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Novokramatorsky mashzavod stops all production facilities except metallurgical

Ukraine / Engineering
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The corresponding decision was made on February 27 during an emergency meeting of the company's management in order to save the life and health of workers and the production complex.

Novokramatorsky mashzavod stops all production facilities except metallurgical

Novokramatorsky Mashinostroitelny Zavod (NKMZ, Kramatorsk, Donetsk region) since February 28 mothball all production capacities, except for metallurgical ones, the conservation of which will take place after the completion of continuous metallurgical cycles. This decision was made during an emergency meeting with the participation of the company president, members of the supervisory board, directorate, chairman of the trade union and directors of divisions.

“Given the current situation, the management decided to temporarily stop work and conserve the enterprise. The conservation of all production facilities and premises, except for metallurgical ones, will take place from February 28, 2022. The conservation of metallurgical shops will take place upon completion of continuous metallurgical cycles. From February 28, only those employees who will be involved in the work of closing the reporting, paying wages for February 2022 and mothballing the enterprise will go to work. The corresponding order will be formed and posted on the official portal of the enterprise,” the press service of NKMZ said.

For all employees of the plant, the final payment for February will be made in full from March 4 to March 7, taking into account the salary paid to them on February 25 in the amount of 5 and 10 thousand hryvnias.

“We will definitely save the people and the plant,” NKMZ said in a statement.

Novokramatorsky Mashinostroitelny Zavod is the largest individual heavy engineering enterprise in Europe. It specializes in the production of rolling, metallurgical, forging and pressing, hydraulic engineering, mining, lifting and transport, specialized equipment, forgings and castings.

As reported, in January-September 2021, NKMZ reduced its net profit by 2.8 times compared to the same period in 2020 - to UAH 407.83 million, net income decreased slightly (by 2.2%) - to 4.7 billion hryvnia.

According to the National Securities and Stock Market Commission for the fourth quarter of 2021, the owners of blocks of shares in the amount of 33.5859% and 33.6298%, respectively, are Galina Savenko and Elena Yakovleva, another 8.909% belong to the president of NKMZ Georgy Skudar (by the beginning of 2014, he owned 77 %.

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