Privatization of «Sudmash» plant: e-auction will be held on June 10

On June 10, 2021, the state-owned stake in amount of 100% of authorized capital of PJSC «Kherson plant «Sudmash» will be auctioned.

The «Sudmash» plant is one of 17 objectswas transferred by the concern “Ukroboronprom” to the State Property Fund for further transparent privatization. These assets are not needed by the state to perform security function, they are in an abandoned state and require investment.

«Sudmash» has lost its former production capacity, the main range of products now - equipment for utility companies and fire and salvage units. Most of the plant's premises are not used. The company has taxes payable and debt to counterparties, the Pension Fund and employees.

At the same time, the object has a strong investment potential. «Sudmash» has 11 real estate objects with a total area of ​​about 33 000 sq. m and a land plot with an area of ​​6.5201 hectares.

The plant has mastered production of new types of products, including car lifts of various modifications and purposes, and received orders for this equipment.

As part of maintaining the core activities, the company also continues to produce ship’s sampling devices, bollards, ship waterproof doors, etc.

The plant is constantly working on the development of new metalworking technologies, reducing power consumption, participates in state import substitution programs.

The starting price of the asset is UAH 67 235 000 and accepting the applications for participation in the auction will last until June 9.

The terms of privatization provide for the preservation of social guarantees for employees, debt repayment, preservation of scientific and technical documentation in the technical archives of the company, etc.

All information about the object is available online - in the virtual data room at the link:https://bit.ly/3tMLr4A