Published On: Sun, Nov 19th, 2017

Armor Ceramics Launches Pre-ICO for Blockchain-Based Self Sufficiency in Ukraine’s Heavy Industry

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Aiming to reduce the Ukrainian heavy industry’s reliance on foreign import, Armor Ceramics has announced the development of a blockchain-based solution that cuts production costs through leaner and more efficient delivery of domestic production.
[Note: This is a press release.]
Home to one of the largest reserves of iron ore in the world, Ukraine is also a top 10 metal producer. With its vast supply of raw material necessary for the production of industrial refractory material, Ukraine has the potential for domestic production.
However, 30% of general refractory materials and 60% of refractory ceramics are imported, along with 20% of all molded products, representing a significant gap in local production yet to be filled.
Tackling Industry Inefficiencies 
A subsidiary of Savex Minerals Enterprise (Ukraine), Armor Ceramics is developing a quality control and tracking system that will revolutionize the way the industry deals with refractories, which is a highly sought after product in the national heavy industry sector.
Current estimates reveal that over half a million tons of refractory products are sold within Ukraine every year, with demand for rising steadily. Currently, these needs outstrip local production, with the industry relying heavily on foreign import to satisfy demand. However, this entails higher …

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