Ukraine has an unhealthy relationship with refractory importing. For such a fast growing industry local supply has been unable to meet the demand causing an overwhelming 500 thousand tonnes of product to be imported each year. Importing comes at a heavy price for Ukrainian companies.
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These higher costs are paired with long delivery times, and a number of shortcomings associated with delivery and production of the foreign product. Reliability is turbulent for a lot of imported goods too, finding trustworthy verified suppliers can be arduous. The risk of low quality products is much higher when importing from multiple sources.
Currently the solutions to these issues involve expensive third party organisations to carry out the auditing process of the imported refractory products. This complex and lengthy process is still up to the discretion of the third party organisation and can create barriers to production time and quality.
First Place Solutions To Third Parties
A multi-faceted solution has been developed to approach this broad problem, and through Savex Minerals – a long standing supplier to metallurgical and ore-dressing plants: an effective subsidiary was born. Known as Armor Ceramics, it has set out with a goal to build a self-sustainable refractory market inside of Ukraine to eliminate the need for foreign import. Combined with their blockchain system ‘SupChain’, Armor Ceramics will be the first Ukrainian company to provide a transparent system for quality control.
Supchain is an elegant combination of industry and blockchain technology that creates a tracking system for products and the history of their origin. What this creates is a transparent and reliable network of data around the refractory products. Fundamentally removing the need for expensive third-party auditing while upholding the advantages they originally bought with them.
A traceability network, with access to product origins and production parameters from anywhere in the world without having to involve inspectors and auditors will significantly improve cost. Not only this, but with its domestic production plants, Armor Ceramics aims to replace one-third of all imports by reducing delivery times, and cutting the cost of production by 15-20%. Combined with Supchain technology the import strain can be reduced while maintaining a high level of quality.
Armor Ceramics TGE
Armor Ceramics is seeking the necessary funding to build new domestic production systems. The pre-TGE will be launched to determine the hardcap for the TGE. If successful, the enterprise has the potential to bring in $250,000 of profit each month. Armor Ceramics’ token (ACR) will grant TGE participants with a proportional share of the company’s profits. All holders of ACR will be able to collect dividends in accordance with their shares. However, ACR tokens do not allow participants to maintain a vote in the management of the company.
40 million of tokens will be issued at the initial price of $1, with all unsold tokens destroyed after the initial offering period. The amount of tokens sold will be equal to 50% of the company’s profit. Payments are expected to begin 22 months after the company is cash flow positive.
To find out more, Visit the Website: http://www.armorceramics.co/#about