Daily monitor

Metinvest B.V., a member of the Metinvest Group, was assigned a Ba3 corporate family rating with a positive outlook by Moody’s.

The 8M08 results for car production of the Bogdan Automobile Plant [LUAZ UZ, BUY] demonstrate 93.5% growth YoY. In August the company assembled 11,064 vehicles, amongst which were 2,773 KIAs, 5,334 Hyundai, and 2,957 VAZ cars.

The Interpipe Nyzhnyodniprovsk Pipe-Rolling Plant [NITR UZ, N/R] produced 49.4 thsd mt of pipes in August, down 6% MoM and 4% from the 7M08 monthly average. The 8M08 output of 408 thsd mt is up 1% YoY.

Khartsyzk Pipes & Tubes [HRTR UZ, N/R] produced 30.5 thsd mt of pipes in August, down 10% MoM but 26% higher than the 7M08 monthly average of 24.2 thsd mt. For 8M08 the output is 196 thsd mt, down 49% YoY.

The Dnipropetrovsk Pipes Plant [DTRZ UZ, N/R] produced 6.9 thsd mt of pipes in August, down 53% MoM and 52% from the 7M08 monthly average. The 8M08 output of 107 thsd mt is down 23% YoY.

The Dnipropetrovsk Metallurgical Plant named after Komintern, or Kominmet, [DMZK UZ, N/R] produced 19.6 thsd mt of pipes in August, down 10% MoM but only 1% from the 7M08 monthly average. The 8M08 output of 157 thsd mt is up 30% YoY.

The Interpipe Novomoskovsk Pipe-Rolling Plant [NVTR UZ, BUY] produced 25.4 thsd mt of pipes in August, down 14% from the 7M08 monthly average of 29.5 thsd mt but up 14% from July’s 22.3 thsd mt. The 8M08 output of 232 thsd mt is up 22% YoY.

Ukraine’s Parliament has finished vacations and commenced its new session on Tuesday, September 2.

The Ministry of Economy drafted new regulations for the Ukrainian government on soft commodity exports in 2008/2009.

Electricity production by four Gencos - Centrenergo [CEEN], Dniproenergo [DNEN], Donbasenergo [DOEN] and Zakhidenergo [ZAEN] - in January–August 2008 increased overall by 12.1% YoY, amounting to 36,839 mln kWh