In 2025, the Euroformat plant increased elevator production by 20% compared to 2024, primarily due to government programs supporting domestic manufacturers, according to Igor Tkachenko, CEO of the Euroformat Lifts group of companies.
“We consider the program to compensate 15% of the cost of Ukrainian equipment under the ‘Made in Ukraine’ initiative and the introduction of a minimum localization requirement for goods participating in public procurement to be effective tools for promoting national production,” he told Interfax-Ukraine.
Tkachenko did not specify the number of elevators produced by the plant, citing the military context, but noted that every tenth elevator installed during the year is manufactured by Euroformat, and among the elevators that meet current construction requirements, one in three is manufactured by Euroformat, since imported elevators supplied on a one-off basis often have serious deviations from standards and requirements.
Describing the elevator market in Ukraine, which has developed over the past few years, Tkachenko noted that previously it had a large number of imports, often in the form of one-off contracts for small batches.
“In 2022, out of 80 companies that imported elevators, 46 brought in no more than 10 units, and 38 brought in no more than five. Most of these suppliers (76%) imported elevators from Turkey and China. The situation in 2023 only got worse: 97 companies imported elevators from Turkey alone. At the same time, in most cases, importers were unable to provide adequate warranty service, technical support, or regular supply of spare parts,” he said.
Tkachenko added that the expectations from the support programs were generally met: the growth of Ukrainian elevator production in 2025 by approximately 25% and an increase in the share of the domestic market to about 40% testify to the effectiveness of these mechanisms.
“At the same time, imports still account for more than half of the market, which means there is significant potential for further growth in the coming years,” said the CEO of the group of companies.
According to him, domestic manufacturers have untapped production capacity: the combined capacity of Ukrainian enterprises allows them to produce up to about 5,000 elevators per year, but the actual production load remains significantly lower.
“In particular, at the Euroformat plant, the load factor in 2025 was about 35%. This figure is still lower than it was before 2022, but we are seeing positive dynamics,” Tkachenko emphasized.
At the same time, he believes that when an elevator is manufactured in Ukraine, the manufacturer’s responsibility for the entire life cycle of the equipment, from installation to service, is formed along with it for decades.
“For the end user, this means less downtime, faster elevator repair, higher safety, and predictable operating costs,” Tkachenko emphasized.
He also said that, in parallel with its production activities, the company has invested in its production base: new laser cutting and welding sections have been launched, the range of wheelchair lifts has been expanded, and dozens of design improvements have been introduced in elevator equipment.
“It is important to note that this is not a one-time growth, but the formation of a stable production cycle — with planning, predictable volumes, and the development of service infrastructure,” Tkachenko emphasized.
According to him, the volume of investments in production modernization in 2025 exceeded UAH 12 million without attracting grants, while in 2024 they accounted for 60% of the UAH 25 million invested.
Among the landmark projects implemented in 2025, Tkachenko named two projects for the manufacture and installation of hospital elevators in medical facilities. In one of them, they worked in a building that is an architectural monument and developed an exclusive elevator with custom cabin dimensions. Before putting it into operation, additional tests were carried out.
As for the other project, the company worked on the request from project development to commissioning.
“These cases confirm that the national manufacturer is capable of meeting the complex, custom, and inclusive needs of Ukrainian medical institutions,” Tkachenko emphasizes.
According to Dmitry Kiselevsky, deputy chairman of the Verkhovna Rada Committee on Economic Development, Ukrainian elevator manufacturers increased production by 25% in 2025, growing their share of the domestic market to 40% from 30% a year ago.
According to the MP, participation in the program to compensate 15% of the cost of Ukrainian equipment requires a localization level of at least 40%, and all leading Ukrainian elevator manufacturers meet these requirements, in particular, elevators from the Euroformat plant have a localization level of 60%.
Euroformat was founded in 2002 as a metalworking enterprise. Since 2006, it has been manufacturing elevators for the residential and commercial sectors. The company has the only test tower in Ukraine and the largest in Eastern Europe, with a height of 40 m and two shafts. The Euroformat Lifts group of companies includes the Euroformat plant and a number of service companies.
