The Ukrainian BALEX Group of Companies is investing over $15 million in the construction of a new production and logistics complex, which will be located within the Bila Tserkva Industrial Park; the groundbreaking ceremony took place on June 18 as part of the “Industrial Evolution: Manufacturing Drives the Economy” forum.
The BALEX Group of Companies is a technology partner to the food industry and Ukraine’s largest integrated manufacturer of compressed yeast, fillers, dry mixes, improvers, confectionery glazes and fillings, plant-based ingredients, and craft beer.
As Stanislav Haidai, CEO of the BALEX Group of Companies, explained at the forum, even during the war, in 2023, the company acquired an unfinished facility and launched production of plant-based cream there. “In the suburbs of Kharkiv, we established one of the most successful enterprises producing this product. And now here (at FOP ‘Bila Tserkva’), we are building new facilities covering 11,000 square meters. There will be three production lines, logistics… We will be the first in Ukraine to produce plant-based cream for export,” he said.
He emphasized that production capacity is also continuing to expand in Kharkiv, and an R&D center has already been launched this year. “Our main driving force—and this may sound cliché—is responsibility, first and foremost, for ourselves, for our people, and for our teams. And it is precisely this that drives business forward, develops the economy, and creates such incredible industrial parks,” said Haidai.
Construction of the BALEX production complex will take place on a 7.8-hectare site within the Bila Tserkva Industrial Park. The project envisages three development phases between 2026 and 2030.
The first phase will include the production of fillings, glazes, and confectionery mixtures, plant-based products, as well as supply chain infrastructure facilities. The total built-up area of the first phase will be 11,378 square meters.
Representatives of state authorities, local government, the business community, and project partners took part in the time capsule ceremony. Among the event’s participants were Mykola Kalashnyk, head of the Kyiv Regional State Administration; Volodymyr Vovkotrub, secretary of the Bila Tserkva City Council and acting mayor; and Vasyl Khmelnytskyi, founder of UNIT. City and the Bila Tserkva Industrial Park, Vasyl Khmelnytskyi; founder of the BALEX Group of Companies, Oleksandr Bandurka; and co-founder and CEO of the BALEX Group of Companies, Stanislav Haidai.
BALEX Company LLC was founded in 1994; its authorized capital is 50.6 million UAH, and its ultimate beneficiaries are Oleksandr Bandurka (49.85%), Iryna Bandurka (28.25%), and Stanislav Haidai (19.73%). BALEX Company’s headquarters and production facilities are located in Kharkiv. The company also has representative offices in Kyiv, Lviv, and Kropyvnytskyi and exports its products to more than 20 countries worldwide.
According to OpenDataBot, the company reported 169.7 million UAH in revenue for 2025, a 27.7% decrease from 2024, with net profit totaling 117.88 million UAH compared to 134.4 million in 2024.
The projects of entrepreneur Vasyl Khmelnytskyi’s holding company UFuture—FOP “Bila Tserkva” and “Bila Tserkva 2”—were included in the Register of Industrial Parks in 2018. The total area of the parks is 70.3 hectares; the area of industrial and warehouse buildings will total 235.4 thousand square meters, with plans to construct 30 facilities. As of 2026, 19 tenants are operating in the park, including both Ukrainian and international companies.
The project is being implemented by the UFuture holding company, with Astrobild LLC serving as the developer. The development strategy calls for attracting over $250 million in investments by 2030.
