The United Mining and Chemical Company remains one of the most efficient state enterprises and constantly increases payments to state budget. In January-September the group paid 751.7 million UAH of taxes to the budgets of all levels. Together with the salary the payments totaled 1.097 billion UAH. In H1 UMCC occupied the 59th place among…
On August 12 the United Mining and Chemical Company is turning 4. In four years the company has invested over 1 billion UAH in technical revamping. Payments to the budget grew from 16.9 million UAH in 2014 to 875.7 million UAH in 2017. Last year UMCC paid 321.8 million UAH of dividends to the state,…
In 2017-2018 the United Mining and Chemical Company bought special machinery worth 195.9 million UAH. In particular, for its subsidiaries of Volnogorsk Iron and Steel Works and Irshansk Mining and Processing Works it purchased 47 units of machines, including 24 special machines, and 17 cargo and passenger machines. Volnogorsk Works saw the largest machine park…
The United Mining and Chemical Company has transferred 332.6 million UAH of dividends for 2017 to the state budget, having set another record. According to the company statement, last year it paid 321.8 million UAH of dividends for 2016. “For the fourth year in a row our company remains a socially responsible taxpayer, annually increasing…
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…