Korosten Chemical Machinery Plant PJSC is convening its annual shareholders' meeting on April 30

29.04.2026    14:25

As previously reported, Korosten Chemical Machinery Plant JSC (“Khimmash,” Zhytomyr Oblast) ended 2025 with a net profit of UAH 2.756 million, which is 34.6% less than the corresponding figure for 2024 (UAH 4.22 million), according to information in the agenda of the general meeting of shareholders on the results of 2025.

According to the draft resolutions for the meeting scheduled for April 30, published on the company’s website, it is planned to allocate 5% of net profit (UAH 0.138 million) to the company’s reserve fund, while UAH 2.618 million will be used to cover losses from previous years.

Shareholders also plan to approve the results of the company’s financial and operational activities for the past year

Founded in 1949, the Khimmash plant specializes in the manufacture of, among other things, heat exchangers, condensers, refrigerators, and evaporators for the oil refining, petrochemical, and chemical industries, as well as air-cooling units, refrigeration and cryogenic equipment, and heating boilers.

According to the company’s website, in 2025 the plant maintained production volumes at the 2024 level and developed a renewable energy portfolio with a total capacity of 1 MW.

According to data from YouControl, Khimmash’s net revenue in 2025 amounted to UAH 166.35 million, which is slightly less than the 2024 figure. The uncovered loss as of early 2026 stood at UAH 4.56 million.

As reported, in the fall of 2024, the company launched the second phase of its own solar power plant, and two substations with a total capacity of 420 kW enabled the production cycle to be fully powered by electricity.

According to the NSSMC, as of the fourth quarter of 2025, more than 98% of the authorized capital of JSC “Himmash” belongs to the local LLC “Tis-Company,” and the ultimate beneficiary, according to YouControl, is entrepreneur Motrona Tishchenko, who is also a beneficiary of TD “Zhytomyrski Lasoschi” and several electricity-generating companies.

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