More on Stakhanov

There was a lot of interest in the restarting of Ukraine’s Stakhanov ferrosilicon plant. Dmitry Nadtochiy commented:

“I have also information that one furnace at Stakhanov will start in Apr’18. Former shareholders will not be involved in production and marketing but maybe involved in profit sharing. But I wonder why do you think Ukraine government wants plants to restart in the disputed areas?”

My comment: Remember, Privat was thought to be the ultimate owner of Stakhanov and the plant may be involved in the PrivatBank scandal.  So who owns the Stakhanov now? And is Felman the marketer? In answer to Dmitry’s question, what better way to exert control and show you have secured the area than restarting the plant?

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Alex Andreev
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Alex Andreev

Patrick, Stakhanov Plant (as well as two other plants which belong to Privat) has a very far connection to PrivatBank, as the latter had no industrial (including ferroalloy) assests in its balance sheet after the nationalization. As for the metallurgical industry in the uncontrolled area of Ukraine, all plants are feeded by raw materials from Russian side, Ukraine is not involved