The acting director of the United Mining and Chemical Company Alexander Gladushko believes the state ownership limits the enterprise development.
“The taxation base is a burden for state companies. It considerably limits the spending on modernization, and the company itself has limited opportunities on reconstruction”, he said.
He believes, that the private ownership will allow for more efficient management of the company and speed up business processes.
“The company will reach a higher level of management and will improve its competitiveness on world markets”, Gladushko added.
In Q1 UMCC decreased net profit by 17.1% YoY, to 58.315 million UAH. (Ukrainian metal)