After the return of the Zaporozhye Titanium and Magnesium Works to state property, the State Property Fund has invested 120 million UAH in its modernization. Prime cost of manufacture has decreased by 25%. Five bi-polar eletrolyzers have been constructed, which will increase spongy titanium output 2-fold. Moreover, the company will be able to switch to…
The State Property Fund was able to replace the director of Zaporozhye Titanium and Magnesium Works LLC based on a decision taken by the Cabinet of Ministers back in February. “Last week we returned Centerenergo to the state, and now have secured state control over ZTMK. The Unified registry of entities now has information about…
Zaporozhye Titanium and Magnesium Works has started producing multiple-use facemasks at its sewing site of the household shop. “We have temporarily switched one of our parts to produce masks. The manufacture will run while there is a demand. The masks will be granted to Zaporozhye healthcare institutions”, the company CEO Vladimir Sivak said. ZTMK has…
The Cabinet of Ministers has approved the appointment of Sergey Lubennikov as the acting director of Zaporozhye Titanium and Magnesium Works LLC. Thus, the Cabinet has agreed with the suggestion of the State Property Fund. Vladimir Sivak has been the director of ZTMK since 2010. He was detained in 2016 for embezzlement of 492 million…
Zaporozhye Titanium and Magnesium Works has concluded an agreement with Khim-Trade LLC on the delivery of electrical energy valued at 179 million UAH. Until the end of the year the company has to supply 77.9 million kW-h of electricity at 2.3 UAH per kW-h. In August ZTMK ordered electricity at 2.45 UAH per kW-h, or…
Zaporozhye Titanium and Magnesium Works has concluded an agreement with Alloyed Steels LLC (Dnipro) for the delivery of steel valued at 50 million UAH. The metal has to be supplied this year. The quantity and the steel grade have not been disclosed. This is the first state order for Alloyed Steels, founded on July 10.…
Zaporozhye Titanium and Magnesium Works could suspend operation over the increase of the electricity tariffs. Since July 1, with the new electricity market operating, the tariff for ZTMK has increased by 25%. Thus, expenses on electricity for the company will grow by 15 million UAH per month. The share of electricity in the company product…
A titanium tetrachloride leak occurred at the Zaporozhye Titanium and Magnesium Works. According to the rescuing team, the accident happened because of the tank leakage. As of 11:40 the accident has been eliminated. Chemical materials evaporations have not left the shop territory. There is no danger to the lives of the citizens. There were no…