Ukraine: Ministry of Energy replaces Krasnolimanskaya mine director

The Ministry of Energy has decided to appoint Sergey Sivtsov the acting director of the state enterprise Krasnolimanskaya Coalmining Company. The decision to fire the director of the enterprise Vladimir Lysak was taken due to his dereliction of duty. Krasnolimanskaya stopped mining coal in 2018, while the license was given to the private Krasnolimanskaya LLC.…

Ukraine: Ukrzinc declared bankrupt

In August, the Commercial Court of Donetsk region declared Ukrzinc OJSC bankrupt. The company has not been operating since 2002. New plants, such as Svinets LLC and Zinc PJSC, have appeared on its manufacturing assets. Ukrzinc was founded in Konstantinovka in 1930 to produce zinc. Its capacity then was 12 thousand tons of zinc per…

Ukraine: Interpipe net profit up in H1 2023

In January-June, Interpipe received a net profit of $122.43 million, up from $19.53 million last year. Sales revenue grew by 12.3%, to $518.38 million. Operational profit amounted to $178.29 million, up by 167.8%. Pipe manufacture in Q2 remained unchanged compared with Q1 at 105 thousand tons, while railroad products output grew by 35%, to 27…