The government supports the plants of Ostchem group

2017-07-12 15:04:00
Machine translation
The government supports the plants of Ostchem group

After receiving the "Agrarian Fund" of orders for 1 billion UAH was able to resume work the factories, part of Ostchem group ("Nitrogen", "Severodonetsk Azot" and PJSC "Rivneazot").


For fertilizers "the Agricultural Fund" was allocated almost 1 billion UAH, most of which (750 million) have been extracted from the reserves of the company.


"These funds are temporarily free within the limits of "Ukrgasbank" credit. They had to go forward to development programmes, however, based on the need to prevent panic among farmers and stabilize domestic market of mineral fertilizers, we decided to list a tranche of the group Ostchem", - reported in the Agricultural Fund.


For multimillion debts Ostchem by contractantes on his part was going to be the company "the Status of trade", which now goes to financial monitoring.


Recall that from June 16, resumed work "Azot" in Cherkassy, from July 5 – In Rivne and 7 July in Severodonetsk. Earlier, these plants was stopped due to lack of working capital and competition from Russian producers.