Zaporozhye and Nikopol Ferroalloy Plants, both part of the Privat Group, have suspended operation. The furnaces have been shut down for winter due to the problem with the constant supply of electricity and water. While in shutdown, the plants will focus on repairs. Breaks in electricity and water supply affect technical conditions of furnaces. Moreover,…
Following other industrial assets, controlled by the Privat group, Nikopol Ferroalloy Plant has also suspended operation. One of the main reasons is the problem with product sales, as well as electricity supplies in autumn and winter. The arrest of the key beneficiary Ihor Kolomoiskiy has also affected the situation. In October, Marganets and Pokrovs Mining…
Pokrovsk Mining and Processing Works supplies its manganese ore concentrate to the Nikopol Ferroalloy Works (NZF) only, as the Zaporozhye Ferro Alloys Plant has almost suspended operation. According to the company chairman Sergey Shuvayev, NZF needs products of the second sort only, that is why mostly the Northern quarry of PGOK operates. PGOK suspended operation…
In January-August, Nikopol Ferroalloy Plant decreased output by 23.4% YoY, to 342.87 thousand tons. Silicomanganese manufacture dropped by 18.2%, to 337.26 thousand tons, ferromanganese and other ferroalloys – by 84.3%, to 5.61 thousand tons, including 4.87 thousand tons of ferromanganese. In August, NZF produced 35.2 thousand tons of ferroalloys. (Ukrainian metal)
In January-June, Nikopol Ferroalloy Plant decreased net profit 7.4-fold YoY, to 223.2 million UAH. Net income amounted to 9.05 billion rubles, down by 9.9%. Undistributed profit as of the end of June was 8.4 billion UAH. (Ukrainian metal)
In January-March, Nikopol Ferroalloy Plant increased net profit by 25% YoY, to 424.4 million UAH. Net income grew by 0.4%, to 175.9 million UAH. Undistributed profit as of late March totaled 8.5 billion UAH. In Q1, NZF produced 4.96 thousand tons of ferromanganese and 143.5 thousand tons of ferrosilicomanganese. (Ukrainian metal)
Nikopol Ferroalloy Plant has appointed Ruslan Ponomarenko the CEO and the chairman of the board instead of Vladimir Kutsin. On July 1, Kutsin will switch to the new office of the CEO councilor. CEO Gennadiy Lavrinenko resigned on June 22. Yelena Bai has been appointed instead. Before his new appointment, Ponomarenko was the chief accountant…
Nikopol Ferroalloy Plant has provided 100 tons of slag for the emergency repair of roads in Nikopol district. “Thanks to the NZF CEO Vladimir Kutsin we have received 100 tons of slag for the emergency road repair on the territory of Pervomayskaya community,” Yevgeniy Yevtushenko, head of the Nikopol Military Civilian Administration, has said. The…
In January-October, Nikopol Ferroalloy Plant increased output by 23.9% YoY, to 547.36 thousand tons. In particular, the manufacture of silicomanganese grew by 24%, to 506.1 thousand tons, and ferromanganese – by 22.3%, to 41.26 thousand tons. In October, NZF produced 38.55 thousand tons of ferroalloys, down by 36.8% MoM. (Ukrainian metal)
Nikopol Ferroalloy Plant has started returning its furnaces to operation, after it decreased output in October due to a drop in demand for ferroalloys and another growth of electricity prices. All the company employees have returned to work, and the enterprise is increasing output. The furnaces Nos. 8 and 15 have already been switched on,…
Nikopol Ferroalloy Plant has already shut down its furnaces Nos. 15, 16, 17 and 8, and after repairs will shut down the furnace No. 6. The reason is not only quietness on the metal market. October began with a new rise in electricity prices – by 26%. Because of this, a certain number of employees…
In January-August, Nikopol Ferroalloy Plant increased output by 20.7% YoY, to 447.95 thousand tons. While the manufacture target in August was 66.03 thousand tons, the company produced 67.8 thousand tons. The target for September is 65 thousand tons. (Ukrainian metal)
In January-June, Nikopol Ferroalloy Plant increased output by 12% YoY, to 317.76 thousand tons. In particular, silicomanganese manufacture grew by 10%, to 291.85 thousand tons, and ferromanganese – by 42.3%, to 25.91 thousand tons. In June, NZF produced 58.07 thousand tons of ferroalloys. (Ukrainian metal)