The South Korean company Caris plans to build a plant in Ukraine for manufacturing of road safety fences from recycled plastic worth more than $60 million, considering the Stryi district of Lviv region as a site, according to the website of the city council of Stryi.
According to the press service, Mayor of Stryi Oleh Kanivets last week signed a memorandum with Caris CEO Yu Cheol during his business trip to Kyiv.
“The company plans to build factories in Ukraine for the production of plastic road safety fences. We are ready to create about 900 jobs. Stryi territorial community is interesting for its convenient logistics location and proximity to the European market,” the press service said.
In turn, the press service of the Ministry of Economy also announced the plans of Caris to build a $60 million plant in Ukraine for the production of road safety fences.
According to the report, on June 11, Deputy Economy Minister Iryna Novikova met with Yu Cheol.
“There is a hope that the project will be able to take advantage of new government support for projects with substantial investment, since it provides for $60 million in investments and the creation of new jobs. Investment projects that take into account environmental issues are important for us,” Novikova said.
The press service of the Ukrainian Chamber of Commerce and Industry also reported about its support of this project.
“We will accompany this project, and we will use all the possibilities of the Chamber of Commerce and Industry so that the investor does not regret any dollar invested in Ukraine,” the press service said, citing President of the Chamber of Commerce and Industry Hennadiy Chyzhykov.
According to the Chamber of Commerce and Industry, the representative office of Caris in Ukraine is headed by ex-head of the State Finance Institution for Innovations (SFII) Volodymyr Stavniuk.
In January 2020, the Korean company announced on its website that it had signed an agreement with SFII for the construction of a plant for the production of plastic fences in Ukraine. In particular, the agreement provided for the creation of a PVC production and technology joint venture. Investments in the construction of the plant were projected in the amount of $100 million.
According to the public register, in December 2019, Caris Ukraine LLC was registered in Ukraine, 51% of which is owned by Yu Cheol through Caris, another 49% is owned by Vladlen Levchuk through Socrat Development LLC.
Caris Ukraine LLC (Kyiv), controlled by the South Korean company Caris, which in July 2020 concentrated more than 89.8% of the shares of the idle JSC Strila Crane Building Company (Brovary, Kyiv region) and then changed its name to Caris Rail Strila, withdrew from the shareholders of this company.
According to a statement in the information disclosure system of the National Securities and Stock Market Commission, according to data received by Caris Rail Strila from the depository on June 14, Caris Ukraine LLC owned 89.1% of its charter capital (another 0.02% was owned by co-owner Vladlen Levchuk), and the owners of a total of 89.79% of the shares were ex-head of the supervisory board Dmytro Prosin (31.43% of the shares of the joint-stock company), Natalia Lola (19.61%), and Andriy Kulyk (38.75%), which actually owned the same stakes prior to their acquisition by Caris Ukraine.
The reason for the corresponding changes in the shareholder structure was not specified in the report.
As reported, in July of this year, co-owner of Caris Ukraine LLC Vladlen Levchuk acquired 89.84% of the shares in Strila, which has not been conducting business for several years, from three large individuals at a price of $ 69.03 (or UAH 1,956 at the time of the conclusion of the sales contract) per share.
Caris Rail Strila, which employed nine people by the beginning of this year, does not carry out production activities (since 2015), and receives its main income from the sale of materials and partial lease of premises.
Caris, according to its information, has enterprises in many countries of the world: construction, logistics companies, companies for the production of innovative materials and components for road construction and traffic safety, and also has an R&D center that owns patented innovative technologies for the production of polymer and superhard materials used in heat power engineering, industrial electronics and mechanical engineering.
Caris Ukraine LLC (Kyiv), controlled by South Korean Caris, intends to buy out the shares of minority shareholders of Strila crane building company (Brovary, Kyiv region), in which it owns 89.837% of shares.
According to the public irrevocable demand published in the information disclosure system of the National Securities and Stock Market Commission of Ukraine, the shares from the minority shareholders will be redeemed at UAH 129.4 per share (with a par value of UAH 110).
The charter capital of JSC Strila is UAH 6.21 million.
At present, Strila plant, which employed ten people by the beginning of this year, does not carry out production activities (since 2015), and receives main income from the sale of materials and partial lease of premises.
Caris, according to its information, has enterprises in many countries of the world, construction, logistics companies, companies for the production of innovative materials and components for road construction and traffic safety, and also has an R&D center that owns patented innovative technologies for the production of polymer and superhard materials used in heat power engineering, industrial electronics and mechanical engineering.
Caris Ukraine LLC (Kyiv), controlled by South Korean Caris, intends to buy out the shares of minority shareholders of Strila crane building company (Brovary, Kyiv region), in which it owns 89.837% of shares.
According to the public irrevocable demand published in the information disclosure system of the National Securities and Stock Market Commission of Ukraine, the shares from the minority shareholders will be redeemed at UAH 129.4 per share (with a par value of UAH 110).
The charter capital of JSC Strila is UAH 6.21 million.
At present, Strila plant, which employed ten people by the beginning of this year, does not carry out production activities (since 2015), and receives main income from the sale of materials and partial lease of premises.
Caris, according to its information, has enterprises in many countries of the world, construction, logistics companies, companies for the production of innovative materials and components for road construction and traffic safety, and also has an R&D center that owns patented innovative technologies for the production of polymer and superhard materials used in heat power engineering, industrial electronics and mechanical engineering.
BUILDING COMPANY, CARIS, STRILA, STRILA CRANE BUILDING COMPANY
