The European Bank for Reconstruction and Development (EBRD) will provide a long-term secured loan of EUR11 million to Karpatski Mineralni Vody LLC (KMV) from the group of the same name to finance the construction and commissioning of a new beverage production plant with an effective capacity of 200 million bottles per year in the Lviv region.
“The use of modern equipment at the new plant will significantly increase resource efficiency compared to the existing plant. The project will increase the Group’s competitiveness, production efficiency, and environmental performance,” the bank said on its website.
According to the information, the EBRD Board of Directors approved the loan on August 5, and the next step will be the signing of the necessary documents.
It is noted that the total cost of the project is EUR24 million.
KMV LLC is a manufacturing company of the KMV Group, one of Ukraine’s leading producers of non-alcoholic beverages, producing mineral water, flavored mineral water, other non-alcoholic and energy drinks, as well as snacks, the EBRD noted.
According to the project, the group will have to conduct a comprehensive hydrogeological study during the first three years of operation to assess the permissible volume of water intake for the future, as well as ensure automatic monitoring of water intake and groundwater levels at its wells.
The project provides for a first loss guarantee provided by the European Union through the Ukraine Investment Framework (UIF), and the costs of external pre-investment legal and environmental and social analysis will be partially covered by the Japan-EBRD Cooperation Fund.
In addition, KMV is expected to receive a grant under the EBRD’s Human Capital Investment Incentive (HCII) program to cover up to 50% of eligible costs related to improving workplace accessibility and upgrading equipment and infrastructure. It is expected that the grant funds will be allocated from the Japan-EBRD Cooperation Fund or provided by a Taiwanese donor. The project is also expected to receive a FINTECC grant under the EU4Climate program for the purchase of energy-efficient bottling equipment.
According to data from YouControl, KMV LLC increased its revenue by almost 2.3 times in the first half of 2025, to UAH 277.20 million, and its net profit by 8.2 times, to UAH 140.69 million.
The beneficiaries of the company are listed as Serhiy Petrovych and Petro Ivanovych Ustenko, who own 83.77% and 16.23%, respectively.
The revenue of Serhiy Ustenko’s KMV Trading House LLC for the first half of this year increased by 18.5% to UAH 1 billion 71.47 million, while net profit decreased 2.4 times to UAH 61.17 million.
According to the Karpatski Mineralni Vody website, the company began operating in the mineral water market in 1996 with the first bottling of Karpatskaya Dzherelna natural mineral table water, and in June 2002, it was reorganized into a plant for the production of mineral water and non-alcoholic beverages, Karpatski Mineralni Vody. In 2002, the company began producing sweet carbonated beverages under the TM “Fruktova Dzherelna” and TM ‘Sokovinka’ brands, and in 2016, the energy drink TM “Dragon”.
