Kremenchuk Steel Works JSC has corrected its net profit figures for 2024 and 2023 and doesn’t plan to distribute it. According to the statement on the changes to the agenda of the shareholders meeting to be held remotely on April 30, in 2024 KSZ received a net profit of UAH 369 million. The shareholders will…
In 2023, Kremenchuk Steel Works JSC received net profit of 124.13 million UAH, up 2.5-fold YoY. The company intends to leave the profit undistributed. Dividends will not be paid. As of the beginning of the year, the undistributed profit of the company amounted to 67.25 million UAH as opposed to the undistributed loss of 56.89…
On April 1, Kremenchuk Steel Works will shut down its manufacture. Some employment contracts, ending on April 1, will not be prolonged. “Around 1,000 employees will become redundant”, the company noted. Other employees will be sent on vacation and will be paid two thirds of their salary. The reasons for the shut down of the…
Fineurovector LLC and Alfa Kros LLC have announced their intention to buy respectively 24.5667% and 24.95% of the Kremenchuk Steel Works, a part of TAS Group. At present the companies own no shares of KSZ. As of Q2 Sertako Limited owned 29.0254%, Devisal Limited – 17.1879% and Defano Investments Ltd – 48.4421%. All these companies…
In January-March, Kremenchuk Steel Works produced 4292 tons of casting, down by 27.7% YoY. Moreover, the plant is forced to fire over 500 employees in March-April. This is done in order to bring the number of employees to the order volume and the debt to Ukrzaliznytsia. (Ukrainian metal)
The Panyutino Car Repairing Works, a subsidiary of Ukrzaliznytsia, has ordered the Kremenchuk Steel Works the delivery of side frames and bolsters valued at 79.32 million UAH. By the end of the year the company will have supplied 2 thousand side frames valued at 26.92 thousand UAH apiece and 1 thousand bolsters at 25.34 thousand…
Kremenchuk Steel Works has resumed operation after a ling halt. The furnace was put into operation on December 5. On November 7, the hardening shop resumed operation. As of today the works employs some 800 workers, while it needs 1080 people. They work in one shift. The works is planned to operate for at least…
After several years of idleness the Kremenchuk Steel Works starts operating. The company will be opening new jobs in the railroad car and steel shops for local citizens. The Kremenchuk mayor has ordered the company to provide salary and tax plans. (Ukrainian metal)