According to YouControl, in January-September 2025, the Euroformat plant received UAH 2.98 million in net profit, which is almost equal to the figure for the first nine months of 2024, with revenue growing by 27.3% to UAH 236.5 million.
The elevators of the Agrotrade agricultural holding have already received more than 280 thsd tonnes of products in the season-2024-2025, which is 62% of the planned volumes, the company’s press service reported on Facebook.
According to the report, the elevators received more than 208 thsd tonnes of grain, almost 72 thsd tonnes of oilseeds, and about 17 thsd tonnes of other crops.
The agroholding cites difficulties in the labor market as one of the main challenges of the season.
“One of the problems we face is the shortage of technical specialists, including mechanics, electricians, and welders. To ensure uninterrupted operation, the company is actively recruiting new employees, including people of retirement age with relevant experience,” said Konstantin Vorona, Director of Agrotrade’s Production and Technical Department.
He noted that in the 2024-2025 marketing year, Agrotrade’s elevators are operating normally and steadily accepting both its own products and those of third-party agricultural producers.
The Agrotrade Group is a vertically integrated holding company with a full agro-industrial cycle (production, processing, storage and trade of agricultural products). It cultivates over 70 thousand hectares of land in Chernihiv, Sumy, Poltava and Kharkiv regions. The company’s main crops are sunflower, corn, winter wheat, soybeans and rapeseed. It has its own network of elevators with a one-time storage capacity of 570 thousand tons.
The group also produces hybrid seeds of corn and sunflower, barley, and winter wheat. In 2014, a seed plant with a capacity of 20 thousand tons of seeds per year was built on the basis of Kolos seed farm (Kharkiv region). In 2018, Agrotrade launched its own brand Agroseeds on the market.
The founder of Agrotrade is Vsevolod Kozhemiako.
Prometey Group of Companies has decided to close three of its 28 grain elevators, as well as to reduce its workforce, which currently numbers more than 1,200 people, according to the company’s website.
“In the third year, the war reached Prometey Group of Companies as well. For the first two years we worked with the resources of the pre-war period, but this could not last long. The problems began with the start of the full-scale invasion. We lost seven grain elevators, 2 thousand hectares of land were under occupation. Of course, business suffered a lot. We realize that it will not be the way it was. But we have done and are doing everything possible to establish the work of the company,” – the press service quotes the head of the business development department of the company, Elena Zinovieva.
In “Prometheus” noted that the support of the domestic agro-sector continued only at the beginning of the full-scale invasion. Over time, bank credit programs for the company began to be cut, as a result of which investments in agriculture had to be reduced.
“There is significant pressure on the business from the IRS. Blocking of tax invoices, non-recovery of VAT and unjustified fines have become commonplace for the companies of Prometey agricultural holding. Now two companies of the holding are forced to defend their rights in courts because of illegal actions of tax authorities,” the report adds.
The company hoped for a good harvest in 2024, but the summer in Ukraine was the hottest in the last 100 years. According to the company’s chief agronomist Ilya Troitsky, the harvest of many crops suffered significantly because of this. Although wheat was able to be harvested under favorable weather conditions, yields of soybeans, lentils and sunflowers, which occupied about 7,000 hectares, were extremely low due to the dry summer.
“Despite the difficult conditions Prometey agroholding continues to fight for its survival. However, if the situation does not change soon, the company will have to make radical decisions to save its business,” the report summarizes.
Source: https://prometey.org.ua/post/prometey-borotba-za-biznes-pid-cas-vijni/
The U.S. Agency for International Development (USAID) announced collaboration with three major Ukrainian agricultural holdings to develop their grain export and storage infrastructure for a total project investment of $44 million.
According to CNN’s website, the three companies are large Ukrainian agricultural producers Kernel, Nibulon and Grain Alliance.
It is specified that the cooperation with the companies will help increase Ukraine’s capacity to ship over 3 million tons of grain to foreign markets per year. Investments will be used to develop the infrastructure of agricultural products storage and expansion of elevators.
“This announcement is part of a deliberate effort by the Biden administration to develop Ukraine’s economy and mitigate the global food security crisis that escalated after Russia’s invasion of Ukraine,” the publication specified in the report.
