Zaporozhye Titanium and Magnesium Works has ordered 42.98 million UAH worth of electrodes from Titanium of Ukraine. This year the company will supply 594 tons of electrodes and graphite anodes. The payment will be carried out half a year after the delivery. The price of the agreement is 4% lower than the expected cost (44.95…
The Specialized Anti-Corruption Prosecutor’s Office (SAPO) has claimed resistance of head of Zaporozhye Titanium and Magnesium Works LLC and its investor to returning the company to state ownership. SAPO said on its Facebook page that despite the attempts to hinder the return of the company to management of the state, this process is taking shape:…
Donetsk business court of appeals has satisfied a counterclaim of the Specialized Anti-Corruption Prosecutor’s Office (SAPO) and ordered the business court of Zaporizhia region to hear the lawsuit of SAPO seeking the termination of the contract between the State Property Fund of Ukraine (SPF) and offshore company Tolexis Trading Limited (Cyprus), a part of Dmytro…
Zaporozhye Titanium and Magnesium Works has ordered magnesium valued at 43.85 million UAH from Titan Ukrainy LLC. By the end of the year the company will have supplied 406 tons of MG-90 magnesium at 108 thousand UAH per ton. In August 2016 the same company sold it 28% cheaper to ZTMK – at 77.23 thousand…
Zaporozhye Titanium and Magnesium Works has ordered Volnogorsk Mining and Processing Works, a part of the United Mining and Chemical Company, the delivery of ilmenite valued at 118.91 million UAH. By the end of the year the company will have supplied 28764 tons of ilmenite concentrate with 64-65% TiO2 contents at 4134 UAH per ton…
The National anticorruption bureau of Ukraine suggests the State Property Fund to annul the contract with the Zaporozhye Titanium and Magnesium Works director suspected in 492 million UAH embezzlement. According to the bureau chairman Artem Sytnik, the ZTMK director has violated several clauses of the contract. The bureau also suggests the SPF to analyze the…
Evonik Industries (Germany) has started the overall quality certification of the Zaporozhye Titanium and Magnesium Works products, a part of Group DF. As the result of the certification ZTMK intends to receive the right to sell its products to the German company. In particular ZTMK plans to supply titanium tetrachloride. The parties started negotiations in…
The State Property Fund has compiled a list of state assets for privatization and is busy working out its terms. In particular Zaporozhye Aluminum Works and Zaporozhye Titanium and Magnesium Works are among companies to be privatized in 2016. (Ukrainian metal)