Page 101 - UKRRptFeb24

The largest pipe manufacturer increased its net income by 65%. In January-September 2023, PJSC Interpipe Nizhnyodniprovsky Truboprokatny Zavod (Interpipe NTZ, Dnipro) generated a consolidated net profit of ₴1.183B, after it ended the same period of the previous year with a net loss of ₴1.933B. According to results from the first three quarters of 2023, the company increased its net income by 65.4% - up to ₴8.685B.
Zaporizhstal increased steel production by 65%. In 2023, the Zaporizhzhia metallurgical plant Zaporizhstal increased its steel production by 65.4% compared to 2022 - to 2.4669bn tons, and pig iron - by 35.3%, to 2.718bn tons. The production of rolled products for the year increased by 57.2% - up to 2.5 million tons. In 2023, the plant was operating at an average of 70% of its capacity.
9.2.12 Other sector corporate news
Epicentr Agro has started construction of a plant to produce fertilizers.The Epicenter Agro holding, part of the Epicenter K group of companies, has begunconstructing a plant to produce a urea-ammonia mixture and liquid complex fertilizers in the Vinnytsia region. Fertilizers are planned to be ready for use during the 2024 sowing campaign. "We have very ambitious goals for 2024. Changing the sowing structure, further testing the no-till system, our production of fertilizers, and several other projects are only a small part of the challenges we have set ourselves," said an Epicenter Agro representative. In addition, the company is moving towards introducing agricultural product processing. Epicenter K has been developing its farming business since 2016. It cultivates more than 160,000 hectares in the Vinnytsia, Khmelnytskyi, Ternopil, Zhytomyr, Cherkasy, and Kyiv regions. The group includes 20 livestock farms and 15 elevator complexes with a total storage volume of 1.5 million tons.
Ukrainian Releaf Paper plans to invest €500,000 in production and attract €16M in investment. The Releaf Paper startup is investing €500,000 in a raw material production project in Ukraine, the company's top manager, Oleksandr Sobolenko, said. He plans to start implementing the project in the second half of the year, which will process green waste to produce filler for paper. When the company decides to expand its installation to a full-fledged pulp mill, the investment will increase to €5M, and the processing capacity will increase to 25,000 tons annually. The company plans to expand its presence in the Ukrainian market. The next step is manufacturing products (packaging, notebooks) through local subcontractors. In addition, Releaf Paper is preparing to conduct a €16M investment round in 2025; among the investors will be the European Commission. By then, a similar pulp mill project in France is scheduled to be completed. All funds will be directed to expanding production - both existing facilities and creating new ones.
101 UKRAINE Country Report February 2024 www.intellinews.com