As earlier reported, before the war Kernel was the world’s number one producer and exporter of sunflower oil (about 7% of world production) and was the largest producer and seller of bottled sunflower oil in Ukraine. The company was also engaged in cultivation and sale of other agricultural products.
In FY2022 (July-2021 – June-2022), the holding posted a net loss of $41 mln versus $506 mln net profit in the previous FY. Its revenue decreased by 5% to $5.332 bln, and EBITDA decreased by 3.7 times to $220 mln.
Nibulon, one of the largest grain market operators in Ukraine, on April 15, 2022 received the permit from Izmail city council (Odessa region) for the construction of the terminal for handling grain cargoes on the land plot with the total area of 20 hectares.
“Nibulon” was established in 1991. Before Russian military invasion grain trader had 27 transshipment terminals and complexes to receive the crops, the capacities for one-time storage of 2,25 mln. tons of agroindustrial complex products, fleet of 83 vessels (including 23 tugs), and also owned Nikolaev shipyard.
“Nibulon” before the war worked 82 thousand hectares of land in 12 regions of Ukraine and exported agricultural products to more than 70 countries.
The grain trader exported maximum 5.64 million tons of agricultural products in 2021, reaching record volumes of deliveries to foreign markets in August – 0.7 million tons, the fourth quarter – 1.88 million tons and in the second half of the year – 3.71 million tons.
Grain Alliance Agro Holding in spring 2022 purchased a grain logistics hub near the border of Ukraine and Slovakia to deliver agricultural products by land bypassing Ukrainian ports, the throughput capacity of which was significantly reduced due to the full-scale Russian military invasion. The transshipment capacity of the grain terminal in Černá nad Tysou (Slovakia) will be up to 400,000 tons per year.
Before the war, Grain Alliance farmed 57,000 hectares in Kyiv, Poltava, Chernigov and Cherkassy regions, grew more than 300,000 tons of grains and oilseeds a year, and owned more than a thousand head of cattle.
Agroholding has six granaries in Ukraine with a total capacity of over 260 thousand tons.
The founders of Harvest Moon East LLC (Baryshevka village, Kyiv region) and BZK Grain Alliance (Sweden) established a joint company, Grain Alliance, in 2009.
Agroprodservice has launched the second line of a grain elevator in the village of Yastrubiv, Ternopil region, with a storage capacity of 100,000 tonnes per annum.
According to a statement on the company’s website, the second line of the facility consists of a grain-harvesting tank, drying, cleaning and transporting units.
The total storage capacity of Agroprodservice’s grain elevators reaches 200,000 tonnes of simultaneous storage.
Agroprodservice was created in 1999. As a diversified company, it operates in Ternopil and Ivano-Frankivsk regions. It cultivates about 45,000 hectares of land.
Agroprodservice owns grain elevators with a total storage capacity of 200,000 tonnes, as well as feed and seed mills.
The company is also engaged in poultry farming (2 million birds), cattle breeding (about 6,000 animals), and pig breeding (60,000 animals).
The final beneficiaries of Agroprodservice are Tetiana Chaikivska and Andriy Baran.
Epicenter K, which has been actively developing agricultural business in the last two years, in 2019 will build five new elevators with a total value of about EUR50 million.
According to the press service of Epicenter, the company signed a contract for the construction of elevators with the Polish manufacturer of complex granaries Feerum S.A, which will provide a “supplier credit” to Epicenter for the implementation of the project. According to the Feerum website, the terms of the loan provide for an advance payment of 15%, the remaining 85% are payable within five years.
The total capacity of the new elevators will be 725,000 tonnes. The complexes will be located in Vinnytsia, Kyiv and Khmelnytsky regions. Commissioning is scheduled for September 2019.
According to the company, the new elevators will allow Epicenter K to become independent of the market shortage of grain storage capacities and provide grain storage services for other agricultural producers.
Epicenter K cultivates over 111,000 hectares in Vinnytsia, Khmelnytsky, Ternopil, Cherkasy, and Kyiv regions. The group also includes 20 livestock farms.
Epicenter K was created in 2003. The first construction hypermarket of the company was opened in Kyiv in December of the same year.
