Business news from Ukraine

Business news from Ukraine

NOVA POSHTA OPENS FIRST PHASE OF PARCEL SORTING CENTER

5 March , 2018  

Nova Poshta, a leader in express delivery in Ukraine, has opened a first phase of the new parcel sorting center – Kyiv Innovative Terminal (KIT) in Zhuliany district of Kyiv City.
Co-founder of Nova Poshta Volodymyr Popereshniuk said on Friday, March 2, that the terminal can service over 350,000 parcels a day.
The first phase of the center can process only parcels and small parcels (envelops).
The center services the right bank area of Kyiv City and Kyiv region.
Vanderlande supplied sorting equipment. The capacity of the equipment is 8,500 bar-codes per hour (over 200,000 bar-codes a day).
Five faces of parcels are scanned with the speed of 2.3 parcels per second.
Popereshniuk said that in the future it is required to scan all six faces of the parcels for cutting the scanning time.
Another co-founder of Nova Poshta Viacheslav Klymov said that investment in construction of the first phase of the KIT terminal amounted to EUR 15 million. The half of the money is own funds from reinvested profit and the rest are borrowed funds.
“Ukrainian banks helped us a lot. This is a first large loan, as we have been developing for 17 years using own funds,” he said.
Popereshniuk said that the first phase is 80% of the readiness of the entire center, and it is likely that $5-10 million will be required to finish the project.
The KIT terminal was built in 2015-2017. Art Bud Service LLC acted as general contractor. The total area for construction is 23,900 square meters. The area of the first phase is 14,800 square meters.
The center processes over 400 trucks a day. A total of 750 employees will work there in four shifts.