In March, the salary fund of the Nikopol Ferroalloy Plant increased by 20% MoM, to 126.5 million UAH. Average salary will grow by 17.5% to 267.5%, to 18 thousand UAH. All the employees will have their wages increased by 17.5%, except for the CEO and the deputies – their salaries will grow by 15%. In…
As of early August, Nikopol Ferroalloy Plant has accumulated a monthly norm of products at its warehouses due to the absence of demand. “We’re selling twice less products than we produce. We need to construct new covered warehouses, as there are no prospects of sales increase”, the company CEO Vladimir Kutsin has said. According to…
Due to the drop of output, Nikopol Ferroalloy Plant will provide a part of its employees with unpaid time-off. Average monthly output decreased to 35 thousand tons. Thus, due to low loading of capacities, NZF is forced to send some of its employees home, who are not engaged in manufacture and sales. In H1, NZF…
In January-February, Nikopol Ferroalloy Plant decreased output by 33.7% YoY, to 82.87 thousand tons. In particular, silicomanganese manufacture decreased by 35.2%, to 75.3 thousand tons, and ferromanganese – by 43.7%, to 3.53 thousand tons. At the same time, NZF increased other ferroalloys output by 59.1%, to 4.04 thousand tons. (Ukrainian metal)
Nikopol Ferroalloy Plant has increased output plan for November to 38 thousand tons, as two of its blast furnaces Nos. 7 and 8 have been re-launched. Earlier the company has reported a decrease of output by 50%, to 31 thousand tons. The market is unfavorable to increase output. In October NZF manufactured 62 thousand tons…
In January-August Nikopol Ferroalloy Plant decreased output by 4.4% YoY, to 510.03 thousand tons. In particular, silicomanganese manufacture dropped by 6.3%, to 468.52 thousand tons, but that of ferromanganese grew by 14.4%, to 29.71 thousand tons. The company has also increased the production of other ferroalloys – by 57.5%, to 11.8 thousand tons. (Ukrainian metal)
Nikopol Ferroalloy Plant has fulfilled its duties to the National bank of Ukraine under an amicable agreement by clearing the PrivatBank debts on the refinancing loan. In May 2018 the NBU filed a claim to the Commercial Court of Dniepropetrovsk region to recover NZF assets pledged to PrivatBank to receive the refinancing loan. On August…
In January-May Nikopol Ferroalloy Plant decreased output by 7.1% YoY, to 320.057 thousand tons. In particular, the manufacture of silicomanganese dropped by 10.5%, to 291.98 thousand tons. At the same time, the ferromanganese output increased by 28.1%, to 19.55 thousand tons. The company also produced 9.04 thousand tons of other ferroalloys, up 2.4-fold. (Ukrainian metal)