Galfrost LLC (Zhovkva, Lviv Oblast) plans to raise $28.5 million to expand its integrated fruit processing complex and build new production and cold storage facilities in Lviv Oblast, according to the Ukraine Investment Guide 2026, presented at the Ukraine Recovery Conference (URC2026) in Gdańsk.
The total project budget is $35.5 million, of which the company is prepared to finance $7 million with its own funds and plans to raise an additional $28.5 million through project financing.
The project involves expanding production and cold storage capacity, launching new product lines, and increasing output of freeze-dried fruits and berries, individually quick-frozen (IQF) products, and thermostable fillings for the confectionery industry. The capacity of the cold storage complex is planned to be increased to 10,000 metric tons.
The project is expected to take two years to complete, with the new facilities expected to begin operations in 2029–2031, according to the catalog.
Galfroast LLC was founded in 2007. The company specializes in the processing, freezing, and freeze-drying of fruits and berries, produces fruit ingredients for the food industry, and exports its products to foreign markets. According to the company, it processes approximately 6,000 metric tons of frozen products and produces about 100 metric tons of freeze-dried fruits and berries annually.
Last year, Galfrost LLC increased its revenue by 20.3% to 603.5 million UAH and reported a net profit of 5.9 million UAH, compared to a net loss of 10.2 million UAH the previous year.
