Nikopol Ferroalloy Plant

Nikopol Ferroalloy Plant (NFP) produces ferroalloys (ferrosilicomanganese and ferromanganese), welding fluxes, manganese sinter ore, granular slag and crushed stone, and anode paste for domestic production needs. In 1993, the plant opened a knitwear shop manufacturing women’s lingerie and tights under Nika trademark.

The plant is export-oriented — its ferroalloy products are exported to more than 50 countries all over the globe. In 2017, the share of export was 64%.

Location: Nikopol, Dnipropetrovsk oblast, Ukraine
Shareholders: The EastOne Group, the Privat Group
Markets: Ukraine, Turkey, Italy
Products: Ferroalloys

Production capacity

Production of ferroalloys 950 thousand tons
Production of welding fluxes 60 thousand tons
Production of anode paste 50 thousand tons

Staff and wages

Number of employees 5,912
Average wage* UAH 156,000 per annum

* per worker before taxes

Charts and tables

Production results, thousand tons

8007006005004003002001000
2012 555 kt2012
2013 394 kt2013
2014 629 kt2014
2015 571 kt2015
2016 689 kt2016
2017 687 kt2017
2018 736 kt2018
200150100500
2012 103 kt2012
2013 28 kt2013
2014 36 kt2014
2015 33 kt2015
2016 61 kt2016
2017 76 kt2017
2018 40 kt2018

Indicative sales structure by products in 2018

Indicative sales structure by markets in 2018

* structure of sales volumes, metric tons

Financial performance, $ million

 201320142015201620172018
Sales478668480438710721
EBITDA5512112-1415639
EBITDA margin11.4%18.1%2.5% -3.1% 21.9%5.41%
Net income-54270-2810011
Net income margin -11.3% 4.1% -0.1% -6.5% 14.1%1.48%
CAPEX5734510

Key facts

2019

In 2019, NFP plans to produce 738 ths tons of ferroalloys, incl. 710 ths tons of ferrosilicomanganese and 28 ths tons of ferromanganese.

In 2016

Tthe Eurasian Economic Commission imposed a 26.35% anti-dumping duty on ferrosilicomanganese imports from Ukraine. The duty applies to products of Nikopol, Zaporizhzhia and Stakhanov Ferroalloy Plants. The duty has been imposed for five years.

In 2017

The capacity for the production of ferrosilicomanganese was utilized by 83.0%, high carbon ferromanganese (Mn 75%–82%) by 71.4%, and middle carbon ferromanganese (Mn 85%–95%) by 95.7%.

In 2017

The share of NFP in the ferroalloy market of Ukraine was 75%.

Sources: websites of the companies, media outlets