Business news from Ukraine

Kamianske distillery in Cherkasy region is up for auction for UAH 6.6 mln

The State Property Fund (SPF) of Ukraine has put up for privatization the Kamianske distillery in Cherkasy region, the press service of the agency reports.

It is specified that the starting price of the enterprise is UAH 6.6 million. The auction will be held in the Prozorro.Sale system on March 22, with bids accepted until March 21.

The facility includes 49 units of real estate and infrastructure (production, administrative, warehouse buildings and structures). The production area is 25,719.4 square meters.

According to the Charter, the main activity is distillation, rectification and mixing of alcoholic beverages. The average number of employees as of September 30, 2023 was seven. The company ceased operations in 2010 and does not carry out production activities. Property, plant and equipment are excessively worn out.

Accounts receivable as of September 30, 2023 amounted to UAH 3143 thousand; accounts payable amounted to UAH 9766 thousand, in particular: for goods, works, services – UAH 5803 thousand, for settlements with the budget – UAH 1487 thousand, for payroll settlements – UAH 1190 thousand, for insurance – UAH 510 thousand, other debts – UAH 786 thousand.

Kamianske Coke provides water supply, sewerage and electricity services to residential buildings, which are accounted for on the company’s balance sheet and are not subject to privatization.

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Construction of grain drying complex is being completed in Cherkasy region

The Belgian company Granex-Cherkasy LLC (Dengi village, Cherkasy region) is completing the construction of a grain drying complex with a capacity of up to 600 tons per day, according to the project developer ProjectLine.

“The customer set the task to make the most compact layout possible, so ProjectLine specialists placed the complex on a plot measuring only 19×23 m,” the designers noted.

According to the report, the farm plans to build an elevator for 15 thousand tons of simultaneous storage, a grain final cleaning department, and a loading unit for vehicles.

Granex-Cherkasy LLC was established in 2002. The company specializes in growing grains, oilseeds, potatoes and onions under irrigation, with 450 hectares of the total land bank of 3.5 thousand hectares under cultivation. The company has a floor potato storage facility with a capacity of 6 thousand tons and a vegetable storage facility for onions with a capacity of 2 thousand tons. The main beneficiary of the company is a Belgian citizen Tom van Goy, and the manager is a Belgian citizen Wim de Schutter.

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NEW GRAIN PROCESSING PLANT IS LAUNCHED IN CHERKASY REGION

Mover Mill LLC has launched a plant for processing grain in the village of Kryvi Kolina, Cherkasy region. According to the press service of Cherkasy Regional State Administration, the capacity of the plant is 350 tonтуs of flour per day, it also produces semolina and bran. The products are sold under the Pershy Mlyn brand.
The cost of investments in the plant is about UAH 100 million.
According to Deputy Minister of Agrarian Policy and Food Viktor Sheremeta, this company is currently one of the largest potential exporters of flour.
According to data from the state register of legal entities and individual entrepreneurs, Mover Mill LLC was registered in 2016. Its owner is Volodymyr Movchan. Its statutory capital is UAH 5 million.

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NORWAY’S SCATEC SOLAR PLANS TO BUILD 25 MW SOLAR POWER PLANT IN UKRAINE, CHERKASY REGION

Norway’s Scatec Solar seeks to build a solar power plant with the installed capacity of 25 MW in Kamianka (Cherkasy region), the press service of the Cherkasy Regional Administration has reported. Scatec Solar has built solar power plants with a total capacity of 322 MW in different countries. The company is in the process of building plants with the capacity of 434 MW. Scatec Solar operates in the Czech Republic, South Africa, Ruanda, Honduras and Jordan.

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