Business news from Ukraine

Business news from Ukraine

ERIDON WANTS TO BUY VAN HOOF UKRAINE SUPPLIER OF AGRICULTURAL EQUIPMENT

Eridon firm could acquire Van Hoof Ukraine Ltd (both from Kyiv region), which specializes in the supply of equipment for poultry and pig farming.
According to materials on the website of the Antimonopoly Committee of Ukraine (AMC), the agency could allow Eridon to buy a stake in Van Hoof Ukraine, which will provide the buyer with over 50% of the voting shares on the company’s board.
Eridon is owned by Serhiy Krolevets. It distributes seeds, fertilizers, plant protection agents and is part of the Eridon group of companies. The group unites five agro-industrial enterprises, a seed plant, and a dairy farm.
According to the state register of legal entities and individual entrepreneurs, the ultimate beneficiary of Van Hoof Ukraine LLC is Ronabelo Limited (Nicosia, Cyprus).
The company operates in various areas of the agricultural sector. It supplies a full range of equipment for poultry and pig farms. It is also engaged in the supply of other new and used equipment (for the production of animal feed, tractors).
Van Hoof Ukraine LLC in 2018 received UAH 27.8 million in net profit compared to UAH 6.4 million in net loss in 2017. The company’s revenue last year increased 40% compared with 2017, to UAH 114.3 million.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 03/01/20

National bank of Ukraine’s official rates as of 03/01/20

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF JANUARY 3

Official rates of banking metals from national bank as of january 3

One troy ounce=31.10 grams

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TWO WIND FARMS OF 76 MW TO BE BUILT IN LVIV REGION

Skolivska wind farm and Karpatska wind farm intend to build two wind power plants with a capacity of 40 MW and 36 MW (Lviv region), the website of the unified register of environmental impact assessment reports.
According to the report, within the framework of the project, Skolivska Wind Farm LLC plans to install 14 wind turbines. Karpatska Wind Farm LLC intends to install 15 wind turbines. The building area of the two stations will be 18 ha.
According to the unified state register of legal entities, Skolivska Wind Farm and Karpatska Wind Farm are owned by Cyprus-based Plotsan Holdings Limited, whose ultimate beneficiaries are a Swiss citizen and Ihor Ronchevych.

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UKRAINE RAISES GAS TRANSIT BY 3.2% IN 2019

Ukraine in 2019 increased transit of natural gas through its gas transmission system (GTS) by 3.2% (by 2.807 billion cubic meters) compared to 2018, to 89.586 billion cubic meters, according to recent data from JSC Ukrtransgaz.
According to the calculations of the Interfax-Ukraine agency, in particular gas transit through the country to Europe last year amounted to 86.696 billion cubic meters (3.4% more from 2018), to Moldova some 2.890 billion cubic meters (1.7% less).
In December 2019, gas transit increased by 6.3% (by 479.8 million cubic meters) compared to the same month of 2018, to 8.092 billion cubic meters. In particular, gas transit through Ukraine to Europe amounted to 7.736 billion cubic meters (up by 7%), Moldova some 356.1 million cubic meters (7.2% less).

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BIOSPHERE CORPORATION SEEKS TO LAUNCH DIAPER PRODUCTION EARLY 2020

The Biosphere Corporation, a leading manufacturer and distributor of household and hygienic products in Ukraine and the CIS, has started accepting a line for production of diapers in Italy and plans to start their production in Ukraine early 2020, the founder and CEO of the corporation Andriy Zdesenko has said.
“We plan to become number one manufacturer of private brands of diapers in Ukraine and several of our private labels,” he told Interfax-Ukraine on December 28.
Zdesenko said that on December 18-19 the first stage of equipment acceptance took place, and its final acceptance will be in Italy on January 13-17, after which the equipment will be installed at the production site in Dnipro.
Commenting on the unsuccessful attempts in the past of other domestic entrepreneurs to arrange the production of diapers in Ukraine, the founder of Biosphere noted the complexity of production technology and high competition in the market.
“But now there is confidence that we have gained enough expertise and brand recognition for the Biosphere. We also invited a specialist from Canada to lead this production, so we are ready to seriously compete with Western brands,” Zdesenko said.
The Biosphere Corporation has been operating in Ukraine for over 20 years. Its products are presented in about 20 markets in Europe and Asia. The product portfolio includes more than 2,000 items.

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