Business news from Ukraine

Business news from Ukraine

MEXICAN GRUPO BIMBO PLANS TO BUILD BAKERY PLANT IN UKRAINE

Bimbo QSR Ukraine, part of the international bakery holding company Grupo Bimbo, is considering the possibility of building a plant in Fastiv (Kyiv region) to manufacture products for one of the world’s largest fast food chains.
As Head of the International Relations and Communications Department of the state-run investment company Ukraine Invest Olena Hitlianska wrote on Facebook, Bimbo QSR Ukraine on March 4, within the framework of the Industrial Relocation: Opportunities for Accelerated Development of Communities and Regions conference, will decide on the construction of a bakery plant on a land plot in Fastiv.
Hitlianska said that the government office of Ukraine Invest helps the Mexican investor, in particular, in finding a site for the construction of the plant.
She also said that within the framework of this conference, investment projects that will be implemented this year within the FastIV industrial and logistics cluster will also be presented.
According to the data of the unified public register of legal entities and private entrepreneurs, Bimbo QSR Ukraine was registered in 2000 by Dutch Bimbo QSR B.V. in Dnipro with a charter capital of UAH 297,000.
According to the website of Grupo Bimbo, it is represented in 33 countries, owns 196 factories, and the company has a worldwide network of 3 million points of sale. The bakery holding produces about 13,000 names of products under more than 100 brands.
As reported, Grupo Bimbo in October 2017 bought the East Bolt Ukraine bakery (Dnipro), which produced burger buns for the international fast food chain McDonald’s.

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WORLD LEADER IN SUNFLOWER OIL PRODUCTION TO INVEST ADDITIONAL $63 MLN TO UKRAINIAN SIX OIL CRUSHING PLANTS

Kernel, the world leader in sunflower oil production, will invest an additional $63 million in 2021 fiscal year (started on July 1, 2020) in the implementation of an investment program for the construction of cogeneration heat and power plants its six oil crushing plants.
According to the company’s H1 FY2021 financial report, taking into account these funds, the total investment in the program since its inception in FY2018 reached $169 million. Three plants have already been already constructed and completing the precommissioning works, and three remaining facilities are to be commissioned in FY2022.
Kernel said that more than 50% of energy is already received from renewable sources, and their contribution to EBITDA in H1 FY2021 amounted to $10 million.
The company also recalled the goal announced in FY2020 to reduce greenhouse gas emissions by 5% over the next five years in the oilseeds segment.

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OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF MARCH 03

Official rates of banking metals from national bank as of March 03

One troy ounce=31.10 grams

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 03/03/21

National bank of Ukraine’s official rates as of 03/03/21

Source: National Bank of Ukraine

PASSENGERS CARRIED IN JAN-NOV OF 2020, IN MLN

Passengers carried in Jan-Nov of 2020, in MLN.

MORE THAN TEN HOTELS REPRESENTING INTERNATIONAL CHAINS ARE PLANNED TO BE OPENED IN UKRAINE

No more than ten hotels representing international chains are planned to be opened in Ukraine in the next two years, International Relations Director of the Ukrainian Hotel & Resort Association (UHRA), partner of BURFORD Management & Consultancy, Ivan Lun has told Interfax-Ukraine.
“Today, only 17 hotels operate under international brands in Ukraine. This is a paltry figure: compare it with 185 branded hotels in Poland, a country comparable to ours in terms of geography, population and economic potential,” he said.
According to the expert, this year the Radisson Hotel City Center Odesa (90 rooms), Best Western Plus Lviv Market Square (70 rooms), Ibis & Adagio Kyiv (combo, 265 rooms) are announced for opening. In the next two years, Ibis Lviv (100 rooms), Radisson Hotel Pechersk Park Kyiv (167 rooms), and Sheraton Kyiv Troitska Square (208 rooms) are planned to start operating, a bit later – Novotel Lviv (125 rooms) and Hampton by Hampton Lviv airport (138 rooms).
“These projects are just a small part of those branded hotel projects that have undergone careful urban and architectural planning, as well as painstaking contractual negotiations between the developers of these projects and global hotel groups. However, many projects that were planned to be operated under well-known hotel brands were not completed, in particular their construction,” Lun said.
The most active hotel chains in Ukraine today are Accor, Radisson, InterContinental, Marriott and Hilton, whose development offices are located in Moscow and Warsaw. In addition, according to the expert, the Wyndham chain and the Louvre Hotel Group have recently also promoted their brands and participated in tenders for projects, mainly through franchise supplies.
In general, the expert expects an intensification of the entry of international operators in 2024-2025.

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