Restart of production at Ukrainian operations
Ferrexpo plc has announced the restart of production at its Ukrainian operations, utilizing one pellet line following a US$100 million fundraising. The company intends to focus exports on European customers due to ongoing Black Sea port and vessel attacks. This resumption of operations demonstrates the workforce's commitment and determination.
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Ferrexpo plc (LSE: FXPO), a producer and exporter of premium iron ore products, is pleased to announce the restart of production at its operations in Ukraine.
Following the US$100 million fundraising announced on 4 September 2026, the Company has mobilised its operations over the weekend and production has recommenced using one pellet line. Given the well documented attacks currently taking place on ports and vessels in the Black Sea, the Company intends to focus on exports to customers in Europe.
Commenting on the production restart, Lucio Genovese, Interim Executive Chair, said:
"We are pleased to restart production in Ukraine and I would like to thank our workforce, who have once again demonstrated their commitment and determination in being able to bring the operation back online over the weekend."
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.