Zaporozhye Aluminum Works has recalled its employees from the forced vacation, which started on August 17-18. Still the company is not producing aluminum wire rod because of the absence of raw materials (primary aluminum). “We were not producing wire rod in Q2 and Q3 because of two reasons: there were still products at the warehouse,…
In January-June the only primary aluminum manufacturer in Ukraine – Zaporozhye Aluminum Works – received 227.661 million UAH of net profit against the net losses of 281.994 million UAH in H1 2016. The company net profit totaled 15.456 million UAH. Other earnings reached 224.67 million UAH. (Ukrainian metal)
In 2016 the only primary aluminum producer in Ukraine – Zaporozhye Aluminum Works – decreased its losses by 61% YoY, or by 1.256 billion UAH, to 787.635 million UAH. According to the company statement, the value of its assets at the end of 2016 totaled 241.651 million UAH, current liabilities – 6.3 billion UAH, fixed…
The State Property Fund has announced a competition to select an evaluator of the state shares of the only primary aluminum producer in Ukraine – Zaporzhye Aluminum Works. The state has 68.01% stake (423.515 million shares). The evaluation of the company should be done as of February 28. The competition will take place on March…
The State Property Fund of Ukraine plans to put the 68.0095% stake of Zaporozhye Aluminum Works up for an auction in September. The privatization of the company will be carried out on the competition basis with open offers. The decision to return 68% of ZALK to the state was taken in May 2011 by the…
The government of Ukraine has ordered to privatize 68.0095% of shares of the Zaporozhye Aluminum Works, 75.224% of Turboatom and 99.999% of Oriana. According to the government order, the stakes in the above companies will have to be sold on transparent auctions by November 30, 2017. (Ukrainian metal)
In January-September Zaporozhye Aluminum Works, the sole primary aluminum producer in Ukraine, received 527.33 million UAH of losses, down 2.5 times, or by 809.55 million UAH YoY. According to the company statement, its net income totaled 1 million UAH (no income in January-September 2015). In Q3 ZALK received 245.74 million UAH of losses. (Ukrainian metal)
Russian aluminum giant UC RUSAL has filed a suit to the International Center for Settlement of Investment Disputes (ICSID) demanding Ukraine to redeem the company’s investment in Zaporozhye Aluminum Complex, a RUSAL representative reported. “Affiliates of RUSAL have turned to the ICSID with a request to compensate for the investment in Zaporozhye Aluminum Works. The…