"United Mining and Chemical Company" | News | VMMP to purchase mining equipment via ProZorro
VMMP to purchase mining equipment via ProZorro
31.10.2016In November, Vilnohirsk Mining and Metallurgical Plant, a subsidiary of SE UMCC, will participate in the tender of ProZorro public procurement system for the acquisition of 7 units of heavy-duty mining equipment, informed First Deputy Director General of SE UMCC Oleksandr Gladushko. The approximate cost of the purchase will exceed UAH 70 mn.
«We continue to direct our company’s profits at renewing fixed assets and acquisition of mining equipment. This is the priority investment for us on the even of privatization, as it will help increase the value of the company’s assets and ensure continuous operation and trouble-free stripping and mining at the open pit mines,” explains Gladushko.
Vilnohirsk plant, just as the plant in Irshansk, is expriencing shortage of mining equipment and its high degree of wear. “During the first year of management, SE UMCC aimed at stabilizing the operation of the plants in conditions of crisis in the titanium market. This policy brought results and allowed the company to stay on the market and increase its presence on it. Now we must move further; we must grow. Outdated equipment is an obstacle for the growth, which is why we made a decision to finance its renewal,” says Gladushko.