20 September 2013

OSTCHEM to invest UAH 1.5 billion in its chemicals producers in 2013

ostchemIn 2013, OSTCHEM holding will invest UAH 1.5 billion in its nitrogen chemicals producers.


This was announced by Dmitriy Firtash, Chairman of Group DF Supervisory Council, during a briefing at “Rivneazot” as part of the Chemists Union of Ukraine conference.


As part of this budget, UAH 264 million will be spent on implementation of investment projects, UAH 669.6 million on capital repairs, and UAH 541.6 million on modernization.


“We are carrying out our investment plan in full. Additional investments – some UAH 256 million – have been spent on production stability and safety improvements, as well as labour conditions improvements,” added Dmitriy Firtash.


Investment plans for 2014 are related to both modernizing the existing production capacities, and developing new productions.