The State Property Fund is working with the new management of Zaporozhye Aluminum Works to prepare the enterprise for privatization. Now ZALK is in a difficult financial condition, the result of the ineffectual management of the previous private owners. In 2001, 68% of the company shares were bought by AvtoVaz-Invest. Later, in 2006, the new…
Russia claims that with the help of its Kaliber missiles it has destroyed a large batch of Western weapons stored on the territory of Zaporozhye Aluminum Works. This is another Russia’s lie. Missiles destroyed old premises of non-operating shops with some rusty machinery. One employee perished. That’s how the super power wages war – shelling…
The supervisory fund of Zaporozhye Aluminum Works has elected Sergey Ignatovsky, the deputy chairman of the State Property Fund, its chairman. The decision was taken on January 23. Ignatovsky was appointed the supervisory fund member on December 23, 2019. The same day, the supervisory board appointed Sergey Kizilov the acting CEO of ZALK, having relieved…
The supervisory board of the Zaporozhye Aluminum Works has not prolonged the contract with the acting CEO Dmitry Lobikov appointing a board member Alexander Zaika instead. The decision was taken at the board meeting on January 30. Zaika was appointed from January 31. He has been appointed the acting CEO until the CEO is elected.…
This summer the State Property Fund announced the privatization of the Zaporozhye Aluminum Works state share. It was supposed to sell 68% in H2, but the privatization procedure is not going very fast. The state owns 68.0095% of ZALK shares, or 423,514,923 shares. A special auction commission has been created to sell the shares. It…
Shareholders of the Zaporozhye Aluminum Works have decreased the number of supervisory board members by 2 and replaced the existing board. Natalia Pavluyk, Natalia Kharina, Anastasia Mankivskaya, and Tatyana Kuzub have been reelected to the board, with Irina Kholodnova elected. All of them are the representatives of the main shareholder – the State Property Fund…
In January-September Zaporozhye Aluminum Works received 106.578 million UAH of net losses as opposed to 118.692 million UAH of net profit in 9 months of 2017. The company did not have any net income, while last year it totaled 31.891 million UAH. This year ZALK has not manufactured anything. (Ukrainian metal)
In January-June Zaporozhye Aluminum Works increased its net profit 71.7% YoY, to 390.898 million UAH. The uncovered losses as of the late June totaled 6.619 billion UAH. In H1 the works did not produce anything. In 2017 ZALK decreased net losses 2.9-fold YoY, to 279.486 million UAH. (Ukrainian metal)