Business news from Ukraine

ARTYOMSOL TO USE UAH 199.6 MLN FOR MODERNIZATION IN 2017

17 February , 2017  

KYIV. Feb 17 (Interfax-Ukraine) – The Ministry of Agricultural Policy and Food has approved the financial plan of state enterprise Artyomsol, which provides for the allocation of UAH 199.6 million for modernization of production.

According to a press release from Artyomsol, these funds will be spent on modernization and reconstruction of workshops, the introduction of advanced equipment and technology, the modernization of mine technical and technological equipment.

“A significant amount of funds, which we will spend on the replacement of obsolete and the purchase of new equipment, will allow us, first of all, creating safe working conditions and improving the enterprise’s efficiency. In addition, we continue to work on improving the quality of products and increasing the product range,” Artyomsol head Volodymyr Dolia said.

Artyomsol is the largest enterprise for production and sale of table salt (NaCl) in Central and Eastern Europe. Its production facilities are located in Soledar (Donetsk region). The company exports its products to 19 countries. About 35% of the company’s products are sold in Ukraine, and the rest are supplied abroad (data for 2016).