Businessman Igor Liski has announced the construction of a $240 million window glass plant in Kyiv region.
“I can now officially announce our new super-ambitious project, which we have been developing for over a year,” Liski wrote on Facebook.
Liski told The Wall Street Journal that he plans to invest about $80 million in the project. According to him, raising project financing is the main challenge when launching a project.
Liski is the owner of the investment holding EFI Group (Effective Investments). His investment areas include healthcare and medtech, paper, food, and woodworking industries, and agricultural supplies.
The company’s businesses include Feednova, an animal fats and feed additives producer, Medical Star healthcare network, Zhytomyr Cardboard Mill, Sam Ecopack, a cardboard packaging manufacturer, Forest Technology, an agricultural products supplier, Efi Agro, and Doc.ua, an online medical hub.
Prime Minister of Ukraine Denys Shmyhal says that German construction materials company Fixit has received investment insurance from the German government to build a second plant in Ukraine.
“We want German business to invest in Ukraine, to invest in recovery, and within the framework of the forum we are signing important documents… The building materials company Fixit will build a second plant in Ukraine and will receive investment insurance from the German government for this purpose, which will be signed here on the sidelines of the business conference,” Shmyhal said at a press conference at the sixth German-Ukrainian Economic Forum in Berlin on Tuesday.
According to the prime minister, Fixit will also receive a EUR12 million loan from the German bank KfW. “This is a very important and significant project,” he emphasized.
BUILD, CONSTRUCTION MATERIAL, Fixit, GERMANY, INSURANCE, PLANT
The Chumak PJSC intends to build a plant for processing tomatoes into paste in Odessa Region, as the company considers this region to be the most favorable in terms of climatic conditions, the director of the department of agrarian policy, food and land relations of the Odessa OVA, Alla Stoyanova, has said on Facebook.
The official recalled that Ukraine covers its domestic needs in vegetables at the expense of imports. According to Stoyanova, in Odessa region in 2023, the sown area of vegetable crops is 1489 hectares, of which 476.6 hectares are allocated for tomatoes, 307.1 hectares – onions, 95.11 hectares – carrots, 81.87 hectares – cabbage, 22.75 hectares – cucumbers, 434.44 – other vegetable crops.
The Director of the Department also informed that relocation of production facilities of Chumak PJSC to Odessa region will be a significant support for agro-industrial complex of the region and will create almost 5000 additional jobs.
The director of “Evrika” LLC Mikhail Bely suggested “systematic and balanced approach to the issue of product logistics”, which will facilitate the delivery of products to farmers for processing and will help the company “Chumak”.
Farmers present at the meeting expressed their willingness to expand production areas under tomato production.
“Vegetable farming is a high-cost business. It depends on irrigation and acquisition of specialized machinery, because farmers massively complain about the shortage of workers. In addition to investments in mechanization of production, attention should also be paid to storage and processing of products. We have a huge potential – natural, logistical (…), human”, summarized Stoyanova.
A study of the prospects for EU rail links with Ukraine and Moldova provides a basis for launching a project to use European gauge railway gauges on key lines, the European Commission (EC) has said.
The study was published on Tuesday by the European Commission and the European Investment Bank (EIB).
“The construction of the first European rail gauge in Ukraine and Moldova, which will connect their railroads with Poland and Romania, will bring these countries closer to the EU single market. With this study, we are laying the groundwork for long-term solutions, supporting Ukraine in its trade and recovery,” said Adina Velian, EC Member for Transport.
The conformity of the railroad lines of Ukraine and Moldova to the European standard of gauge, she said, will also improve conditions for citizens of these countries to travel to Europe.
The study suggests that the European gauge on the lines to Lviv and Chisinau should be implemented “as a first step to improve communication between Poland and Ukraine, as well as between Romania and Moldova”.
The study also assesses how the new European standard gauge lines will interact with the rest of the rail network in these countries, where broad gauge will continue to be used, the EC communiqué said.
The state enterprise “Scientific-Production Association “Pavlograd Chemical Plant” (“NPO PHZ”, Dnipropetrovsk region) intends to build a new waste storage facility in Kamenskoye, Dnipropetrovsk region.
According to the documentation at the disposal of Interfax-Ukraine Agency, the proposed activities are defined by categories 1-3 “Installations for production or enrichment of nuclear fuel, facilities for reprocessing spent nuclear fuel and high-level radioactive waste, facilities for disposal of radioactive waste, storage (over 10 years) or reprocessing of spent nuclear fuel or radioactive waste outside the facility”, and also by category 1-8.1 – “Operations in the field of hazardous waste management (storage, treatment, reprocessing, storage of spent nuclear fuel and radioactive waste)”.
In this case it is specified that the activity consists in responsible management of REM (radioactively contaminated materials – IF), formed as a result of previous activities at the State Enterprise Uranium Ore Treatment Plant, their safe removal and transportation to places of storage – Phase 3 (U4.02/20) of the EU program.
The construction timeline and the amount of funds for the project are not made public.
It is also reported that this project will be handled by Limited Liability Company (LLC) Zlato-Stroy.
NPO PHZ specializes, among other things, in development of technologies for production and recycling of explosive materials and products, production of explosives, solid rocket fuel mixtures and products with them, drilling and blasting operations. The enterprise provides utilization of various types of ammunition unsuitable for storage, including solid rocket fuel (SRF).
Investment company BGV Group Management in 2024 plans to begin construction of a plant to produce graphite concentrate and spherical granite on the basis of Balakhovskoye deposit (Kirovograd region).
“BGV’s team is currently performing the second stage of pilot tests of the processing plant and completing the design of the production complex and graphite pilot tests on the Balakhovskoye project. Next year, the company plans to start building one of the largest production complexes in Europe,” BGV Group Management said in a press release.
According to its data, the facility’s potential capacity will be 50,000 tons of graphite concentrate per year and 19,000 tons of spherical graphite for lithium-ion batteries. The company expects that such volume will be able to cover a significant part of the European Union market demand.
BGV is also working on a pre-feasibility study for the Perzhansky complex beryllium deposit (Zhytomyr region) and expects to present the results to investors soon. According to its data, the deposit has reserves of 2.34 million tons of ore. In addition, it also has reserves of zinc, rare earth elements and other materials.
Investments in extraction and further processing of raw materials are one of the main focuses of the company, BGV Group Management board member Sergii Voytsekhovskii said during the presentation of projects at Ukraine Recovery Conference 2023 in London. According to him, the investments of the group and its founder Gennady Butkevich in the Ukrainian mining projects amounted to over $100 mln in eight years.
BGV Group Management is an investment company, which develops businesses and projects in mining, processing, energy efficiency, retail and development. Its founder Gennady Butkevich is also a co-owner of ATB Corporation
