The Cabinet of Ministers is ready to nationalize "The Zaporozhye aluminum combine"

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The Minister of Fuel and Energy Yury Prodan allows nationalization of "The Zaporozhye aluminum combine".

"If owners can't (ensure functioning ZALKA), they can simply give it to the state", - he told.

The minister emphasized that the emergency stop ZALKA which is connected with debt of the enterprise on calculations for the electric power which makes about 41 million hryvnias began on November 3.

It is sold considers that the management of combine thinks first of all not of profitability of the enterprise, and of receiving excess profit that ZALKA inevitably leads to competitiveness falling.

Thus the minister noted that the stop of the enterprise is carried out with observance of all necessary norms.

The Zaporozhye aluminum combine is the only producer of primary aluminum in Ukraine. In 2007 I made 265 thousand tons of alumina and 113 thousand tons of aluminum. Revenue - 1,9 billion hryvnias, net profit - 95,2 million hryvnias. 97,5% of actions own the Russian company "RUSAL" of Oleg Deripaska.


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