Business news from Ukraine

Business news from Ukraine

American Kraft Heinz is considering potential strategic deals

American Kraft Heinz Co., one of the world’s largest food producers, is considering potential strategic deals to increase shareholder value. According to the company’s statement, this process has been ongoing for several months, but at this time there is no guarantee that it will result in any transaction.

“The company has not set a timeline for the completion of this process and does not plan to make any further announcements regarding it unless it believes additional disclosure is appropriate or necessary,” the press release said.

Two members of Kraft Heinz’s board of directors representing Berkshire Hathaway Inc. are leaving the company’s board of directors. This is not related to the company’s operations, policies, or practices, the statement said.

In recent years, Kraft Heinz has faced weakening demand for its core product lines. In April, it lowered its annual forecasts, citing economic uncertainty related, in particular, to the situation in the retail sector. Kraft Heinz shares rose 1.4% in after-hours trading on Tuesday. Since the beginning of this year, their value has fallen by 9.2%. Kraft Heinz was formed in 2015 through the merger of H.J. Heinz Co. and Kraft Foods Group Inc. The company’s portfolio includes well-known brands such as Philadelphia cheese, Maxwell House coffee, Heinz ketchups and baby food, and Jell-O desserts. The company’s products are sold in 190 countries.

 

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Kyiv Vitamin Plant increased its profit by 9% in 2024

According to the results of 2024, the pharmaceutical company PJSC Kyiv Vitamin Plant (KVZ) increased its net profit by 8.74% compared to 2023, to UAH 156.84 million.

According to the company’s disclosure to the National Securities and Stock Market Commission, its revenue from sales last year increased by 14.71% to UAH 4.944 billion.

As reported, at the end of 2022, Kyiv Vitamin Plant (KVZ) increased its net profit by 30.5% compared to 2022, to UAH 219.571 million.

KVZ is one of the ten largest pharmaceutical companies in Ukraine. The company’s product portfolio includes over 100 medicines and 20 dietary supplements.

According to the Opendatabot system, the ultimate beneficiary of KVZ is Canadian citizen Maxim Martin.

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Schneider Electric increases transparency of environmental data on products

Schneider Electric, a global leader in the digital transformation of energy management and automation, is launching the Environmental Data Program. Building on the legacy of Green Premium labeling, this initiative provides customers with unique access to information about the environmental impact of products, enabling them to make more informed, data-driven decisions and confidently meet new regulatory requirements.

Schneider Electric has been repeatedly recognized as a leader in sustainability, including being named the world’s most sustainable company by Time magazine and Statista in 2024, and ranking first in Corporate Knights’ ranking for the second time in January 2025. This commitment to environmental leadership and growing customer demand for transparency have been the driving forces behind the launch of the new program.

By providing key information such as carbon footprint, energy efficiency, packaging, recycled content, and more, Schneider Electric helps customers choose solutions that meet their sustainability goals and better track, understand, and reduce their own environmental impact.

Schneider Electric now publishes data for 14 environmental characteristics, up from the five previously available under the Green Premium label. This data is available online for 110,000 commercial items. The company plans to expand coverage to 155,000 items by the end of the year, covering 80% of its turnover, compared to the current 70%.

With 2024 officially the hottest year on record, the need for decisive action on the environment and climate has never been clearer. At the same time, research shows that only 7.2% of the global economy is circular. Recent years have been marked by regulatory changes (including the draft EU Directive on environmental claims) that increase transparency and accountability requirements. The data provided under the Environmental Data Program will make it easier for customers to use it for both business and compliance and reporting purposes. Transparency in environmental data is key to both decarbonization and maintaining competitiveness—two strategic goals for the future. Ultimately, it is about enabling better decisions through clearer, more accurate, and more reliable data.

Chris Long, Schneider Electric’s Chief Sustainability Officer, said: “With over 15 years of experience in product environmental data, we have built a legacy of trust and transparency. Now, with the launch of the Environmental Data Program, we are setting a new standard for the availability and effectiveness of such data. We remain committed to helping our customers and partners make responsible, informed decisions with transparency at the core: use better, use longer, use again.”

