Business news from Ukraine

Companies from UK and Ukraine to supply food ingredients, packaging to Ukraine

12 January , 2021  

The supply chain company Czarnikow (the UK) has signed a representative agreement with the Ukrainian company Entrypoint, created by the ex-managers of Astarta, to finance, procure and supply food ingredients and packaging for companies in Ukraine, Entrypoint said in a press release.

“This partnership is built on Entrypoint’s long standing history in the food and beverage industry in Ukraine, and surrounding markets, together with Czarnikow’s global presence, supply chain capabilities, financing and sourcing,” William Rook, Czarnikow Director and Head of Ingredients, said.

Mykola Kovalski, the co-founder of Entrypoint, has collaborated with Czarnikow in the past through his work with leading Ukrainian food and energy businesses. He was Business Development Manager at Astarta Group, Ukraine’s leading sugar producer.

“As consumer demand across the region is becoming more exquisite and diverse, Entrypoint will be instrumental in connecting Czarnikow with reliable end buyers,” he said.

“Having signed an agency agreement with Entrypoint Group, a business intelligence consultancy in Ukraine, Czarnikow will be leveraging its global platform to competitively source, ship and finance food ingredients and packaging to Ukraine and the surrounding markets of Moldova, Georgia and Belarus,” the report says.

“Best known for its 160 years of experience in the global sugar market, in recent years Czarnikow has expanded its product offering to include food ingredients and packaging such as dairy, sweeteners, fruit and PET. These products have brought new opportunities both with longstanding, established clients and new potential markets. To make the most of new opportunities, Czarnikow is working with individuals with local on-the-ground understanding of specific regions,” according to the press release.

Entrypoint provides transaction and risk advisory services with a regional focus on Ukraine, the former Soviet Union and Eastern Europe.