The State Property Fund was able to replace the director of Zaporozhye Titanium and Magnesium Works LLC based on a decision taken by the Cabinet of Ministers back in February.
“Last week we returned Centerenergo to the state, and now have secured state control over ZTMK. The Unified registry of entities now has information about the new acting CEO”, the Fund chairman Dmitriy Sennichenko wrote on his Facebook page.
ZTMK is the only spongy titanium manufacturer in Europe. 51% of shares belong to the state. (Ukrainian metal)