plant in the Kyiv region raised
production of iron powder tentatively 46.8% year-on-year in January
to 530 tonnes. The plant raises output 7.7% in 2006 to 5,873 tonnes.
The plant exports most of its iron powder to Russia, Belarus, Turkey
and Germany.
28.02.2007 Source: Interfax
Ukrainian Fabricator ups copper roll production 21% in January 2007
Artemivsk Nonferrous Metals Processing Plant (AZOTsM) of Ukraine's Donetsk
region boosted copper roll production 21.1% year-on-year in January
to 3,330 tonnes. Production rose 13.7% in 2006 to 48,100 tonnes. The
plant is Ukraine's only producer of flat and round products from copper,
copper alloys and other nonferrous metals, traditional participant of
Metal-Forum of Ukraine. It specializes in sheet, strip, tubes, bars,
wire rod, wire, bathroom fittings and consumer goods, selling 85% of
its output in Ukraine.
28.02.2007 Source: Interfax
Ukrainian President visited NTRP
Victor Yushchenko has visited the Nyzhnyodniprovsky Tube Rolling Plant
in Dnipropetrovsk to attend a presentation of a USD 610 mln project
to build an electric steel smelting complex, which will replace its
outdated open-hearth furnace.
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27.02.2007 Source: Press office of President Victor Yushchenko
InterPipe and Danieli sign contract for construction of electric
furnace steel-making complex
The Ukrainian company InterPipe and the Italian company Danieli have
signed contract on construction of new electric furnace steel-making
complex at Nyzhniodniprovsky Pipe Plant. The target capacity is 1.32
million tonnes of steel annually. The project realization will take
26 months. The new complex will completely satisfy the demand of Interpipe
wheel and pipe production in steel.
26.02.2007 Source: Interfax
Ilyich Steel Mill to invest USD 100 million in 2007
Illich Iron & Steel Works of Mariupol in Donetsk region will spend
more than UAH 550 million on refurbishments this year. Illich plant
planned to build or renovate core equipment in 11 divisions. It is planned
to install a coal injection unit for blast furnaces and to install a
ladle furnace and degasser in its converter division, among other projects.
OJSC Ilyich Iron & Steel Works of Mariupol is one of Ukraine's three
biggest steel mills and partner of Metal-Forum of Ukraine.
26.02.2007 Source: Interfax
Mykolaiv Alumina Plant edges output up 0.7% in January 2007
Ukraine's Mykolaiv Alumina Plant, also known as NGZ, the FSU's biggest
alumina producer, raised output 0.7% year-on-year in January to 120,200
tonnes of alumina. Production rose 3.3% to 1.41 million tonnes in 2006.
Russian aluminum giant Rusal controls NGZ.
26.02.2007 Source: Interfax
Metalloinvest starts KGOKOR project
The Russian management company Metalloinvest has started
to implement a project to complete the construction of the Kryvy Rih
Mining and Beneficiation Plant for Oxidized Ores (KGOKOR). The Ukrainian
government is forming a joint venture to complete KGOKOR. The state
will own 50% plus one share in the venture, and the alliance of Russia's
Metalloinvest and Ukraine's Smart Group will own the rest. Preliminary
estimates put the cost of completing KGOKOR at $804 million. Canadian
engineering company Hatch is now appraising the complex's assets.
13.02.2007 Source: Interfax
EBRD allocates USD 85 million to ISTIL
The European Bank for Reconstruction and Development has allocated a
five-year USD 85 million loan to Donetsk Mini Steel Mill ISTIL (Ukraine).
The loan allocated to ISTIL Ukraine is made up of a USD 40 million loan
to fund working asset requirements and a term loan of USD 45 million
that will be used to increase energy efficiency, to install a quality
control system and to refinance debt. CJSC Mini Steel Mill ISTIL is
one of the most advanced steel mills in Ukraine and partner of Metal-Forum
of Ukraine.
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13.02.2007 Source: EBRD press release
Khartsyzsk Pipe Plant doubles output of large-diameter pipes in
January
The Khartsyzsk Pipe Mill increased production of large-diameter pipes
by 110% year-on-year to 55,900 tonnes in January 2007. Production of
pipes with anticorrosion coating grew 130% to 50,000 tonnes in January.
Production is expected to grow with the implementation of a comprehensive
modernization program that is part of the development strategy of the
Metinvest group, of which Khartsyzsk is a unit.
10.02.2007 Source: Press service of Khartsyzsk Pipe Mill
Smart-Group to invest about USD 1B into Makiyivka Metallurgical
Plant reconstruction
Zaporizhia-based Smart-group is to invest about $1 billion into the
reconstruction of CJSC Makiyivka Metallurgical Plant in order to improve
its production efficiency and increase the plant's output capacity.
