The management of Zaporozhye Aluminum Works hopes that the Cabinet of Ministers will write off its 50 million UAH debts to the Pension Fund. According to the fund, Zaporozhye region companies’ debts stand at 62.204 million UAH. ZALK is the largest debtor with 53.32 million UAH, followed by Zaporozhye Titanium and Magnesium Works (4.24 million…
The competition committees have set the Zaporozhye Aluminum Works privatization conditions. According to the State Property Fund head Vitaly Trubarov, 68.009% of the ZALK state shares will put up for auction at 278.37 million UAH. In 2011 Rusal shut down the works. A year ago its equipment and machinery was cut into scrap and illegally…
The State Property Fund of Ukraine intends to sell 68.01% of shares of Zaporozhye Aluminum Works in early 2018. ZALK is Ukraine’s only primary aluminum manufacturer. SUAL became the owner of the works in 2004. In 2007 Rusal took over the control. After long trials the court cancelled the sale-purchase agreements and returned 68.01% of…
The Supreme Commercial Court has confirmed the ruling to recover 6 million UAH from the only primary aluminum manufacturer in Ukraine – Zaporozhye Aluminum Works for the illegal use of the city land. Without any contracts and agreements ZALK has been using the territory of the city with the total size of 50 ha, thus…
The court has arrested all the assets of the Zaporozhye Aluminum Works. “In order not to allow the theft of state property and the destruction of the enterprise, the investigators, the prosecutors and the court decided to arrest all the assets of the works”, the prosecutors’ office reported. The Zaporozhye region is investigating the criminal…
Zaporozhye Aluminum Works has recalled its employees from the forced vacation, which started on August 17-18. Still the company is not producing aluminum wire rod because of the absence of raw materials (primary aluminum). “We were not producing wire rod in Q2 and Q3 because of two reasons: there were still products at the warehouse,…
In January-June the only primary aluminum manufacturer in Ukraine – Zaporozhye Aluminum Works – received 227.661 million UAH of net profit against the net losses of 281.994 million UAH in H1 2016. The company net profit totaled 15.456 million UAH. Other earnings reached 224.67 million UAH. (Ukrainian metal)
In 2016 the only primary aluminum producer in Ukraine – Zaporozhye Aluminum Works – decreased its losses by 61% YoY, or by 1.256 billion UAH, to 787.635 million UAH. According to the company statement, the value of its assets at the end of 2016 totaled 241.651 million UAH, current liabilities – 6.3 billion UAH, fixed…