Page 77 - UKRRptOct21

MetinvestUkraine’s largest steel producer, plans to stop one of two oxygen converters at its Azovstal plant for seven days of repairs, according to a Sept. 14 report by Metal Expert, an industry consultancy. Steel production at Metinvest’s two Mariupol plants, Azovstal and Ilyich Steel, might drop by about 8% m/m to 22.5 kt per day in September because of the repairs, according to Concorde Capital calculations.
Mariupol-based Illich Iron and Steel Works (Donetsk region), part of Metinvest Group, will allocate UAH11.004bn for the payment of dividends from retained earnings, Azovstal, also part of Group – UAH7.718bn, and PrJSC Dniprovsky Coke and Chemical Plant (Kamianske, Dnipropetrovsk region), part of Metinvest, – UAH1.774bn.
● Ferrexport
Ferrexpo daily pellet output dropped 13% m/m in August. Ukraine’s largest iron ore pellet exporter Ferrexpo (FXPO LN) produced 870 kt of pellets in August, which amounts to 28.1 kt per day, or 13.0% less m/m, according to Concorde Capital's analysis of the data reported Sept. 20 by Interfax-Ukraine. In 8M21, Ferrexpo’s pellet output added 1.0% yoy to 7.44 mmt, or 30.6 kt per day.
9.2.12 Other sector corporate news
Strategic enterprises such as Motor Sich will remain Ukrainian said President Zelensky. Ukraine welcomes foreign business investments, but strategic enterprises must remain under state control. As for Ukraine's
strategic enterprises that have existed over the past ten years, some of them in terms of shares were transferred to some Chinese partners, however, this by decision was vetoed by the National Security and Defense Council. Business is business, and security is security said President Zelenskiy at the Yalta European Strategy Forum in the YES Brainstorming 2021 format in Kyiv in September.
President of Ukraine Volodymyr Zelensky has signed the law on the reform of the military-industrial firm, Ukroboronprom. This included the completion of the long and difficult process of drafting a new legislative framework for the development of the Ukrainian defense industry, announced its General Director, Yuriy Husyev. According to Husyev, the signed law will strengthen Ukraine's defense capabilities by structurally resetting 118 separate enterprises of Ukroboronprom, 21 of which are located in the illegally occupied territories of Crimea and the Donbas region.
The Ukrainian pharmaceutical company Lekhim plans to launch phase one of its plant in Uzbekistan in 2023 to produce ampoule. Speaking to Interfax-Ukraine, the Chairman of the Supervisory Board of the Lekhim Group, Valeriy Pechaev said, "In 2020, we created the Lekhim enterprise in Tashkent to sell domestic medicines and to build a production facility in Uzbekistan. Since 2020, Lekhim has invested $2.5 million in this project, the total investment to 2023 will be $10-12 million, and the total cost of the project is about $ 40 million. Lekhim is financing the project from its own funds and plans to work with the EBRD in the later stages of project completion.
77 UKRAINE Country Report October 2021 www.intellinews.com