UMG, an extractive company, has announced its repositioning as an investment business. We asked the company president, Andrey Gorokhov, why and for what purpose this is happening.

UMG Strategy Director Dmitry Anufriev will tell about how an internship can be a springboard for the career of active and committed students.

An effective public policy and economic incentives for waste processing are a win-win situation for the country and for business. Ukraine is ranked 83rd for ease of doing business and 162nd in economic freedom, but it makes the top five industrially developed countries in terms of stored waste.

Over the ten years of its existence, UMG Holding has united clay, limestone and ash assets and reached a synergy of commodities businesses.

UMG, which incorporates mineral extraction and processing assets of the SCM financial and industrial group, intends to raise more than $100m in foreign investments by 2021 to create new business areas.

According to preliminary estimates, UMG, which incorporates mineral extraction and processing assets of the SCM financial and industrial group, registered a year-on-year 26.9% decrease in EBITDA to $76m and a 6.3% decline in revenues to $164m in 2015

Constant development is a key characteristic of today’s successful business. Finding your niche and resting on your laurels is no longer an option. It is necessary to continuously move forward while staying on contact with your surroundings and watching your step. This is where you can discover a new business idea.

SCM Group is banking on creating an agricultural trading entity. However, the new line is not based on HarvEast, its specialized agricultural holding.