The acting director of the United Mining and Chemical Company Alexander Gladushko believes the state ownership limits the enterprise development. “The taxation base is a burden for state companies. It considerably limits the spending on modernization, and the company itself has limited opportunities on reconstruction”, he said. He believes, that the private ownership will allow…
In January the subsidiaries of the United Mining and Chemical Company concluded 7 agreements on the services of transportation valued at 258.35 million UAH. In particular, Volnogorsk Mining and Processing Works ordered Unitrans Operator LLC railroad transportation of dry cargo valued at 104.77 million UAH. Irshansk Mining and Processing Works will pay the company 62.17…
In 2017 the state enterprise United Mining and Chemical Company concluded two thirds of its contracts on titanium ore deliveries with Bollwerk (Austria). The total cost of these contracts is $53 million, or 1.5 billion UAH. Last year the UMCC management was detained for economic crimes. After that Bollwerk was replaced by TS Taunus Chemical…
In 2017 United Mining and Chemical Company produced 392.2 thousand tons of ilmenite concentrate, up by 18.7% YoY. In particular, Irshansk Mining and Processing Works produced 224.4 thousand tons. Sales last year grew by 20%, to 2.769 billion UAH. Volnogorsk Mining and Processing Works increased sales by 41%, to 124 thousand tons. At the same…
In 2017 United Mining and Chemical Company increased sales by 20% YoY, to 2.769 billion UAH. “Despite serious competition and considerable dependence of the company on world quotation changes, UMCC last year was able to sell 124 thousand tons of ilmenite concentrate, its main product, at Volnogorsk GOK up by 41% YoY. Sales at Irshansk…
The United Mining and Chemical Company, owner of Volnogorsk Mining and Processing Works and Irshansk Mining and Processing Works, in 2017 increased ilmenite output by 18.7% YoY, to 392.2 thousand tons. In particular, IrGOK produced 224.4 thousand tons of ilmenite concentrate, the best result for the past three years. At the same time, Volnogorsk GOK…
This year the United Mining and Chemical Company, which manages Volnogorsk Iron and Steel Works and Irshansk Mining and Processing Works, intends to increase investments 2-fold, to 200 million UAH, “2018 will be the year of manufacture reconstruction. I believe our investments will exceed those of 2017 2-fold. It’s difficult to name the exact amount,…
The United Mining and Chemical Company has paid 321.848 million UAH of dividends for 2016 to the state budget. This is the largest payment of the type to the state budget in all the company history. This payment has been possible thanks to the increase of profit. If in 2015 UMCC received 630 million UAH…
The United Mining and Chemical Company will spend 50% of its 2016 net profits to pay dividends, having sent 338.849 million UAH to the state budget. The decree on the dividends payment was approved by the Ministry of economical development and trade on April 28, and UMCC received it on May 13. The dividends have…
The management of the United Mining and Chemical Company was prepared to privatize the company in its favor. “The accusations of the National Anticorruption Bureau of Ukraine of the blocking of the UMCC activities and the breakup of privatization are contrary to the fact and draw the attention away from the real situation at UMCC”,…
Detectives of the National Anticorruption Bureau have detained the acting chairman of the board of the United Mining and Chemical Company suspected of damaging the enterprise to the amount of 300 million UAH. According to the State Registry, the UMCC acting chairman is Ruslan Zhurylo. UMCC started operating in August 2014, when the government transferred…
In January-September the United Mining and Chemical Company produced 220 thousand tons of ilmenite concentrate, up by 11% YoY. According to the company statement, rutile concentrate output went up by 3.9% YoY, to 39.4 thousand tons, while that of zirconium concentrate increased by 6.8% YoY, to 20.8 thousand tons. Because the world titanium raw materials…
In January-September the state enterprise United Mining and Chemical Company increased its net profits 2.8 times YoY, or by 427.9 million UAH, to 666 million UAH. “This has been achieved by increasing sales in the period”, the company CEO Alexander Gladushko said. Even though world ilmenite, rutile and zircon prices haven’t increased, Volnogorsk Mining and…
The state enterprise United Mining and Chemical Company has announced a tender for the delivery of 7.1 million cubic meters of gas in 2017 for Irshansk Mining and Processing Works. The tender was announced on November 16, and the company awaits offers by December 19. The projected sum of the purchase is 63.9 million UAH…
The state enterprise United Mining and Chemical Company estimates its investments into the acquisition of assets since September 2014 at 300 million UAH. According to the company statement, 182 million UAH was spent to buy equipment for Volnogorsk Mining and Processing Works, with some 112 million UAH – for Irshansk Mining and Processing Works. In…
In January-June the United Mining and Chemical Company produced 137.12 thousand tons of ilmenite, up by 2% YoY. According to the company CEO Alexander Gladushko, such a small increase can be explained by the crisis on the world market of titanium-containing raw materials. “The demand for the raw materials in the world is still low,…
In the first quarter United Mining and Chemical Company received 177.3 million UAH of pre-tax profits, with net income exceeding 400 million UAH. Net profits reached 144 million UAH, with EBITDA at 168.9 million UAH. In the first quarter of 2015 the company net income totaled 215 million UAH, with net profits at 44.9 million…
The state enterprise United Mining and Chemical Company goes on exporting its products via Bollwerk Finanzierungs-und Industriemanagement AG, according to the data of ilmenite and titanium concentrate exports at Ukrainian ports. In particular, Bollwerk is the supplier of UMCC products in the ports of Odessa and Ismail. In January-April UMCC exported 14 thousand tons of…
In 2015 United Mining and Chemical Company received 632 million UAH of net profits.
The state enterprise United Mining and Chemical Company will become a joint-stock company.
The Ministry of economical development and trade expects the United Mining and Chemical Company to receive 631.8 million UAH of profits in 2015.
In 2015 United Mining and Chemical Company plans to receive 500 million UAH of profits.
The Cabinet of Ministers of Ukraine has decided to turn the United Mining and Chemical Company as well as the Research and Design Institute of Titanium from the state enterprises into the public joint-stock companies, with 100% shares owned by the state.
The Ministry of economic development and trade reported finding violations in the operation of the United Mining and Chemical Company.
The state enterprise United Mining and Chemical Company believes the investigation of the illegal mining of mineral deposits by its officials is a pure action to destabilize its operation.
The state enterprise United Mining and Chemical Company has received a real control over Zaporozhye Titanium and Magnesium Works.