Saudi Arabia has started preparations for organizing batch production of new An-132 multipurpose aircraft with a carrying capacity of 9.2 tons being designed by Antonov State Enterprise (Kyiv) in cooperation with King Abdulaziz City for Science and Technology (KACST) and Taqnia Aeronautics Co. (both based in Saudi Arabia). KACST Director Khalid A. Almalki said at…
In January-June Kyivsky cardboard paper mill, a leader in Ukraine’s pulp and paper industry in terms of production and sales, produced 2.02 billion UAH worth of products, up by 15.7% YoY. According to the UkrPapir association, the mill saw a rise in production of corrugated cardboard packaging and production of base paper in kind in…
Ukraine’s Prime Minister Volodymyr Groysman has held a meeting with the leadership of the U.S. Department of Energy regarding the direction of deepening cooperation in the energy sector. “The energy sector reform is now one of the priorities for the government. The tasks on the agenda are as follows: to open access to the energy…
The sum of a transaction on the acquisition of a controlling stake in Naftogazvydobuvannia significantly exceeds a figure of $180 million voiced by the ex-chairman of the company Oleh Seminsky, the press service of DTEK reported. At the same time, the energy holding said they did not have the right to operate exact figures, because,…
The Cabinet of Ministers endorsed the concept of the Energy Efficiency Fund to be created. “Setting up the Energy Efficiency Fund will allow making very simple things, first of all, improve the efficiency of energy consumption. We have about 100,000 multi-apartment buildings, 7.5 million private households. We don’t need to do pilot projects but broad…
The owner and president of DCH Group Oleksandr Yaroslavsky who holds a controlling stake in Kharkiv Tractor Plant seeks to invest around 200 million UAH in the enterprise. “The plant could be restored within six months”, he said. He sees the plant producing tractors, and if the company receives an order from the state –…
Bogdan Corporation has started producing multipurpose KUNG vehicles (standardized military vehicle) at an automobile plant in Cherkasy. This will help the company to diversify risks related to the absence of passenger car production at the plant linked to the collapse of the automobile market in Ukraine. The plant seeks to make a wide range of…