Nikopol Ferroalloy Plant (NZF, Dnipropetrovsk region) in January-May increased production by 12.5% YoY, to 259,690 tons. As the Ukrainian Association of Producers of Ferroalloys and Other Electrometallurgical Products reported, in five months, the plant increased production of silicon manganese by 9.6%, to 236,710 tons, and ferromanganese – by 53.9%, to 22,980 tons. In May, 59,290…
In March, the salary fund of the Nikopol Ferroalloy Plant increased by 20% MoM, to 126.5 million UAH. Average salary will grow by 17.5% to 267.5%, to 18 thousand UAH. All the employees will have their wages increased by 17.5%, except for the CEO and the deputies – their salaries will grow by 15%. In…
As of early August, Nikopol Ferroalloy Plant has accumulated a monthly norm of products at its warehouses due to the absence of demand. “We’re selling twice less products than we produce. We need to construct new covered warehouses, as there are no prospects of sales increase”, the company CEO Vladimir Kutsin has said. According to…
Due to the drop of output, Nikopol Ferroalloy Plant will provide a part of its employees with unpaid time-off. Average monthly output decreased to 35 thousand tons. Thus, due to low loading of capacities, NZF is forced to send some of its employees home, who are not engaged in manufacture and sales. In H1, NZF…
Nikopol Ferroalloy Plant has increased output plan for November to 38 thousand tons, as two of its blast furnaces Nos. 7 and 8 have been re-launched. Earlier the company has reported a decrease of output by 50%, to 31 thousand tons. The market is unfavorable to increase output. In October NZF manufactured 62 thousand tons…
Nikopol Ferroalloy Plant has sued Privatbank demanding 22 million UAH, which have been paid by the company to the National Bank of Ukraine for the amicable agreement. The funds are Privatbank’s debts on refinancing. As the bank previously belonged to Igor Kolomoysky and Gennadiy Bogolyubov, the enterprises, affiliated with it, acted as bails. When the…
In January-August Nikopol Ferroalloy Plant decreased output by 4.4% YoY, to 510.03 thousand tons. In particular, silicomanganese manufacture dropped by 6.3%, to 468.52 thousand tons, but that of ferromanganese grew by 14.4%, to 29.71 thousand tons. The company has also increased the production of other ferroalloys – by 57.5%, to 11.8 thousand tons. (Ukrainian metal)
Nikopol Ferroalloy Plant has fulfilled its duties to the National bank of Ukraine under an amicable agreement by clearing the PrivatBank debts on the refinancing loan. In May 2018 the NBU filed a claim to the Commercial Court of Dniepropetrovsk region to recover NZF assets pledged to PrivatBank to receive the refinancing loan. On August…