Photo: the Company resumes work on new contracts

The enterprise was stopped because of concerns of losing money. After tightening of contracts, the plant working again.

Volnogorsky plant ahead of schedule resumed work, the press service of the United mining and chemical company.

To start, the company has managed thanks to new contracts for the sale of products.

“We now have a sufficient pool of reliable clients start to cooperate. Accordingly, it gives us the opportunity to restore production even earlier than planned,” said Deputy acting Chairman of the Board of OGHK Arthur Som.

Note, at the end of may the company suspended work because the contracts concluded by the former management assumed the sale of products at low prices.

Recently, the new leadership OGHK tightened contracts and will now work with contractors only on a prepayment basis, at market prices and without the possibility of deferred payments.

As you know, OGHK includes volnogorskiy mining and metallurgical plant and Irshansk ore mining and processing plant. In 2018, the company’s net profit amounted to USD 114.9 million UAH, and the total value of assets was estimated at 3.4 billion UAH.

Last week Gosgeonedr and OGHK agreed development Meiricea field that will ensure production of raw material for the decade.

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