On 9 September, the Irshansk branch of UMCC Titanium welcomed a delegation from the State Property Fund of Ukraine, led by SPFU Head Dmytro Natalukha. Representatives of Expertise France and Ukrainian media also joined the visit.

UMCC Titanium’s management briefed the guests on the company’s results following privatisation, the current operations of its production facilities, social programmes, key challenges and future development plans.

Dimitri Kalandadze, CEO of UMCC Titanium, emphasised that the company continues to operate steadily, support its employees and fulfil its obligations to the state, even amid the ongoing war.

⁠“UMCC Titanium comprises two major production facilities and employs more than 4,000 people. Today, 565 of our colleagues are defending Ukraine in the Armed Forces. From the completion of privatisation through the end of the first half of 2026, the company paid nearly UAH 620 million in taxes and mandatory contributions. We ensure the timely payment of salaries, support our employees and their families, and maintain the social infrastructure of our facilities. For us, the company’s stable operation is a responsibility to our people, local communities and the state,” Dimitri Kalandadze said.

Rishad Aliyev, First Deputy CEO of UMCC Titanium and Group Director of Investor Relations at NEQSOL Holding, spoke about the investor’s role and the company’s performance.

He recalled that in 2024, NEQSOL Holding acquired 100% of UMCC Titanium through Cemin Ukraine. The transaction was valued at approximately UAH 4 billion, making it the largest privatisation deal in Ukraine since the start of the full-scale war. Following the completion of the privatisation, the investor has already provided the company with nearly UAH 2 billion in additional financing to support production and operating activities and prepare for modernisation.

⁠“2025 was a challenging year for UMCC Titanium: the company ended the year with its first loss in 25 years, amounting to approximately UAH 2.1 billion. At the same time, nearly UAH 2 billion of this amount resulted from the accounting impairment of doubtful receivables. In the first half of 2026, we are already seeing positive momentum: the company produced more than 68,000 tonnes of saleable products, approximately 84% more than in the same period last year. Revenue for the six-month period exceeded UAH 1.1 billion. These results demonstrate the potential of UMCC Titanium and the importance of long-term investment in the development of Ukrainian industry,” Rishad Aliyev emphasised.

The procedures for state export control of rutile and zircon concentrates were discussed separately during the meeting. More than 90% of UMCC Titanium’s products are export-oriented, and lengthy permitting procedures make it more difficult to fulfil contracts and weaken the company’s position in the international market.

According to UMCC Titanium’s estimates, since the arrival of the new investor, the company has lost approximately USD 35 million in potential revenue from sales of rutile and zircon. The company supports maintaining strict sanctions controls while introducing a faster, clearer and more predictable export mechanism.

⁠“The privatisation of UMCC Titanium sent an important signal to international investors and confirmed that Ukraine remains a country of significant investment opportunities even during the war. Today, it is important to work together to create conditions that will allow the company to develop production and increase exports. We are ready to work with the company and the relevant state authorities to find balanced solutions that take into account both the state’s security interests and the needs of Ukrainian producers,” said Dmytro Natalukha, Head of the State Property Fund of Ukraine.

During the visit, the delegation and journalists toured the production facilities of the Irshansk Mining and Processing Plant. The participants visited the open-pit mine, observed the operation of a walking dragline and a hydraulic mining unit, and toured the rough concentrate processing plant.

Such meetings help maintain an open dialogue between the company, the state, the investor and society. The example of NEQSOL Holding also demonstrates that international businesses are prepared to invest in Ukraine and develop its industrial potential even during the war.

UMCC Titanium’s key priorities include stable production, modernisation of its facilities, expansion of its resource base and the gradual development of higher-value-added production in Ukraine.