In 2017, VESCO, the clay producing business belonging to the UMG Investments investment portfolio, sold 3.05 m tons of clay, which exceeds the similar indices in 2016 by 36%.
“Investors need a long-term development strategy for Ukraine. It is important to predict the market situation while working in Ukraine and to understand the business growth strategy. Investors want to know when to sell or buy a business. The groundwork available for the country’s development strategy does not provide an answer to these questions,” said Andrey Gorokhov, CEO of UMG INVESTMENTS company, at the fourth Kyiv International Economic Forum.
In 2016, the flux and dolomite business of the UMG investment company, represented by the Novotroitskoye Ore Mining (NOM) and the Dokuchayevsk Flux and Dolomite Plant (DFDP), increased the sales of limestone products by 24.4% YOY, up to 3.4 million tonnes.
The UMG Resource company, which specialises in industrial waste management, in 2016 increased its revenue from the sales of ash-slag materials by 47.5% year-over-year—up to 149 million UAH.
SCM Group reports that today, on 15 March 2017, it has lost control over its assets based in the non-government controlled areas of Donetsk and Luhansk oblasts (NGCAs), namely:
Rinat Akhmetov directed all the necessary resources to rescue civilians in the settlements of active hostilities. This was announced today during the briefing at "Ukrainski Novyny" information agency by Rimma Fil, the Humanitarian Center's Coordinator.
UMG (Ukraine) entered into an agreement with Sibelco (Belgium) for the supply of slag, which is a waste product from Ukrainian coal thermal power plants (TPPs).