Odessa port resumes operation after two months of inactivity

The plant began today


PJSC “Odessa port plant” resumes after two months of inactivity. About this in Facebook said the first Deputy Chairman of the Board of IPF Nicholas Surikov.

“Today began the launch of the plant! While involved tolling scheme, but are working on all possible options,” wrote Surikov.

We will remind, after two unsuccessful attempts of privatization of AES in the end of December 2016, said the decision to temporarily stop production due to high prices for natural gas and accumulated debts for its delivery.

The company said the search of companies interested in the lease of the integral property complex of the plant for a long period.

In February 2017 the shareholders of the SCR gave a preliminary consent to the lease of the integral property complex of the enterprise.

The shareholders also agreed on a restructuring of the debt of the enterprise before “Naftogaz of Ukraine” for the gas supplied, as of 1 April 2017, in equal installments for a period of two years without interest, according to the decree of Cabinet of Ministers No. 1018-R dated 28 December 2016.

After the deterioration of external markets, the company has become unprofitable. For the first nine months of 2016, its loss was $ 560,52 against 205,3 million UAH million UAH of net profit for the first nine months of last year, including a third quarter net loss was equal to 316,58 vs 53,35 million UAH million UAH of net profit in the third quarter of last year. HMO net income for the first 9 months of this year decreased by 2.1 times – up to 4,024 billion.

State-owned OPZ produces chemical products, is engaged in handling ammonia by sea.