Zaporozhye Titanium and Magnesium Works has chosen the auditor company Audit-finansy to conduct its 2015 financial audit for 199 thousand UAH. The offer was accepted on May 19. The audit is to be conducted within 60 days of the agreement signing. 5 other companies offered higher prices. (Ukrainian metal)
Zaporozhye Titanium and Magnesium Works was granted the right to supply spongy titanium to the Italian producer of aerospace and biomedical titanium wares TiFast. According to the company statement, it has passed the TiFast audit and received EN 9100 certificate that meets world aerospace standards. “For ZTMK TiFast is the second global company after Chinese…
Zaporozhye Titanium and Magnesium Works will be supplying spongy titanium to a major Chinese company – Baoji Titanium Industry Co., Ltd (BAOTi).
Zaporozhye Titanium and Magnesium Works has agreed to buy 5.01 million cubic meters of gas worth 42.69 million UAH from Energogazreserv.
In 2015 Zaporozhye Titanium and Magnesium Works produced 7.7 thousand tons of spongy titanium, up by 7% YoY.
Electricity supplies to Zaporozhye Titanium and Magnesium Works have been decreased to the minimal level needed to prevent emergencies. This was the result of the company electricity debts of 193 million UAH as of February 1.
The State Property Fund of Ukraine has suggested to privatize Zaporozhye Titanium and Magnesium Works.
Zaporozhye Titanium and Magnesium Works, a part of Group DF, has chosen Titan Ukrainy (Kiev) as the supplier of 18.5 thousand tons of ilmenite concentrate in 2016.