The United Mining and Chemical Company and the Demurinsky Mining and Processing Plant will be offered as one lot within the framework of large-scale privatization.

The State Property Fund of Ukraine (SPFU) is preparing both state assets for privatization. Simultaneous privatization will strengthen the position of these assets on the market and obtain a guarantee for the development of enterprises in the titanium industry for the long term, the SPFU believes.

“If different investors buy out UMCC and Demurinsky GZK, they may not find a common language. If we put up a single lot, we may get a serious strategic investor and a guarantee of the development of titanium industry enterprises for the long term,” said the head of the SPFU, Oleksandr Fedoryshyn.

UMCC is one of the world’s largest producers of titanium raw materials, with 4% of the global market, and is among the top ten in the world in terms of production volumes. It is a leader in producing ilmenite, rutile, and zircon concentrates in Ukraine and Europe. The balance sheet value of the UMCC assets is currently ₴4.6B.