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08.10.2014

CENTRAVIS ltd Supervisory Board meeting took place on 18-19 September

Supervisory Board Meeting of CENTRAVIS ltd took place on 18-19 September, the strategic guidelines of the Company`s development until 2020 have been discussed during the meeting. According to Yuriy Atanasov, CEO, CENTRAVIS PRODUCTION UKRAINE PJSC, ‘Discussion was very constructive, such factors as Company's market potential, prospects for further development of specific markets and products, conditions and resources necessary to achieve long-term goals have been fully evaluated."

The Board highly praised CENTRAVIS operation for 9 months of 2014. Board Members expressed confidence that the overall performance of the Company in 2014 will be substantially higher than the planned target.

Besides operational and financial issues the BOD discussed in detail the potential risks incurred by Donbass prolonged armed conflict, as well as the opportunities provided by Europe for Ukraine. The Board of Directors also considered in detail Capital Investment Program for the next 6 years proposed by the Company's Management exceeding substantially the investment budget approved in early 2013. In the issue it was recommended to clarify some program parameters for its final approval at the next Board Meeting in December. In opposite, the Board set a key target for Centravis team to improve internal processes efficiency and labor efficiency in effect.

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