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Nikopol Ferroalloy Plant

Nikopol Ferroalloy Plant is a producer of Manganese Ferroalloy and related material located in Ukraine.[1]

Nikopol Ferroalloy plant
Nikopol's'kyi Zavod Ferosplaviv
(Никопольский завод ферросплавов)
TypeJoint stock company
IndustryAuxiliary steel industry
Founded1958
Headquarters,
Key people
Chairman of the Board, CEO : Ruslan Valeriyovych Ponomarenko[1]
ProductsManganese alloys (bulk)
Websitenzf.com.ua

Background

The plant is one of the largest global producers of manganese alloys, and is situated in the Dnepropetrovsk region of Ukraine, close to large manganese ore deposits. The two main products of the plant are Ferromanganese (FeMn) and Ferrosilicomanganese (FeSiMn)[2]

Plant capacity is over 1 million metric tonnes of silicomanganese and 250,000 tonnes of high carbon ferromanganese, along with significant production capabilities in materials required for manganese production (fluxes).[2] Additionally waste slag supplies the construction industry.[3] The alloys are produced from manganese ore and coke in an electric arc furnace.[2]

Company history

In 1958 the USSR council of ministers gave a decree for the construction of a manganese ferroalloy plant at Nikopol in Ukraine. Including the factory buildings a water supply and electricity supply had also to be built. By 1966 the factory was sufficiently complete for the first tapping of No.1 furnace.[4]

By 1975 over 2 million tonnes of silico-manganese had been produced. In the troubled times of the 1990s brought about by the collapse of the Soviet Union and Ukrainian independence the factory had difficulty obtaining raw materials, and even the electricity to power the furnaces was in short supply. Nevertheless, by 2004 furnace No. 14 produced its first million tons of alloy.[5]

Privatisation and de-privatisation

In 2003 as part of a governmental privatisation plan a 50% stake in the plant was sold to Interpipe Group for 80million dollars considered to be a fraction of its true worth. A further 26% was acquired by the Privat Group.[6] The sale later became part of a political scandal in Ukraine relating to privatisations as well as court proceedings to undo the privatisation.[6] The situation echos similar problems with the privatisation of other major Ukrainian industrial concerns, including Luhanskteplovoz and Kryvorizhstal; both being also sold for under market value, in privatisation sales that were later reversed. The company was also fought over by the two major stake holders Privat Group and Interpipe.[7]

Investigations into abuse of authority by the state officials during the initial privatisation have taken place,[8] and the sale was declared illegal in 2005[9] with attempts to block any further privatisation attempts made in 2006.[9]

 
Panorama of the plant

See also

References

  1. ^ a b "Nikopol's'kyi Zavod Ferosplaviv VAT (Public, KSE:NFER)". www.google.com. Google Finance. Retrieved 23 September 2010.
  2. ^ a b c "Nikopol Ferroalloy Plant" (PDF). www.steelex.ch=. 2003. Retrieved 23 September 2010.
  3. ^ Никопольский завод ферросплавов : Продукция. nzf.com.ua (in Russian). Nikipol Ferroalloy Plant.
  4. ^ Никопольский завод ферросплавов : История. nzf.com.ua (in Russian). Nikipol Ferroalloy Plant.
  5. ^ Никопольский завод ферросплавов : История. nzf.com.ua (in Russian). Nikipol Ferroalloy Plant. (2nd page).
  6. ^ a b Serhiy UMANSKY (July 29, 2005). "The price for the Nikopol Ferroalloy Plant". www.mw.ua. Zerkalo Nedeli.
  7. ^ Vitaliy Tretyakov (5 November 2008). "Privat Group, Ukraine". biz-in.ua.com. Business in Ukraine. Ferroalloy Mills.
  8. ^ "Prosecutor General Office instituted legal proceedings against former State Property Fund officials, suspected of misuse of authority during privatization process of Nikipol Ferrous Alloy Works and KryvorizhStal". www.nrcu.gov.ua. National Radio Company of Ukraine. 13 February 2006.
  9. ^ a b "Ukrainian parliament amended list of state assets not subject to privatization to include Nikopol ferro-alloy plant". www.nrcu.gov.ua. National Radio Company of Ukraine. 10 February 2006.

