Zaporozhye Ferro Alloys Plant resumed operation on May 1. The company has been idle since March 2023 due to high electricity prices and low ferroalloy prices on global markets. According to the company chairman Pavlo Kravchenko, at present electricity is still very expensive. “We have launched two furnaces, 7% of our capacities,” he said. The…
In January-September 2023, Zaporozhye Ferro Alloys Plant received a net loss of 677.9 million UAH, as opposed to net profit of 1.001 billion UAH. Net income dropped by 68.1%, to 1.357 billion UAH. Undistributed profit amounted to 3.879 billion UAH. (Ukrainian metal)
Zaporozhye and Nikopol Ferroalloy Plants, both part of the Privat Group, have suspended operation. The furnaces have been shut down for winter due to the problem with the constant supply of electricity and water. While in shutdown, the plants will focus on repairs. Breaks in electricity and water supply affect technical conditions of furnaces. Moreover,…
Shareholders of Zaporozhye Ferro Alloys Plant intend to leave all the profit received in 2018 (112.581 million UAH) undistributed. According to the agenda of the meeting scheduled for May 21, the dividends will not be paid. In 2019, the company received a net loss of 600.669 million UAH. As of late 2019, the undistributed profit…
In January-September, Zaporozhye Ferro Alloys Plant decreased ferroalloys output by 23% YoY, to 153.3 thousand tons. In particular, silicomanganese manufacture dropped by 34.6%, to 71.65 thousand tons, and ferrosilicon – by 20.4%, to 44.88 thousand tons, while ferromanganese grew by 23%, to 34.56 thousand tons. Metallurgical manganese output fell by 56.8%, to 2.21 thousand tons.…
In early June, Zaporozhye Ferro Alloys Plant passed a recertification audit for the compliance of the quality management system to the requirements of the international standard ISO 9001:2015. The inspection has been carried out by the specialists of the Bureau Veritas Certification Ukraine. The only inconsistency in the quality management system noted by the experts…
In January-August Zaporozhye Ferro Alloys Plant increased output by 9.1% YoY, to 177.66 thousand tons. In particular, the company produced 95.77 thousand tons of silicomanganese, up by 18%, 52.18 thousand tons of ferrosilicon, up by 2.7%, and 25.13 thousand tons of ferromanganese, down by 2.5%. Metallic manganese manufacture decreased by 10.2%, to 4.58 thousand tons.…
In January-March, Zaporozhye Ferro Alloys Plant increased output by 13.6% YoY, to 67.3 thousand tons. In particular, silicomanganese manufacture grew by 18.2%, to 34.23 thousand tons, ferrosilicon – by 12%, to 21.9 thousand tons, and ferromanganese – by 6.6%, to 9.33 thousand tons. At the same time, the output of metallic manganese decreased by 6.6%,…
