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The State Property Fund is preparing to sell three factories in Zaporozhye

Photo: FGI

Each of the industrial enterprises will be a promising asset for investors in the future, the fund noted.

The State Property Fund is preparing for the privatization of three large Zaporozhye enterprises: Zaporizhia Titanium and Magnesium Combine, Kremniypolimer and Zaporozhye Aluminum Production Plant. This was announced by the press service of the fund on Tuesday, February 21.

It is indicated that the Deputy Chairman of the State Property Fund Yana Matieva visited industrial enterprises in Zaporozhye, discussed with the management their work and preparation for privatization.

The fund says each of the businesses will be a promising asset for future investors, because:

  • Zaporozhye Titanium and Magnesium Combine is the only manufacturer of sponge titanium in Europe;

  • Kremniypolimer is the only producer of organosilicon products (silicones) in Ukraine;

  • The Zaporozhye Aluminum Production Plant was the former flagship of the aluminum industry, the only producer of primary aluminum.

“Our goal is to prepare businesses for privatization and make them attractive to investors. We are directing funds from privatization to support the Defense Forces,” said Matieva.

Recall that from the beginning of 2023, the state budget has already received UAH 645 million from privatization. The most expensive objects for which funds have been received this year are the Ust-Danube port, the Vlasta hotel in Lvov and two distilleries.

The runway was illegally privatized in the Lviv region

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Source: korrespondent

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