Business news from Ukraine

Business news from Ukraine

VITMARK-UKRAINE LAUNCHES VEGETABLE MILK PRODUCTION IN ODESA REGION WORTH EUR 5 MLN

Vitmark-Ukraine has begun production of vegetable milk under the brand Vega Milk at a factory in Odesa region.
According to the company’s press release, Vitmark-Ukraine built a plant in Odesa region for EUR 5 million with a full cycle of vegetable milk production. The plant is equipped with equipment from Sweden, it also has its own storage workshops, processing equipment, aseptic packaging bottling lines. The plant processes oats, buckwheat, and wheat.
“Our business specializes in juices, drinks and baby food. Having opened the alternative milk line, we launched an extremely promising start-up – the innovative FoodTech, which combines technology and science,” President of Vitmark-Ukraine Vitaliy Vinnytsky said.
The company noted that within a few weeks it will be possible to find up to 11 names of Vega Milk vegetable milk in stores in Ukraine: on the basis of cereals, nuts and with the addition of fruits.
Vitmark-Ukraine indicated that alternative milk from herbal ingredients has shown rapid growth in recent years as a category, especially in North America and Europe.
“Some $40 billion is the approximate amount the experts estimate the world market of vegetable milk by 2024,” the company said.

, ,

UKRAINIAN COMPANY ENTERS SAUDI ARABIA MARKET WITH HONEY

Ascania-Pack, part of the Ascania muti-profile Ukrainian holding, has started exporting honey to Saudi Arabia.
According to a company press release on Monday, the first batch of 12.2 tonnes was shipped in December.
“Saudi Arabia has become the eighteenth country in the world where the company exports cream honey for the retail market, including the United States, Canada, Singapore, Iraq, Qatar, as well as European countries,” the company said.
Ascania-Pack is a large Ukrainian exporter of honey, has its own production, which allows processing more than 20,000 tonnes of honey per year.

,

UKRAINE INCREASES CHEESE IMPORT BY 2.4 TIMES TO 2,770 TONNES IN JAN

Ukraine in January 2020 exported 330 tonnes of cheese, which is 27.4% less than in January 2019. According to the State Customs Service, in monetary terms exports amounted to $1.2 million, which is 19.9% less than in January 2019.
At the same time, cheese imports in January 2020 increased 2.4 times, to 2,770 tonnes. In monetary terms, imports increased 2.2 times compared to January 2019, to $12.35 million.
In January 2020, export of butter from Ukraine decreased by 58.3%, to 743 tonnes, in money terms by 50%, to $3.49 million. According to the State Customs Service, import of this product increased 11.3 times, to 1,020 tonnes ($4.52 million).
In addition, export of milk and cream (condensed) in January 2020 fell by 24.4%, to 1,630 tonnes. In January 2020, Ukraine supplied condensed milk and cream for a total of $3.69 million (the same as in January 2019). Imports of this group of goods grew by 37.1%, to 229 tonnes ($507,000).

,

UKRAINE INCREASES EXPORTS OF TITANIUM ORE IN JAN

Ukraine in January 2020 increased exports of titanium containing ore and concentrate in kind by 12.2% compared to 2018, to 52,400 tonnes.
According to customs statistics released by the State Fiscal Service, over the period exports of titanium ore and concentrate in monetary terms decreased by 8.6%, to $12.586 million.
Major exports were made to Mexico (23.84% of deliveries in monetary terms), Russia (18.01%) and Egypt (13.79%).
Ukraine in January 2020 imported 78 tonnes of similar products worth $55,000 from Senegal (805 tonnes for $163,000 in January 2019).
Vilnohirsk state mining and metallurgical combine (Dnipropetrovsk region), Irshansk state mining and processing combine (Zhytomyr region), Valki-Ilmenite and Mezhdurechensk Mining and Concentration Complexes (both are located in Irshansk, Zhytomyr region) are the main producers of titanium ore in Ukraine.
Dnipro-based Velta production and commercial firm built a mining and processing complex at the Birzulivske ilmenite deposit, which has a 240,000-tonne ilmenite concentrate capacity per year.
Holding company Velta Group Global Ltd. was registered in London in November 2011.

UKRAINIAN POPULATION BY REGIONS AS OF DEC, 2019 (GRAPHICALLY)

Ukrainian population by regions as of Dec, 2019 (graphically)

,

PASSENGERS CARRIED IN UKRAINE IN JAN-OCT 2019, IN MLN

Passengers carried in Ukraine in Jan-Oct 2019, in Mln.