"United Mining and Chemical Company" | News | SE UMCC invests profits into renewal of its fixed assets

SE UMCC invests profits into renewal of its fixed assets
SE UMCC invests profits into renewal of its fixed assets

27.10.2016

Over the period of its operation, the state enterprise United Mining and Chemical Company invested around UAH 300 mn into acquisition of fixed assets, informed First Deputy Director General of SE UMCC Oleksandr Gladushko.
Over UAH 182 mn was spent on purchasing technological equipment at VMMP and over UAH 112 – at IMPP, he said. «By technological equipment I mean the mechanisms and equipment that are essential for the operation of the plants after they were returned from lease,” specifies Gladushko.
For instance, IMPP purchased pumping equipment, electrical switchgear and also equipment required by the social facilities of the plant, in particular its health center.
VMMP purchased transport vehicles, power equipment, measuring equipment, compressor stations, floating pumping stations and working equipment.
«We will continue to direct company's profits at acquisition of the required equipment in order to maintain the production in satisfactory condition on the eve of privatization,» comments Gladushko.
In particular, in the near future, VMMP will announce a tender for acquisition of heavy-load mining equipment. It is in need of replacement, as it gained significant wear and hasn’t been renewed over the period of the plants’ rent.