KYIV. Jan 29 (Interfax-Ukraine) – UMG Holding, uniting assets in the raw materials sector, industrial production and sales of the SCM financial and industrial group, plans to raise over $100 million of foreign investment by 2021 to create new business directions.
UMG Holding President Andriy Horokhov said at a briefing on Thursday that these goals are outlined in the company’s development strategy for the period until 2021.
Among other strategic plans are the further development of existing businesses and the achievement of the annual turnover of over $300 million, while in 2015 revenue was $164 million.
Horokhov said that it is planned to launch five new business directions in the raw materials and adjacent segments, depending on demand on the market.
UMG in 2007-2015 invested $82 million in business, and the investment plan to support existing production in 2016-2013 is $115 million.
UMG Holding is a diversified holding company focusing on asset management in the raw materials sector, industrial production and sales. It was founded in 2006 as clay production business.
At present, the holding works in three key directions: clay production, flux and dolomite production and processing and sale of ancillary products of thermal power plants.