The plan of plant development foresees the construction of own sinter
plant, a blast furnace, the modernization of steel smelting facilities
and the complete reconstruction of the plant's energy system. The Smart
Group is also mulling the construction of a converter plant, which would
include two converters with a volume of 180-220 tonnes.
10.02.2007 Source: Press service of Smart-Group
IUD importing coking coal from Canada, Poland
Industrial Union of Donbas (IUD) has begun importing coking coal from
Canada and Poland. Ukraine also imported 537,000 tonnes of coking coal
from Russia in January. Production of coking coal at Ukrainian mines
has been declining since the beginning of this year, forcing consumers
to import. Ukrainian steel companies plan to produce 33 million to 35.2
million tonnes of pig iron in 2007, and production of general roll is
expected to total 37.5 million tonnes. In order to realize these plans,
it will be necessary to import 11 million to 13 million tonnes of coking
coal due to supply shortages in Ukraine. The coal is expected to come
from Russia, Poland and China.
Source: Coke Industry Association Ukrkoks
AMC allows Industrial Group to control Ukrainian Mining and Metallurgical
Company
The Antimonopoly Committee of Ukraine (AMC) has allowed the Industrial
Group to obtain control over the Ukrainian Mining and Metallurgical
Company. Industrial Group is owned by Industrial Union of Donbas (IUD)
with 40% and Arcelor with 60%. Ukrainian Mining & Metallurgical
Company, a partner of Metal-Forum of Ukraine, has about a 20% share
of the domestic market for steel products. The company has the most
extensive network of regional enterprises, which now operate in 20 regions
of Ukraine.
08.02.2007 Source: AMC press service
New CEO named at Leman-Ukraine
Oleg Olshansky has been appointed the new general director of Leman-Ukraine,
the largest metals trader in the country. Olshansky, who formerly headed
Germany-based nuclear fuel services firm Internexco GmbH, replaces Nikolai
Boichenko, who resigned. Leman-Ukraine has nine service centers in Ukraine
with combined warehouse capacity for up to 100,000 tonnes of metal products.
07.02.2007 Source: Interfax
Ukraine's Interpipe switching subsidiaries to common brand
The Interpipe group, Ukraine's largest manufacturer of pipe products
and railroad wheels, is switching its subsidiaries to a common brand.
Shareholders of the group's Niko Tube Seamless Pipe Plant and Nikopol
Pipe Company decided at the end of January to include the Interpipe
brand in their names. Shareholders of the group's Nizhnedniprovsky Pipe
Rolling Works (NDTZ) will also consider a name change at a meeting on
February 9. Interpipe has a 4.1% share of the world market for seamless
pipes, and 10% share of the railroad wheel market. It was reported earlier
that Interpipe is planning an initial public offering in 2008-2009.
07.02.2007 Source: Interfax
Niko Tube Seamless Pipe Plant to invest USD 30 million in 2007-2009
Interpipe said that Niko Tube's investment program for 2007-2009 would
total more than USD 30 million. The money will be spent on expanding
production capacity and broadening the product line. Key projects will
include launching production of long boiler pipes to foreign standards;
modernization of continuous finishing lines; construction of a new heat-treatment
line; expanding production of tubing string with upset ends; overhauling
the rotary furnace; construction of a final finishing shop for smooth
export pipes; and installation of new non-destructive quality control
equipment. Niko Tube is Ukraine's largest producer of seamless pipe
with diameter of 32 to 114 mm for the oil refining, geological exploration
and the engineering sector, as well as general-purpose pipes. The plant
has capacity to produce more than 280,000 tonnes per year.
07.02.2007 Source: Interfax
Nikopol Pipe Company to invest USD 80 million in the next two years
Nikopol Pipe Company's investment program for the next two years will
top USD 80 million. The company plans to build a new heat-treatment
line, install a finishing line for oil and gas pipes, and install a
new non-destructive quality control line. Nikopol Pipe Co. specializes
in seamless steel pipes with diameter of 146 to 325 mm for the oil and
gas industry, engineering sector and general-purpose pipes. It can produce
more than 200,000 tonnes per year.
07.02.2007 Source: Interfax
Kiev firm buys 97% of Nikopol Pivdennotrubny Pipe Works
Kiev-based Transportation-Investment Technologies bought 96.67% of Nikopol
Pivdennotrubny Pipe Works (NPTZ), the country's largest producer of
geological exploration pipes, tubing string and rolled pipes for high-pressure
boilers. The company won the tender with a bid of UAH 352.62 million,
just barely above the starting price of UAH 352.614 million.
