At the Zaporozhye titanium and magnesium plant has a new leader

У Запорожского титано-магниевого комбината появился новый руководитель

The acting Director of LLC “Zaporozhye titanium-magnesium combine” elected Sergey Lubennikov, information on June 4 entered in the Unified state register of legal entities.

“The General meeting of participants of LLC “Zaporozhye titanium and magnesium plant” has chosen the acting Director of the company Sergey lubennikova”, – stated in the message.

It is noted that today, June 4, 2020 in the Unified state register of legal entities submitted information according to which Lubennikov officially acting Director of “ztmc”.

“The Foundation strongly suggests the order in the objects of state ownership to ensure the efficient operation of enterprises, which the Cabinet of Ministers defined the strategic. To replace the loss and corruption, we introduce a transparent system of effective management, which will create added value to give the profit to the state and well-paid jobs”, – the press service quoted Deputy Chairman of the state property Fund Sergey ignatovsky.

The Fund added that the new acting Director of “ztmc” Sergey Lubennikov has higher legal and economic education and over twenty years of experience in managerial positions in the field of metallurgy and fuel.

Candidate lubennikova 26 February 2020 was agreed by the Cabinet of Ministers of Ukraine on appointment of the acting Director of LLC “ztmc”.

As reported, LLC “ztmc” is created on the basis of the state enterprise “Zaporozhye titanium & magnesium combine” – the only in Ukraine and Europe manufacturer of sponge titanium. Production capacity, according to the project of construction of the enterprise is 20 thousand tons of titanium sponge per year.

OOO “ZTMK” on 51% belongs to the state property Fund of Ukraine and 49% of the company “Talexis trading limited”, where the beneficiary stated Dmitry Firtash. Management of corporate rights of the state to the Fund of state property.

In December 2018 Zaporozhye titanium-magnesium plant, owned by oligarch Dmitry Firtash, after the court returned to the state.

In March 2019, the court of cassation the Supreme court has returned for a new consideration of the case for the return of the plant to the state property.

Group DF owned by Firtash, said that they plan to appeal against the decision of the Cabinet of Ministers of 26 February 2020 on the appointment of the new head of LLC “Zaporozhye titanium and magnesium plant” Sergei lubennikova.