Ukraine: SPF sets task to stabilize financial situation at ZALK
Zaporozhye Aluminum Works is to stabilize the financial and economic situation at the enterprise in 2016 and keep away from wage arrears.
Zaporozhye Aluminum Works is to stabilize the financial and economic situation at the enterprise in 2016 and keep away from wage arrears.
In January-March the only Ukrainian primary aluminum producer Zaporozhye Aluminum Works received 577.18 million UAH of losses.
In 2015 Ukraine’s only primary aluminum producer – Zaporozhye Aluminum Works received 2043.75 million UAH of losses.
The only producer of primary aluminum in Ukraine – Zaporozhye Aluminum Works – plans to start producing aluminum wire rod and silicon at the expense of selling unused assets.
The supervisory board of the Zaporozhye Aluminum Works has elected Dmitry Lobikov the CEO of the company.
The Supervisory board of the only Ukrainian primary aluminum producer Zaporozhye Aluminum Works (ZALK) has appointed Anna Matis its chairman.
In January-September Zaporozhye Aluminum Works received 1336.89 million UAH of net losses, up by 11.7% YoY (1197.07 million UAH).
The State Enterprise United Mining and Chemical Company, operating Volnogorsk Mining and Metallurgical Complex (VGMK) and Irshansk Mining and Processing Works (IGOK), has won a tender to supply ilmenite concentrate to Zaporozhye Titanium and Magnesium Works (ZTMK).