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to the EU market in the last few years. As a result, we supply even more pipes than all Chinese suppliers”, Mazanka said.
● DTEK
DTEK Energy increases coal mining 9% m/m in November. Ukraine’s leading coal and power producer DTEK Energy (DTEKUA) mined 15.16 mmt of ROM coal in 11M21, Concorde Capital calculated based on sector-wide data provided by the Energy Ministry. This is 12.4% less y/y and 1.7% less y/y on a like-to-like basis (adjusting for the mine that DTEK discontinued operating in January). In November alone, the company produced 1.46 mmt of ROM coal, which is 8.5% more than in October (on a daily average basis) and 4.3% less y/y (but 12.9% more y/y on a like-to-like basis). DTEK Energy confirmed on December 14 its mining guidance of “almost 17 mmt” of ROM coal in 2021. The company reported that it had commissioned five new longwalls in November (bringing YTD result to 28 or 29). Last month, it reported on its plan to launch six new longwalls in November-December. The mining of ROM steam coal in Ukraine reached 20.09 mmt in 11M21, which is flat y/y. The total mining of steam and coking coal in the country increased 1.0% y/y to 26.62 mmt.
● Other
Firtash sells titanium business in Crimea. As part of Dmitry Firtash's Group DF titanium business, Ukrainian Chemical Products has sold all its assets in Crimea to Russian Titan. Due to political circumstances, Ukrainian Chemical Products has lost its economic attractiveness and having no control over it since 2016, the group, therefore, sought to sell it. "The terms of the agreement stipulate that all movable and immovable property of the former Crimean Titan plant becomes the property of the buyer. Thus, the agreement is finalized, and the relevant changes have been made to the registers of the state registration authorities of Ukraine," the statement said.
9.2.12 Other sector corporate news
Ukraine’s arms maker Ukroboronprom's net income increased by 6%.
The increase came from the sale of goods, works, and services for the three quarters of 2021 which exceeded UAH 26 bln ($962mn). The figure was 6% more than in the same period last year, reported Ukroboronprom. It is noted that the amount of net income for the three quarters of this year is 6% higher than for the same period in 2020 (UAH 24.5 bln), and 13% higher than for 9 months of 2019 (UAH 22.5 bln). For the third quarter of this year, the net financial result amounted to UAH 528mn, 69% more than planned.
Ukroboronprom to become a joint-stock company. The Government has decided to transform the Ukrainian defence Company (Ukroboronprom) into a joint-stock company and approved the reorganization of its 43 strategic enterprises into companies under 100% state control. President Zelensky signed the Law "1630-IX" on the peculiarities of reforming enterprises of the defence-industrial complex of state ownership. The main goal of this law is to increase defence capability, economic security, and protection of Ukraine's interests by introducing corporate governance.
Turkey will cooperate with Ukraine in its construction of a manufacturing
82 UKRAINE Country Report January 2022 www.intellinews.com