Law enforcers have detained the director of the Zaporozhye Titanium and Magnesium Works on suspicion of 492 million UAH embezzlement. “The detention was carried out within the investigation, started by the detectives of the National Anticorruption Bureau in June, as to the abuse of office by the officials of ZTMK, which led to the embezzlement…
In 2015 Zaporozhye Titanium and Magnesium Works paid 43.1 million UAH of dividends to the state. Last year the company received 112.8 million UAH of net profits. 75% of the profits (84.6 million UAH) were spent to pay dividends, 20% – on the works development and 5% remained in the reserve fund. “Despite the tough…
Zaporozhyeoblenergo power company has limited energy supplies to Zaporozhye Titanium and Magnesium Works because of the 300 million UAH debt for electricity. The power company informed ZTMK about the debt and its intention to limit electricity supply. On February 9, ZTMK was cut from electricity for a debt of 193 million UAH, but shortly after…
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.