Cryoin - Rare Gases Manufacturer

10/04/2022

Cryoin Engineering is located in southern Ukraine in the port city of Odesa. It exports neon to customers around the world, including in the U.S. It stopped production days ago, and shipments are already delayed.
Ukraine is one of major exporters of neon, used in lasers. They’re critical to the process of manufacturing semiconductors.
That means the chip industry is now facing a shortage of a critical supply — at a moment when it’s already stretched to capacity.
Read more at https://www.marketplace.org/2022/03/08/how-russias-invasion-ukraine-is-delaying-shipments-key-chipmaking-tool/

About 90% of semiconductors are created with lasers that require neon gas. Russia and Ukraine are major exporters of the element.

07/04/2022

Ukraine produces around 70% of global exports of neon gas. And one of the important suppliers is Cryoin Engineering located in Odessa.
A purified version of that gas is critical to chips that power mobile phones and other electric devices.
The ongoing conflict will affect the global production and supply of smartphones.
Learn more in the interview of Larissa Bondarenko to BBC.



https://www.bbc.com/news/live/world-europe-60685883?ns_mchannel=social&ns_source=twitter&ns_campaign=bbc_live&ns_linkname=62299c730ce87e491a0eed92%26%27I%27m%20supplying%20my%20employees%20with%20food%20and%20medicine%27%262022-03-10T06%3A51%3A43.228Z&ns_fee=0&pinned_post_locator=urn:asset:e1c0be90-830b-4b54-8010-a8cc6966551f&pinned_post_asset_id=62299c730ce87e491a0eed92&pinned_post_type=share

The US president restated that his country's military would not directly intervene against Russia.

07/03/2022

The Ukrainian Chamber of Commerce and Industry evidenced force majeure circumstances (force majeure): military aggression of the Russian Federation against Ukraine.

07/03/2022

“Concerns for rare gas production from Ukraine”, new article by Rob Cockerill, the Global Managing Editor of gasworld magazine:

With a significant percentage of the world’s semiconductor-grade neon production derived from Ukraine and Eastern Europe as a whole, concerns are being raised for the stability of rare gases supply as the Russian invasion of Ukraine continues.
The war in Ukraine is today, with a clearer picture emerging of the economic impact of the conflict.
The longer this crisis continues and escalates, the greater the volatility seen in global markets, at a time when those same markets are only just recovering from the effects of the global pandemic over the last two years.

It is not just the helium business that could be impacted by the current Russia-Ukraine war, however, with the rare gases business – and neon in particular – now coming into focus as the conflict continues.
Ukraine is one of the world’s major krypton, xenon and neon exporters. The potential for market disruptions is a growing concern.

Read more at https://www.gasworld.com/concerns-for-rare-gas-production-from-ukraine/2022760.article

With a significant percentage of the world's semiconductor-grade neon production derived from Ukraine and Eastern Europe as a whole, concerns are being raised for the stability of rare gases supply as the Russian invasion of Ukraine continues.

07/03/2022

ON THURSDAY MORNING, February 24, explosions rocked at least seven cities in Ukraine, heralding the start of a full-scale Russian invasion. Among Putin’s first targets was Odesa, a seaside city huddled around the Black Sea, and one of the country’s busiest ports. But it is also home to a little-known company called Cryoin, which plays a big role in the global production of semiconductors.
Cryoin makes neon gas, a substance used to power the lasers that etch patterns into computer chips.
It supplies companies in Europe, Japan, Korea, China, and Taiwan, but most of its neon is shipped to the US, the company told WIRED. Now analysts are warning that the ripple effects caused by disruption to Cryoin’s supply could be felt around the world.

Read more by the link below:
https://www.wired.com/story/ukraine-chip-shortage-neon/

Ukraine is home to half of the world's neon gas, which is critical for manufacturing semiconductor chips.

07/03/2022

On February 24, Cryoin top management made a decision to stop the production plants, as the war broke out in the country.
Operation in such conditions is not yet possible, as the safety of our people is the highest consideration.
As soon as it becomes possible, we will restore work immediately for the benefit of both Ukraine’s and global economy.
We ensure the safety and protection of jobs in the Company, and the taxes payments, which the country needs so much now.
Keep calm, do your best at the moment, please stay safe and