Rustem Umerov, the head of the State Property Fund, said that the big privatization included the state-owned company United Mining and Chemical Company. UMCC used to export products to more than 30 countries and was one of the largest titanium raw materials manufacturers globally, occupying 4% of the world titanium ore market. In 2021, the…
The United Mining and Chemical Company intends to export 170 thousand tons of ilmenite concentrate this year. According to the State Property Fund, which manages the company, all the end customers give a 100% guarantee that the concentrate will not end up in Russia. The company believes that entering new markets and increasing output will…
In January-March, the United Mining and Chemical Company’s gross income decreased to 208 million UAH from 313 million UAH last year. In Q1 2021, the income totaled 924 million UAH. Net loss increased to 109 million UAH from 84 million UAH. Output in April-May was only 30% of the previous year level. The state mining…
The United Mining and Chemical Company intends to sell 2.1 thousand tons of scrap with the combined cost of 7.6 million UAH. The company will offer two lots in the Prozorro system. The first lot will consist of 2.09 thousand tons of 501, 502 and 503-type scrap with the combined cost of 7.2 million UAH.…
The United Mining and Chemical Company has received a license to sell electricity. UMCC was created in 2014 by merging the Volnogorsk Mining and Processing Works in Dniepropetrovsk region and Irshansk Mining and Processing Works in Zhytomir region. The enterprises produce titanium ore concentrate. In 2021, UMCC received 413.8 million UAH of net profit, up…
In 2021, the United Mining and Chemical Company paid 253 million UAH of dividends to the state. Dividends for 2020 accounted for 184 million UAH and for 2018 – 68 million UAH. Payments to all budgets in 2021 reached 873.4 million UAH, up 2.2-fold YoY. (Ukrainian metal)
In 2021, the United Mining and Chemical Company increased sales income by 47% YoY, to 4.59 billion UAH. EBITDA grew by 93%, to 940.81 million UAH. Last year, the group paid 873.4 million UAH of taxes, up 2.2-fold. (Ukrainian metal)
In 2021, the United Mining and Chemical Company expects its sales revenue to increase by 45% YoY, to 4.54 billion UAH. According to preliminary financial results, EBITDA would grow by 93%, to 940.8 million UAH. Payments to budgets will amount to 873.4 million UAH, up 2.2-fold. In January-September, average salary was 17.3 thousand UAH, up…