In January-August Zaporozhye Titanium and Magnesium Works produced 5471.4 tons of spongy titanium, up by 32.6%, or by 1346 tons YoY.
According to Group DF statement, the cost of this products was up by 18.1% YoY, from 532 to 628.3 million UAH.
“The works continues to increase the output of its main product – the spongy titanium. In 8 months we were able to sell 658.9 million UAH worth of products, up by 22.7% YoY”, said the company CEO Vladimir Spivak.
In January-August ZTMK increased its pre-tax profit by 18.4% YoY, to 217.3 million UAH, and paid 238.22 million UAH of taxes.
Zaporozhye Titanium and Magnesium Works is the sole producer of spongy titanium in Ukraine and Europe. It is a part of Group DF. (Ukrainian metal)