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In 2023, Velta Manufacturing and Commercial Firm LLC received revenue of $35 million, while in 2022 the revenue was higher. “Our revenue ranges from $30 to $50 million per year,” the company CEO and co-owner Andriy Brodskiy said. The output target in 2022 was 62% fulfilled and in 2023 – 73%. But since mid-2023, the…
DetailsForeign Minister of Kyrgyzstan Jeenbek Kulubaev visited the Malaysian company Public Gold, which sold and manufactured gold and silver products on an industrial scale. The parties discussed with the leadership of Public Gold the establishment of cooperation with Kyrgyz companies on the creation of joint ventures in the Kyrgyz Republic for the production of gold…
DetailsIn 2023, Navoi Mining and Processing Works retained the status of the largest taxpayer. Last year, the company made 67.5 trillion soums worth of products, up by 3.8% YoY. Prime cost decreased by 5.8%. 38.6 trillion soums was paid to the state budget. 1445 new jobs were created. The share of the company in the…
DetailsFor the past several months state mines have been exceeding coal output targets. Thus, since the start of the year, coal output has increased by 24% YoY, the Ministry of Energy reports. While in March 2022, state mines yielded 173 thousand tons of coal and for a long time this figure had been decreasing, in…
DetailsIn 2023, Pivdenkoks Private JSC decreased net loss by 95.2% YoY, to UAH 58.02 million. At the remote shareholders meeting, the shareholders intend to summarize the operation in 2023 and agree on covering the loss with the profit of future periods. Moreover, the company intends to sell its own shares, bought-back from shareholders or purchased…
DetailsBelarus Iron and Steel Works intends to supply at least 200 thousand tons of steel to Africa in 2024. Last year, the company exported 140 thousand tons there. As of March, the company was already producing 200 thousand tons of steel per month. (Ukrainian metal)
DetailsIn 2023, Druzhkovka Metalwares Works decreased net profit by 28.9% YoY, to 24.049 million UAH. According to the agenda of the shareholders’ meeting, scheduled for April 29, undistributed profit as of the end of last year amounted to 404.126 million UAH. It is planned to leave the profit received last year undistributed and not to…
DetailsAlmalyk Mining and Processing Works is expanding manufacture of high-temperature ceramic wares. Under the project, the company has purchased a high-temperature chamber gas-flame furnace with the volume of 10 cubic meters. The furnace was launched on March 20. The maximum temperature in the furnace is 1,800 degrees C. In one go, the furnace can roast…
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