Celine Coulibray-Duménil, Director of Sustainability at Rexel, a global leader in electrical distribution, supports the Environmental Data Program: “Providing customers with more transparent and factual product information is a necessity. We support Schneider Electric’s commitment to influencing the industry by promoting greater transparency on product environmental performance.”

About Schneider Electric

Schneider’s purpose is to make an impact by empowering everyone to make the most of our energy and resources, enabling progress and sustainability for all. We call this Life Is On.

Our mission is to be a trusted partner in sustainability and efficiency.

We are a global industry technology leader, bringing global expertise in electrification, automation, and digitalization to smart industries, reliable infrastructure, high-performance data centers, intelligent buildings, and intuitive homes. Drawing on our deep industry expertise, we provide integrated, end-to-end IoT solutions with artificial intelligence-enabled connected products, automation, software, and services, creating digital twins to deliver profitable growth for our customers.

Our company’s main resource is our 150,000 employees and over one million partners working in more than 100 countries around the world to ensure proximity to our customers and stakeholders. We support diversity and inclusion in everything we do, guided by our meaningful purpose of a sustainable future for all.

www.se.com

Source: https://interfax.com.ua/news/press-release/1073563.html

 

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Construction of corn starch processing plant will begin in Serbia

In 2025, construction will begin in Serbia on the largest food industry enterprise in decades—a corn starch processing plant. The project is being implemented by Amelo, part of the Moldovan agro-industrial group Trans-Oil.

Location and scope of the project

The plant will be built in the city of Sremska Mitrovica on the site of the former Checherana sugar factory. The total investment will amount to €35 million. The plant will be able to process up to 250,000 tons of corn per year, producing native and modified starch, as well as corn syrup for the food, pharmaceutical, and chemical industries.

Construction will begin in May 2025 and will last 18–20 months. The project partner is the Chinese company Myande Group, which specializes in equipment for starch production.

Once operational, the plant will create around 150 new jobs. Sremska Mitrovica Mayor Branislav Nedimovic noted that this is one of the largest investments in Serbia’s food industry in the last 40–50 years.

The new plant will increase domestic corn processing, reduce raw material exports, and increase the added value of products. This will strengthen Serbia’s position in the European market for starch and related products.

https://t.me/relocationrs/982

 

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Ukrainian Ministry of Foreign Affairs has announced tender for compulsory motor third-party liability insurance

On May 20, the Ukrainian Ministry of Foreign Affairs announced a tender for the purchase of compulsory motor third-party liability insurance services, according to the Prozorro electronic public procurement system. The expected cost of the services is 156,903 thousand hryvnia.

No tender security is required. The deadline for submitting bids is May 28.

 

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New Kazakh ambassador to Ukraine presents copies of credentials

Deputy Minister of Foreign Affairs of Ukraine Yevhen Perebyinis accepted copies of credentials from the newly appointed ambassador of the Republic of Kazakhstan, Tolejan Barlybayev.

According to the press service of the Ukrainian Foreign Ministry, the deputy minister congratulated Tolejan Barlybayev on the start of his third diplomatic term in Ukraine, this time as ambassador extraordinary and plenipotentiary, and wished him every success in his important mission for the benefit of the two countries and peoples.

Perebyinis thanked Kazakhstan for its support for Ukraine’s territorial integrity. Noting Astana’s commitment to the fundamental principles of international law and the Charter of the United Nations, he stressed the importance of establishing a just and lasting peace in Ukraine.

“The parties discussed ways to intensify bilateral political dialogue and deepen trade, economic, cultural, and humanitarian cooperation between the two countries,” the statement said.

On April 17, 2025, Kazakh President Kassym-Jomart Tokayev appointed Tolezhan Barlybayev as the new ambassador of the Republic to Ukraine.

He previously worked at the Kazakh embassies in Ukraine, Poland, and the Netherlands. He served as head of the Europe and America Department, headed the secretariat of the Kazakh Foreign Ministry, and worked at the Center for Foreign Policy in the Presidential Administration.

In addition, Barlybayev served as Kazakhstan’s ambassador to Slovakia, Croatia, and Bosnia and Herzegovina.

Previously, Darkhan Kaletaev held the position of ambassador to Ukraine for more than five years.

Source: https://interfax.com.ua/news/diplomats/1073510.html

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