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Another Ukrainian enterprise in titanium industry will be sold this year

17 January 2013
Another Ukrainian enterprise in titanium industry will be sold this year

Ukrainian manufacturer of titanium dioxide

public joint — stock company «Sumykhimprom» — will be sold this year. About

this was stated by the representatives of the state property Fund of Ukraine (SPFU),

the controlling package of previously owned state assets. According to

market analysts, the most likely buyer of the company is businessman

Dmitry Firtash, which has concentrated the main company

titanium and chemical industries of Ukraine.

We recall, of its intention to sell

Sumy plant of the Cabinet of Ministers said last summer

(the corresponding decree under the number 469-R was prepared July 11).

Transfer of titanium asset in the hands of a private investor, was also planned

last year, however a contest to define a new

owner for PJSC «Sumykhimprom» until now has not been announced.

The last of the SPFU sold objects

titanium industry — LLC «Zaporizhzhya titanium and magnesium plant» — found himself

a new owner recently: the state property Fund officially announced

bidder 3 Jan 2013. They became offshore company «Tolexis

Trading Ltd.» (Cyprus), a member of the group enterprises mentioned above entrepreneur

Dmitry Firtash. Rival Ukrainian businessman was made by the company «LCMA»

(Luxembourg, owner — Igor

Turkin, Russia). However, a lot of the competition went to local oligarch

planning the creation of a single structure in domestic industry production and

processing of titanium raw materials.

16 January 2013
18 January 2013