07.02.2007 Source: Interfax
Ukraine boosts iron ore pellet output in January
Poltava GOK (PGOK) raised commercial pellet production tentatively 41.2%
year-on-year in January to 802,000 tonnes of pellets. Iron ore concentrate
production grew 35% to 929,000 tonnes.
Pivnichny GOK (PivGOK) mine raised commercial pellet production 40%
to 851,000 tonnes. Iron ore concentrate output rose 7.7% to 1.05 million
tonnes.
Tsentralny GOK or Central Mining and Beneficiation Plant reduced iron
ore pellet output 1% year-on-year in January to 203,000 tonnes. Concentrate
production rose by 4.8% to 503,000 tonnes.
Inhulets Mining and Beneficiation Plant, Ukraine's biggest iron ore
concentrate producer, raised iron ore concentrate production 8.7% year-on-year
in January to 1.001 million tonnes. Crude ore production rose 15.4%
to 2.589 million tonnes.
07.02.2007 Source: Interfax
Ukraine raises ferroalloy output in January
Nikopol Ferroalloy Plant (NZF), Ukraine's biggest ferroalloy producer,
raised ferroalloy production 20.8% year-on-year in January to 89,300
tonnes. The company produced 63,900 tonnes of silicon manganese against
56,100 tonnes in the first month of last year, and 25,400 tonnes of
ferromanganese (16,900 tonnes). The works raised ferroalloy output 10.2%
to 892,900 tonnes in 2006.
Zaporizhia Ferroalloy Works (ZZF) edged ferroalloy production up tentatively
0.5% year-on-year in January to 42,800 tonnes. Production rose 2.7%
to 30,000 tonnes of silicon manganese and 7.3% to 5,900 tonnes of ferrosilicon,
but fell 24.3% to 5,600 tonnes of ferromanganese. ZZF produces all of
the country's medium- and high-carbon ferromanganese and all of its
90%-metallic manganese.
07.02.2007 Source: Interfax
Polish Aluminium Kety to launch production in Ukraine
Polish aluminum firm Grupa Kety expects to launch production in Ukraine
within ten days and will consider expanding manufacturing facilities
in that country, Chief Executive Dariusz Manko told reporters Thursday,
February 1. "We have a large order-book [in Ukraine], the market
is very receptive," the CEO said. "That is why investments
in just one press is unlikely to be the extent of it."
02.02.2007 Source: Interfax
IUD mulls Eurobond in 2007 to finance modernization of steel assets
Ukrainian steel producer Industrial Union of Donbas, or IUD, plans to
launch Eurobonds this year. Although the size of the Eurobond was not
disclosed, the company said it needed UAH 3.5 billion this year to upgrade
Alchevsk Steel Mill and UAH 1 billion for the Dniprovsky Mill.
02.02.2007 Source: Ukrainian Journal
Zaporizhstal had managed to reduce gas consumption
Zaporizhstal Iron and Steel Works had managed to reduce natural gas
consumption from 34 kg per tonne of steel to 20 kg/t after commissioning
a new heat-treatment furnace supplied by Austria's Ebner. The company
managed to save more than 3 million cubic meters of gas last year. Zaporizhstal
is one of the largest industrial enterprises in Ukraine and partner
of Metal-Forum of Ukraine.
02.02.2007 Source: Press center of Zaporizhstal JSC.
EBRD to issue USD 150 mln loan to Alchevsk Steel Mill
The European Bank for Reconstruction and Development (EBRD) is to issue
a USD 150 million credit to Alchevsk Steel Mill for cogeneration plant
construction. The overall cost of the 303-megawatt co-generation plant
is USD 363.1 million. The unit will reduce annual carbon emissions by
an estimated 6 million tonnes in its first four years. This is as much
as a large European city like Manchester emits in a year. This is the
EBRD's biggest loan to date for a private company in Ukraine. Materials
distributed at the press conference said that Japanese Bank for International
Cooperation (JBIC) would lend the Alchevsk plant another USD 120 million
for the project and that IUD itself would provide USD 113 million.
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02.02.2007 Source: EBRD press release
Ukrainian Iron and Steel Works in January 2007
Alchevsk Steel Mill boosts roll output 15%
Azovstal reduces roll output 2.7%
Dniprospetsstal boosts roll output 32%
Donetsk Steel Mill boosts roll output 29%
Dzerzhinsky Mill ups roll output 5.8%
Illich Iron and Steel Works boosts roll output 9.2%
ISTIL boosts roll output 45%
Makiyivka Metallurgical Plant boosts pig iron output 46%
Mittal Steel Kryviy Rih boosts roll output 31%
Petrovsky Steel Mill ups roll production 20%
Yenakiyeve Steel Works ups roll output 19%
Zaporizhstal ups roll output 1.6%
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