Ukraine: Makeevkoks elects supervisory board

Shareholders of Makeevkoks, situated on the Ukraine-uncontrolled territory, refreshed the supervisory board, by removing two of its members, as well as changing the auditor. The decisions were taken at the shareholders’ meeting on April 18. In particular, the shareholders have re-elected Igor Nadych and Olga Vinogorodskaya as members of the supervisory board for three years,…

Ukraine: Makeevkoks turns to losses in 2017

In 2017 Makeevkoks received 698.63 million UAH of losses as opposed to 6.76 million UAH of profit in 2016. According to the company statement, its uncovered losses totaled 543.49 million UAH. Consolidated accounts receivable dropped by 0.2%, to 249.03 million UAH, fixed liabilities – by 0.8%, to 8.06 million UAH, while its current liabilities grew…

Ukraine: Makeevkoks board fired

The supervisory board of Makeevkoks has stopped the office of the board (5 persons), including its chairman Alexander Kolomiychenko. The matter was discussed on March 14, because of the expiration of the office. None has been appointed to the board. The board consisted of Alexander Kolomiychenko, Igor Chebotarev, Irina Ukrepina, Ivan Zolotarev and Tatiana Yemelyanova.…

Ukraine: June 2016 results for ATO zone works

June proved to be extremely unlucky for Ukrainian metal companies mostly because of the railroad strike. Steel smelting dropped by 19% MoM, to 1.87 million tons, pig iron output decreased by 20.5% MoM, to 1.79 million tons. Average daily steel output in June totaled 62.4 thousand tons as opposed to 73.2 thousand tons in May.…