23 May 2013 Federation of Employers of Ukraine. Chemical Sector
200 Thousand Jobs Can Be Created In Chemical IndustryUkraine can reduce import by 10-15% if import substitution program is implemented in chemical industry. This was stated by the President of the Federation of Employers of Ukraine Dmitry Firtash.
“Protection and development of the domestic market are big recourses which are not fully used. Many industries can manufacture products imported from other countries. Only in chemical industry import substitution potential figures up to USD 10-13 billion a year”, – stressed President of the Federation of Employers of Ukraine.
According to him, Ukraine can increase production of goods made of rubber, plastic, chemical fibers, and tires. At this time, Ukraine imports about 80-90% of such products.
“If we develop production in Ukraine we will create new jobs. Our estimates show that if Ukraine manufacture imported products of chemical industry, nearly 150-200 thousand of new jobs will be created”, – said Dmitry Firtash.
President of the FEU noted that Ukraine should follow the example of developed countries that try to reduce volumes of import and use capacities within countries.
NOTEOn May 26 Ukraine celebrates the Day of Chemist. 6.5 thousand Ukrainian chemical companies employ more than 125,000 people. Chemical industry produces about 120 thousand kinds of products supplied to the domestic market and exported to more than 80 countries on four continents.
According to the State Statistics Service of Ukraine, in 2012 chemical industry accounted for 8.9% of total exports (6.058 billion dollars).
All articles...25 March 2016
ZTMC Enters the China's Market of Aerospace Products
ZTMC LLC, being a part of Dmitry Firtash’s Group DF titanium business, passed the audit of the BAOTi specialists, who confirmed that the titanium sponge produced at ZTMC can be used without restrictions in the production process of all...14 March 2016
Dmitry Firtash Increases Volume of Investments into the Economy of Ukraine
During the current year, Dmitry Firtash’s Group of Companies Group DF has being increasing the volume of investments in the real sector of Ukraine’s economy. In 2016, Group DF has increased the volume of investments in the Nika...29 January 2016
OSTCHEM Enterprises Increase Production Volumes
System improvement process allow the company to increase production volume and improve its competitiveness. The company noted that the work of the plant at full power provided not only stable jobs for workers in the chemical industry of the...10 April 2015
Group DF To Build MCC in Zhytomyr Region
Valky Ilmenite LLC, a part of Group DF’s titanium business, started implementing the project on the new mining and concentration complex construction in Zhytomyr region. Construction of the Stremigorodsky MCC will allow creating about...03 September 2014
OSTCHEM Launched Support Program For Farmers
OSTCHEM Chemical Holding, (consolidating Group DF’s fertilizer business), commenced implementation of a support program for small farmers. The major objective of this initiative is to help the agricultural producers in raising their business...07 May 2014
Dmitry Firtash To Invest USD 2.5 Billion in Petrochemiсal Production
The Chairman of the Group DF Supervisory Council Dmitry Firtash plans to invest $2.5-3 billion in petrochemical program during the next five years. This was stated by Dmitry Firtash during the teleconference07 May 2014
Gas Reserves Allow Four Dmitry Firtash’s Nitrogen Enterprises Operating at Full Capacity In 2014
Available gas reserves allow four Dmitry Firtash’s nitrogen enterprises operating at full capacity in 2014. It was stated by Dmitry Firtash. According to Dmitry Firtash, in 2013, 8 bcm of gas were pumped into the underground storages07 May 2014
Dmitry Firtash To Invest $150 Million in Nitrogen Enterprises Reconstruction
In 2014, $150 million will be invested in nitrogen enterprises being part of Dmitry Firtash’s Group of companies Group DF. This was stated by the Chairman of the Group DF Supervisory Council Dmitry Firtash14 April 2014
OSTCHEM Plants Increase Production
Investments directed to the development of Dmitry Firtash’s Group DF enterprises, have allowed to significantly increasing production in the Q1 2014. The implementation of a number of investment projects at OSTCHEM’s producers...05 February 2014
Group DF Invested UAH 150 Million In Crimean Soda Plant
In 2013, Group DF invested about UAH 150 million in development of Crimean Soda Plant, the largest manufacturer of soda ash and baking soda in Ukraine. This enabled implementation of strategically important investment projects aimed at development...20 November 2013
Group DF became the investor of Zaporozhye Titanium and Magnesium Combine
According to this agreement, the SPFU will transfer the assets of ZTMC SE to the statutory capital of ZTMC LLC, which will result in the SPFU obtaining a 51% share in the LLC statutory capital. Tolexis Trading Ltd25 May 2012
Dmitry Firtash: In The Coming Decade, Ukraine Can Triple Its Chemical Production Outputs
According to Mr. Firtash, the next 20 years are expected to see the global market growth to the level of $5.2 trillion. India and China featuring the fastest growth rates are projected to lead the market