Alexander Zakharchenko: "Republic's economy is gradually stabilizing"

On Tuesday, June 13, the Head of the Donetsk People's Republic, Alexander Zakharchenko, paid a working visit to the Donetsk special-purpose welding materials manufacturer, LTD Arksel.

The Arksel plant specializes in manufacturing electrodes for various complexity level welding. Prior to the outset of military operations in Donbass, raw materials for the plant were supplied from Russia, China, India, and Korea. Manufacturing process had to be suspended in August 2014, as the main products consumers were located in the territory of Ukraine.

A wide local sales market was opened for the Arksel once the Republic had taken a number of Ukrainian jurisdiction enterprises under receivership.

Examining the production capacity of the plant, Alexander Zakharchenko noted that the launch of the enterprise had made a very important step towards stabilizing the economy of the Donetsk People's Republic.

"This enterprise is very important. Its relaunch will let us provide a number of our plants, taken under receivership, with electrodes. The plant was out of operation since 2014. Relaunching production facilities required a huge effort of the Industry and Trade Ministry in cooperation with the working staff. I am very glad that industry is working and developing in the Republic, the economy is gradually stabilizing. Yes, we still face problems, but they are being solved," said the DPR Head.

As noted by the DPR Minister of Industry and Trade Alexei Granovsky, the enterprise is gradually increasing its production capacities.

"This month it is planned to produce 29 tons of electrodes, and next month it will be 40 tons. Contracts have been chiefly concluded with Yenakiyevo, Donetsk, and Yuzovka metallurgical plants. Deals with enterprises of the Lugansk People's Republic are about to be signed," said Alexei Granovsky.

At the end of the working visit, Alexander Zakharchenko thanked the enterprise's working staff and representatives of the Ministry of Industry and Trade for good work.

Source: Official web-site of the DPR Head Alexander Zakharchenko
Official translation by DONi News Agency