In January-September, Nikopol Ferroalloy Plant received net loss of 3.44 billion UAH as opposed to net profit of 831.69 million UAH last year. Net income dropped by 21.3%, to 7.74 billion UAH. Undistributed profit amounted to 5.99 billion UAH. Over 9 months, NZF produced 39.63 thousand tons of ferrosilicomanganese and sold 58.95 thousand tons. (Ukrainian…
Zaporozhye and Nikopol Ferroalloy Plants, both part of the Privat Group, have suspended operation. The furnaces have been shut down for winter due to the problem with the constant supply of electricity and water. While in shutdown, the plants will focus on repairs. Breaks in electricity and water supply affect technical conditions of furnaces. Moreover,…
Following other industrial assets, controlled by the Privat group, Nikopol Ferroalloy Plant has also suspended operation. One of the main reasons is the problem with product sales, as well as electricity supplies in autumn and winter. The arrest of the key beneficiary Ihor Kolomoiskiy has also affected the situation. In October, Marganets and Pokrovs Mining…
Pokrovsk Mining and Processing Works supplies its manganese ore concentrate to the Nikopol Ferroalloy Works (NZF) only, as the Zaporozhye Ferro Alloys Plant has almost suspended operation. According to the company chairman Sergey Shuvayev, NZF needs products of the second sort only, that is why mostly the Northern quarry of PGOK operates. PGOK suspended operation…
In January-August, Nikopol Ferroalloy Plant decreased output by 23.4% YoY, to 342.87 thousand tons. Silicomanganese manufacture dropped by 18.2%, to 337.26 thousand tons, ferromanganese and other ferroalloys – by 84.3%, to 5.61 thousand tons, including 4.87 thousand tons of ferromanganese. In August, NZF produced 35.2 thousand tons of ferroalloys. (Ukrainian metal)
In January-June, Nikopol Ferroalloy Plant decreased net profit 7.4-fold YoY, to 223.2 million UAH. Net income amounted to 9.05 billion rubles, down by 9.9%. Undistributed profit as of the end of June was 8.4 billion UAH. (Ukrainian metal)
In January-March, Nikopol Ferroalloy Plant increased net profit by 25% YoY, to 424.4 million UAH. Net income grew by 0.4%, to 175.9 million UAH. Undistributed profit as of late March totaled 8.5 billion UAH. In Q1, NZF produced 4.96 thousand tons of ferromanganese and 143.5 thousand tons of ferrosilicomanganese. (Ukrainian metal)
Nikopol Ferroalloy Plant has appointed Ruslan Ponomarenko the CEO and the chairman of the board instead of Vladimir Kutsin. On July 1, Kutsin will switch to the new office of the CEO councilor. CEO Gennadiy Lavrinenko resigned on June 22. Yelena Bai has been appointed instead. Before his new appointment, Ponomarenko was the chief accountant…