KIEV, March 26 - The Ukrainian association of large cement and concrete makers Ukrcement has reduced its 9.431 million-ton forecast for cement production in the country this year by more than 25% to 7 million tons.
ZAPORIZHIA, March 26 – Zaporizhia Regional Economic Court has issued a ruling on collecting $21 million from Bearco S.A. (Switzerland) in favor of Zaporizhia Titanium and Magnesium Combine (ZMTC) due to the non-observation of a credit agreement, which caused losses to the mill.
KIEV, March 26 – The Antimonopoly Committee has opened a case against 15 fuel traders for collusion in increasing gasoline and diesel fuel prices on the Ukrainian retail fuel market.
KIEV, March 26 – The National Electricity Regulatory Commission will increase retail tariffs for electricity for 111 metals, mining and chemical companies that have privileges for the second quarter of 2010, according to the commission's head, Serhiy Titenko.
KIEV, March 28 ??“ DTEK, a coal producing and power generating unit of System Capital Management, plans to raise at least $300 million on foreign markets by the end of 2007 to invest in energy assets.
KHARTSYZSK, March 28 ??“ Khartsyzsk pipe plant, a major producer of steel pipes, is holding talks with metal producers in Japan and South Korea to buy skelp supplies for pipe production.
KIEV, March 28 ??“ The International Finance Corporation (IFC), the private sector arm of the World Bank Group, has opened a 10-year, $7-million first housing finance credit line for the International Mortgage Bank (IMB), the IFC reported.
DONETSK, March 28 - Steel mills represented by Metinvest, which runs the mining and metals sector assets of System Capital Management (SCM), plan to raise output 10% in 2007, Ihor Korytko, head of Metinvest Holding's steel division, said.
KIEV, March 28 ??“ Ukraine will next year seek to auction for at least 800 million hryvnias a license allowing extraction of oil and gas condensate from a field in the Kharkiv region, an official said.
MOSCOW, March 28 - Motor Sich, the biggest producer of aircraft engines in the former Soviet Union, has secured a contract to supply eight engines to power an amphibious multipurpose aircraft Be-200, a company official said.