The State Property Fund intends to hold the first auctions of the “big privatization” in July-August. Among the main assets is the United Mining and Chemical Company. The starting price for the company is set at 3.9 billion UAH. Before the start of the Russian full-scale invasion, seven business groups showed interest in privatizing UMCC.…
In January-March, the United Mining and Chemical Company spent more than 37 million UAH on the repair and technical maintenance of machinery. Active repair and restoration of quarry machines are underway. One of the key directions in the first quarter was the repair and purchase of necessary spare parts to make machinery operate smoothly. In…
In early May, the state company United Mining and Chemical Company reported on receiving a net profit of 30.2 million UAH in January-March. According to the company managers, the positive result was due to successful sales of products on outer markets, expanding sales geography and developing logistics. Yet, after a more detailed analysis of the…
The United Mining and Chemical Company has lately concluded contracts to supply 80 thousand tons of ilmenite to end customers in the EU and agents in the USA. According to the company’s post on Facebook, despite the risk of the wartime, last year it was able to sell more than 102 thousand tons. Scheduled sales…
The National Anti-Corruption Bureau is checking whether the state United Mining and Chemical Company has been exporting titanium to Russia when Dmytro Sennychenko was the head of the State Property Fund. “The pre-trial investigation is underway. We are looking for people connected to the operation of this criminal organization, as well as conditions of when,…
The United Mining and Chemical Company JSC losses amounted to 311.6 million UAH ($8.2 million) in 2023, down from a profit of 163.1 million UAH ($4.5 million) a year earlier. Net loss was 481.3 million UAH ($12.7 million). Undistributed profit (uncovered loss) totaled minus 651.428 thousand UAH, up by 298.36%. Gross income dropped by 20%.…
The State Property Fund has fired the first deputy chairman of the United Mining and Chemical Company Yaroslava Maksimenko, having appointed Yegor Perelygin instead. He has been heading the company from August 2021 till April 2022. In March, he returned to the company as a board member. In addition to Perelygin, the board was joined…
All the export deliveries of titanium raw materials by the United Mining and Chemical Company since the beginning of the full-scale Russian invasion have been to the end users in the USA and are used only for chemical processing, and not in the military complex. According to the State Property Funs, there is a number…