Dneprometiz intends to launch the manufacture of high-quality galvanized steel wire. In particular, the company will reconstruct the existing wire shop. The annual capacity of the shop will be 24 thousand tons of galvanized wire with the diameter of 0.8 to 9 mm. Dneprometiz is already operating two hot dip-galvanizing machines for wire with the…
The Antimonopoly Committee of Ukraine has punished the TAS Group of Companies belonging to Sergey Tigipko for 55 million UAH for buying Dneprometiz without the committee’s consent. The committee has studied the case of TAS taking control of Dneprometiz and violating the competitiveness legislation. Thus, the committee has denied Tigipko buying Dneprometiz. Severstal sold Dneprometiz…
Dneprometiz, the largest manufacturer of metal wares in Ukraine, will start producing wire with zinc and copper coating. “We have assembled a galvanizing machine at the plant. In June we’ll commission another one”, the company owner Sergey Tigipko said. “We have ordered a machine to apply copper coating. In January we put two mills into…
Dneprometiz has put into operation a fine drawing mill. The machine is made by Mario Frigerio S.p.A, Italy. The mill will produce steel wire without coating with the diameter of 0.75-1 mm. Taking into account the new machine the company capacity in manufacture of fine wire and fiber will grow by 200 tons per month.…
Dneprometiz has started producing low-carbon steel wire with the diameter of 1.2, 1.4 and 1.6 mm according to GOST 3282-64 with a new winding technique.
The main characteristic of the winding is the special form and weight of the coil – 200 g.
Such products are used as packing materials in various industries. (Ukrainian metal)
In 2017 Dneprometiz increased its net profit by 79% YoY, to 58.292 million UAH. According to the company statement, its assets as of the end of 2017 totaled 714.885 million UAH, current liabilities – 533.483 million UAH and consolidated accounts receivable – 153.327 million UAH. In 2016 Dneprometiz received 34.73 million UAH of profit, as…
In 2017 Dneprometiz operation was stable, according to the company CEO Alexander Yakovlev.
Last year the company produced and sold over 85 thousand tons of metal wares. EBITDA totaled $3 million.
This year the company intends to increase output to 90 thousand tons.
EBITDA is expected to grow to 90 million UAH. (Ukrainian metal)
The Antimonopoly Committee of Ukraine has started reviewing the case on the metal wares market concentration. “In December 2017 the committee began studying the case of Devisal Limited (Cyprus) acquisition of Dneprometiz shares. The ultimate beneficiary of Devisal Limited is the Ukrainian businessman Sergey Tigipko. In October 2017, 100% of Dealzone Holding Ltd, owning 98.6%…
The new owner of Dneprometiz has not applied to the Antimonopoly Committee of Ukraine for the right to buy the controlling packet of shares.
“In case such an appeal is received, we will review it and make a corresponding decision according to the current legislation”, the committee said. (Ukrainian metal)
The new owner of Dneprometiz is now its previous owner, TAS Group owner and ex-vice-prime minister Sergey Tigipko. After the sale by Severstal of its 100% on Dealzone Holding Ltd, owning 98.6% in Dneprometiz, there have been changes in the board of directors. Andrei Ryzhov and Vitaly Palabugin, representing Severstal, resigned. Instead of two more…
Dneprometiz has changed the board of directors. According to the company statement, the chairman of the board Sergey Kovryakov, as well as members of the board Andrei Zyshov, Vitaly Palabugin and Sergey Vinogradov resigned. Victoria Zinkevich and Oleg Zheltkov have been appointed instead. In 2016 Dneprometiz received 34.73 million UAH of profits as opposed to…
Severstal has announced that is daughter company Cambay Services Ltd has completed the deal to sell 100% of Dealzone Holding Ltd, owner of 98.6% in Dneprometiz. The sale of Dneprometiz will allow improving the efficiency of Severstal-Metiz and increasing the group profitability. The company is not disclosing the deal conditions or the buyer of its…
Dneprometiz has switched from public into private joint stock company. The decision was taken at the shareholders’ meeting on April 24. The change came in effect on July 18. On April 24 shareholders revoked the supervisory board of 4 persons, electing 5 instead, having reelected 3 from the previous board. In 2016 Dneprometiz received 34.73…
The director of Metiz subsidiary, the general manager of Severstal-Metiz (Russia) Sergey Kovryakov has been elected the chairman of the supervisory board of Dneprometiz. According to the company statement, Lilia Dubovichenko, the deputy chief accountant of Dneprometiz, has been elected the chairwoman of the revision committee. The shareholders have also revoked the supervisory board of…
The supervisory board of Dneprometiz has prolonged the office of the general manager Alexander Yakushev from January 1 till December 31, 2017. According to the company statement, the decision was taken on December 26. Yakushev has been the CEO of the company since April 1, 2014. Dneprometiz produces metal wares of low-carbon steel. It has…
Supervisory board of Dneprometiz has appointed Anatoly Frishman chairman of the board. According to the company statement, Frishman has been appointed until the next annual meeting of the shareholders. He owns no company shares. In late March Frishman has been appointed member of the board. In 2015 Dneprometiz received 60.86 million UAH of losses. The…
Supervisory board of Dneprometiz has appointed Anatoly Frishman, CEO of Severstal-Metiz (Russia), its chairman.
Frishman has been appointed until the next annual meeting of the shareholders.
Chief accountant deputy of the company Lilia Dubovichenko has been appointed chairman of the revision committee. (Ukrainian metal)
The shareholders of Dneprometiz have dismissed one member of the supervisory board and appointed 2 more.
Dealzone Holding has purchased 98.6578% of Dnerpometiz shares.
In 2015 Dneprometiz received 60.86 million UAH of losses.
The supervisory board of Dneprometiz has reelected Alexander Yakushev the company CEO for a year.
Dneprometiz is now capable of producing a new product – 1.4-2.2 mm diameter spring wire according to GOST 9389.
Dneprometiz has put a new line of low-carbon 0.6-1.2 mm diameter wire wet drawing line into operation. The line was created according to Dneprometiz technical order on the basis of the SKET UDZWGT-320/11 wet drawing shop.
A Kiev court has started the bankruptcy procedure of the TEKO-Dnepromtiz Holding Company (Kiev). The procedure has been started on the request of the company.