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…
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-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…
Nikopol Ferroalloy Plant has provided 100 tons of slag for the emergency repair of roads in Nikopol district. “Thanks to the NZF CEO Vladimir Kutsin we have received 100 tons of slag for the emergency road repair on the territory of Pervomayskaya community,” Yevgeniy Yevtushenko, head of the Nikopol Military Civilian Administration, has said. The…
In July, Nikopol Ferroalloy Plant intends to commission two melting furnaces – Nos. 15 and 17 – in the ferroalloys shop. According to the CEO Vladimir Kutsin, the company must be prepared for the increase in capacity due to the change in the market situation. In late February, NZF started heating its melting furnaces Nos.…