Business news from Ukraine

Business news from Ukraine

A.V. Export Import has begun construction of oil refinery in Chortkiv-West industrial park

A.V. Export Import LLC (Chortkiv, Ternopil region), whose main specialization is currently the production of oil and animal fats, has begun construction of a vegetable oil refinery in the Chortkiv-West industrial park, according to Chortkiv Mayor Volodymyr Shmatko.

“Finally, construction has begun on the first industrial enterprise in our Chortkiv-West industrial park. Six years of work by the team, COVID, a major war, but investors chose Chortkiv! Thank you to the team for such a wonderful result,” he wrote on Facebook on Tuesday.

According to the materials attached to the post, A.V. Export Import plans to build a sunflower oil refining and deodorization plant with a capacity of 50 tons per day in the first stage in 2025, employing 39 people.

The second stage in 2026 involves the construction of an oil bottling plant with a capacity of 54,000 bottles per day and the employment of 38 workers, and the third stage in 2028 involves the construction of a sunflower seed reception and processing plant with a capacity of 150 tons of seeds per day, employing 56 workers.

IP “Chortkiv-West,” registered in October 2019, was established on a land plot of 87.7 hectares, with a declared term of operation of 30 years.

In the summer of the same year, Shmatko presented the concept of the park and announced the readiness of an investor (whom he did not name) to create an agricultural processing enterprise there, investing about $700 million.

According to the Chortkiv City Council, in November 2024, a memorandum was signed between the city council, the managing company IP “Chortkiv West” – KP “Local Economic Development Agency” and “A.V. Export Import,” which was the first step towards the construction of the enterprise.

A.V. Export Import LLC was established in 2017, and according to opendatabot, in October 2024, it changed its main activity from wholesale trade in food products to the production of oil and animal fats. The authorized capital is UAH 20,000.

Currently, the company is owned by Bulgarian citizen Daria Lupashko-Gurevich (50%), residents Andriy Snizhko (25%), and company director Valery Yureskul (25%).

In 2024, the company increased its net income by 4.7 times compared to 2023, to UAH 256.5 million, with a net profit of UAH 4.55 million (UAH 0.58 million), and in the first half of this year, income exceeded UAH 204 million, with a net profit of UAH 5 million.

 

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