Ukraine: UMCC to invest 36 million UAH in pipeline repair at VGMK

The United Mining and Chemical Company will invest 36 million UAH in its Volnogorsk Iron and Steel Works. According to the company statement, in October VGMK completed the replacement of 2 km of slurry pipeline valued at 5.2 million UAH. The company intends to go on with the project. Investments have been estimated on the…

Ukraine: Volnogorsk Works buys expensive containers

Volnogorsk Iron and Steel Works, a subsidiary of the United Mining and Chemical Company, in December 2016 ordered soft PP containers valued at 32.5 million UAH from Delis-Prof LLC. This year the company has to supply 168 thousand various containers and 2 thousand PP inserts. The price of most products exceeds those of last year…

Ukraine: IGOK and VGOK subsidiaries estimated at 1.7 billion UAH

Grant Thornton has estimated the cost of Irshansk Mining and Processing Works and Volnogorsk Mining and Processing Works at 1.7 billion UAH. Thus the cost of the subsidiary assets has increased two-fold since 2014. “The estimate of the assets belonging to the United Mining and Chemical Company, the owner of the 2 GOKs, is a…