nikopol, ferroalloy, plant, producer, manganese, ferroalloy, related, material, located, ukraine, nikopol, ferroalloy, plantnikopol, zavod, ferosplaviv, Никопольский, завод, ферросплавов, typejoint, stock, companyindustryauxiliary, steel, industryfounded1958he. Nikopol Ferroalloy Plant is a producer of Manganese Ferroalloy and related material located in Ukraine 1 Nikopol Ferroalloy plantNikopol s kyi Zavod Ferosplaviv Nikopolskij zavod ferrosplavov TypeJoint stock companyIndustryAuxiliary steel industryFounded1958HeadquartersNikopol Dnipropetrovsk ob UkraineKey peopleChairman of the Board CEO Ruslan Valeriyovych Ponomarenko 1 ProductsManganese alloys bulk Websitenzf com ua Contents 1 Background 2 Company history 2 1 Privatisation and de privatisation 3 See also 4 ReferencesBackground EditThe plant is one of the largest global producers of manganese alloys and is situated in the Dnepropetrovsk region of Ukraine close to large manganese ore deposits The two main products of the plant are Ferromanganese FeMn and Ferrosilicomanganese FeSiMn 2 Plant capacity is over 1 million metric tonnes of silicomanganese and 250 000 tonnes of high carbon ferromanganese along with significant production capabilities in materials required for manganese production fluxes 2 Additionally waste slag supplies the construction industry 3 The alloys are produced from manganese ore and coke in an electric arc furnace 2 Company history EditIn 1958 the USSR council of ministers gave a decree for the construction of a manganese ferroalloy plant at Nikopol in Ukraine Including the factory buildings a water supply and electricity supply had also to be built By 1966 the factory was sufficiently complete for the first tapping of No 1 furnace 4 By 1975 over 2 million tonnes of silico manganese had been produced In the troubled times of the 1990s brought about by the collapse of the Soviet Union and Ukrainian independence the factory had difficulty obtaining raw materials and even the electricity to power the furnaces was in short supply Nevertheless by 2004 furnace No 14 produced its first million tons of alloy 5 Privatisation and de privatisation Edit This section s factual accuracy may be compromised due to out of date information Please help update this article to reflect recent events or newly available information January 2012 In 2003 as part of a governmental privatisation plan a 50 stake in the plant was sold to Interpipe Group for 80million dollars considered to be a fraction of its true worth A further 26 was acquired by the Privat Group 6 The sale later became part of a political scandal in Ukraine relating to privatisations as well as court proceedings to undo the privatisation 6 The situation echos similar problems with the privatisation of other major Ukrainian industrial concerns including Luhanskteplovoz and Kryvorizhstal both being also sold for under market value in privatisation sales that were later reversed The company was also fought over by the two major stake holders Privat Group and Interpipe 7 Investigations into abuse of authority by the state officials during the initial privatisation have taken place 8 and the sale was declared illegal in 2005 9 with attempts to block any further privatisation attempts made in 2006 9 Panorama of the plantSee also EditFC Elektrometalurh NZF NikopolReferences Edit a b Nikopol s kyi Zavod Ferosplaviv VAT Public KSE NFER www google com Google Finance Retrieved 23 September 2010 a b c Nikopol Ferroalloy Plant PDF www steelex ch 2003 Retrieved 23 September 2010 Nikopolskij zavod ferrosplavov Produkciya nzf com ua in Russian Nikipol Ferroalloy Plant Nikopolskij zavod ferrosplavov Istoriya nzf com ua in Russian Nikipol Ferroalloy Plant Nikopolskij zavod ferrosplavov Istoriya nzf com ua in Russian Nikipol Ferroalloy Plant 2nd page a b Serhiy UMANSKY July 29 2005 The price for the Nikopol Ferroalloy Plant www mw ua Zerkalo Nedeli Vitaliy Tretyakov 5 November 2008 Privat Group Ukraine biz in ua com Business in Ukraine Ferroalloy Mills Prosecutor General Office instituted legal proceedings against former State Property Fund officials suspected of misuse of authority during privatization process of Nikipol Ferrous Alloy Works and KryvorizhStal www nrcu gov ua National Radio Company of Ukraine 13 February 2006 a b Ukrainian parliament amended list of state assets not subject to privatization to include Nikopol ferro alloy plant www nrcu gov ua National Radio Company of Ukraine 10 February 2006 Retrieved from https en wikipedia org w index php title Nikopol Ferroalloy Plant amp oldid 1096205343, wikipedia, wiki, book, books, library,

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