Tag Archives | ukraine

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Ukraine gas price hike could boost urea market prices

A report from Bloomberg suggests that Ukraine’s government may increase natural gas prices by 50% as it bows to IMF pressure. Urea prices could rise, according to an analyst at Alembic, because Ukraine is the marginal producer of urea and therefore the price setter. This could benefit urea producers globally including Sabic, Industries Qatar, Orascom […]

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Ukraine petrochemicals production dives by a quarter

Severe economic problems in Ukraine and neighbouring countries since the financial crisis have really hit demand for chemicals hard. GDP plummeted by 15% last year with all sectors of the economy affected. According to a new report out by companiesandmarkets.com, the construction sector virtually ground to a halt, with activity falling by around a half. […]

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Power slips from Ukraine’s Tymoshenko

Yulia Tymoshenko, Ukraine’s prime minister, has failed to secure a majority in the country’s 450-strong parliament. This moves her newly-elected rival, president Viktor Yanukovych, a step closer to removing her from office. Yanukovych, who beat Tymoshenko in February 7 elections, is trying to consolidate his position. The country has suffered from a lack of strong […]

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Ukraine auto production plummets, chemicals hit

Chemical producers in the Ukraine and exporters of polymers to the country’s auto industry must be facing a devastating drop in demand according to new figures out today.According to a new report by Companiesandmarkets.com, it is still suffering from the effects of the global recession, with signs of a recovery still few and far between […]

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Billionaire Kulczyk bids for Poland fertilizer firms

Poland’s billionaire businessman, Jan Kulczyk, is in talks to acquire the country’s two largest fertilizer firms, a source at the ministry told ICIS news this week.The entrepreneur, owner of Warsaw-based Kulczyk Holding and international investment house Kulczyk Investments has had behind-the-scenes talks with senior Polish treasury ministry officials, said the source.The report says he is […]

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IMF bailout good news for Ukraine

Ukraine is to receive a $3.4bn International Monetary Fund payment in November. This will help shore up the country’s ailing finances, including a huge budget deficit. Ukraine has been hit hard by collapsing demand for export such as steel. Its chemical sector has also suffered as domestic and regional sales collapsed in the wake of […]

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Cargo Ships Ply Their Trade At Odessa Port

Yara takes part in Odessa, Ukraine privatisation

Odessa portNorway’s Yara has applied for tender documents in Ukrainian privatisation. Brave western chemical companies are keen to enter fast-expanding eastern markets even if they are volatile. Yara is teaming up with the Libyan Government!According to chemie.de, “Yara International ASA has, through a subsidiary, applied to the State Property Fund of Ukraine (SPFU) for receiving […]

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Cargo Ships Ply Their Trade At Odessa Port

Ukraine chemicals, economy, contracts in Q2

Ukraine’s chemical industry is in a state of collapse with output slumping 31.1% in the second quarter, according to Bloomberg quoted in the Tehran Times.Ships at port in Odessa, Ukraine Photo by Uriel Sinai/Getty ImagesHere is the text: “Ukraine‚Äôs economy shrank an annual 18 percent last quarter, the second-deepest slump on record, after industrial production […]

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Ukraine ammonium producer Stirol: you learn something every day!

The blog has just met a new colleague at ICIS who told me about Stirol, a company I’d never heard of which may be one of Ukraine’s biggest chemical groups. I can’t find any financial information on the site to back up this claim.Stirol was the first company in the Soviet Union to produce ammonia […]

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Libya closes in on Ukraine chemicals plant and farm project

Ukraine has invited Libyan companies to bid for a large fertiliser factory, Prime Minister Yulia Tymoshenko said after talks with her Libyan counterpart, Al-Baghdadi Ali al-Mahmoudi, according to interactiveinvestor.com.“Ukraine has been trying to sell the Odessa Port chemicals plant for years and had been previously stopped by presidential decrees. This time round, President Viktor Yushchenko […]

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