The Zaporozhye regional department of the State Property Fund has decreased the price of the state enterprise Aluminum Foil Works 2-fold.
The initial price of the works is 583.977 million UAH (with VAT), previously it was set for auctions at 1.159 billion UAH.
The new auction will take place on October 13.
The capacity of the works was planned on the level of 36 thousand tons of packing materials per year, including 27 thousand tons of aluminum foil, but the works never was constructed.
Its net losses in 2016 amounted to 356 thousand UAH and in 2015 – 332 thousand UAH. The cost of the company assets as of the end of 2016 was 374.149 million UAH. (Ukrainian metal)
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