Business news from Ukraine

More Ukrainian distilleries to be privatized

14 December , 2023  

The government has amended the regulations necessary for further privatization of the unified property complexes of state-owned enterprises Ichnianskyi Distillery (Chernihiv region) and Chervonenskyi Food Product Plant (Chervone village, Zhytomyr region).
“According to the decision taken at the Cabinet of Ministers meeting on December 12, the State Property Fund received grounds to stop the reorganization of these plants and the opportunity to privatize them,” the Ministry of Economy said in a statement on Wednesday.
The ministry reminded that the government resolution of October 28, 2010, approved the reorganization of these two plants by merging them with the state-owned Ukrspyrt. However, the reorganization processes have not been carried out, and both are in a state of legal entity termination.
It is specified that in January 2003, the Ichniansky Distillery received permission to start producing high-octane oxygen-containing gasoline additives. The plant also produced ethyl alcohol (including rectified alcohol, Extra alcohol, Lux alcohol, and technical alcohol), as well as isoamyl alcohol for the needs of the chemical industry and bard, and alcoholic beverages. In 2014, it was no longer in operation.
“According to the Ministry of Economy, Krasnenskyi Food Product Plant is capable of producing organic solvents, glass cleaning liquids based on alcohol production technology, as well as alcohol, alcoholic beverages, liqueurs, fruit drinks, liqueurs, and juices. The raw materials used are molasses (molasses), sugar beet processing waste, and grain.

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