Turkey’s Dalgakiran has invested UAH 400 million in launching a plant to produce industrial power equipment in Bilogorodka in Kiev region, Dalgakıran Kompresör Ukraine LLC said in a press release.
The construction project was started before the large-scale Russian aggression, and now thanks to the investment of the Turkish side it has been completed. The investment in the production site and office will create 50 new jobs.
“The office and new production in Ukraine will contribute to the development of enterprises in all sectors, giving them the opportunity to continue economic activities, save money and resources,” said Vyacheslav Dinkov, director of Dalgakiran Compressor Ukraine.
According to him, the company’s plans include further development and localization of production, development and supply of new equipment necessary for the restoration of energy and industrial production in Ukraine.
In turn, Chairman of the Board of Dalgakiran Kompresör Adnan Dalgakiran noted that the scaling of business in Ukraine is a contribution to support the country’s economy and energy sector in difficult times. “In conditions of power outages, our equipment is able to ensure the continuity of business processes and production, enable businesses to continue to operate, pay taxes and give Ukrainians jobs,” he said.
“Dalgakiran Compressor Ukraine” is a representative office of Turkish Dalgakiran, specializing in the manufacture and service of generator and compressor equipment, cooling systems and industrial pumps.
Ukrainian representative office sells equipment and improves it to meet the needs of the national customer. The basic equipment is manufactured in Turkey, where a full cycle of quality control is introduced, as well as its own design office.
The company has been working in Ukraine for 19 years, has representative offices in 11 cities and more than seventy own mobile service teams.
Dalgakıran Kompresör, industrial power equipment, INVESTMENTS, TURKEY
The Myasniy Rai chain of stores, known for its high-quality meat products, announces the sale of its assets and trademark. The offer opens up new opportunities for investors and entrepreneurs seeking to develop their business in the retail sector.
The Myasniy Rai chain was founded in 2017 and quickly gained the trust of customers due to its high quality products and focus on local suppliers. The first store was opened on Shevchenko Boulevard, after which the chain was constantly expanding, opening new outlets. During 2018-2022, 8 stores were opened. The total investment in business development and support amounted to more than $700,000. Now Myasnyi Rai includes three stores, a production shop, a coffee shop and an online store providing a wide range of products for customers.
Key assets:
Advantages and prospects
The Myasnyi Rai chain offers a unique opportunity for investors to enter the food market with a ready-made, well-established business.
Main advantages:
This offer for sale is an ideal option for entrepreneurs who want to invest in a stable and profitable business with broad development prospects. For more information, please call +380 67 230 00 17.
BUSINESS, BUY_BUSINESS, INVESTMENTS, MEAT, MEAT_PARADISE, TRADE
PJSC “Yuriya” (Cherkassy), producer of dairy products under TM “Voloshkove Pole”, has invested EUR1.6 mln in modernization of production facilities of its enterprises and put into operation a new line for production of glazed cheesecakes, said the general director of the enterprise Andrey Tabalov.
“This is one of the largest investments of the enterprise in 2024 in the amount of EUR 1.6 mln. Lithuanian automated line “PAKMA” will allow to produce additional 4 thousand cheesecakes hourly. It will increase the production capacity of glazed cheesecakes by 40%. This large-scale investment was planned within the framework of modernization of PJSC “Yuria” for 2024 and is a conscious decision in such a difficult time for the country, – he wrote in Facebook.
As reported, the producer of dairy products under TM “Voloshkove Pole” in 2023 invested EUR1.5 million in the installation of the line “Tetrapak” to double the production of ultra-pasteurized milk, which intends to sell on the domestic market and export.
The company posted a UAH 46.773 million net loss in 2023, compared with a net profit of UAH 85.34 million a year earlier. The company’s revenue decreased by 1.35% to UAH 1.6 billion, assets by 1.5 times to UAH 1.048 billion, and debt obligations by 24.7% to UAH 1.279 billion. At the same time the number of personnel increased by 14 people to 913 employees.
Yuriya PJSC is the successor of Cherkassy Municipal Dairy Plant with a design capacity of 25 tons of raw material processing per day.
The company has subsidiaries “Yuriya-2” – a network of branded stores and kiosks in Cherkassy and “Yuriya-trans” – a trucking company, which delivers raw materials and materials for processing, products to retail outlets, as well as provides other transportation services.
The raw material area of the company is Cherkassy, Kirovograd, Poltava, Kyiv and Vinnitsa regions. Milk is collected in more than 200 settlements.
The beneficiaries of the enterprise are Alexander and Andrey Tabalovs.
In 2023, Metinvest B.V. (Netherlands), the parent company of Metinvest Mining and Metallurgical Group, increased capital investments in Metinvest Pokrovskugol, which manages the enterprises of Pokrovskoye Coal Group (PGU), by 15.6% year-on-year to $126 million from $109 million.
According to a corporate presentation published on the Irish Stock Exchange on June 4, Metinvest increased its capex investments in Kametstal by 5% in 2023, to $42 million from $40 million.
Capex at Central GOK increased by 6.7% to $16 million from $15 million.
At the same time, the Group reduced investments in Northern GOK by 29.5% to $31 million from $44 million, in United Coal (USA) by 47.5% to $21 million from $40 million, in Ingulets GOK by 58.1% to $13 million from $31 million, and in other assets by 53.3% to $35 million from $75 million.
In general, Metinvest reduced its capital investments in 2023 by 19.8% compared to 2022, to $284 million from $354 million, while $65 million was invested in the steel segment last year ($99 million in 2022) and $213 million in the mining sector ($244 million).
At the same time, it is noted that the share of the mining segment in 2023 increased to 75% of total investment (+6% compared to 2022), the share of investments in capital repairs increased to 86% of total expenditures (an increase of 6% compared to 2022), while strategic investments amounted to 14% of the total.
The priorities of capital expenditures affected by the war were affected by the implementation schedules of strategic projects in accordance with the actual production configuration and the identified optimization measures. At the same time, the development of the strategy for key projects is ongoing. Maintenance projects continue to be implemented to ensure an adequate level of output capacity and provide technology to increase production at the Ukrainian assets after the end of the war.
In addition, the group has taken a number of measures to minimize potential damage in case of emergency power outages.
As reported, Metinvest’s consolidated net loss in 2023 amounted to $194 million, while in 2022 it reached $2.193 billion (down 11 times). Revenue fell by 11% from $8.288 billion to $7.397 billion in 2022, while EBITDA fell by 54% to $861 from $1.873 billion. At the same time, the steel sector’s revenue decreased by 15.2% to $4.846 billion, and the mining segment’s revenue decreased by 0.8% to $2.551 billion. Adjusted EBITDA of the Group’s steel division decreased by 40.4% to $159 million, and of the mining segment by 50.2% to $770 million.
“Metinvest is a vertically integrated group of steel and mining companies. Its enterprises are located in Ukraine – in Donetsk, Luhansk, Zaporizhzhia and Dnipro regions, as well as in Europe.
The main shareholders of the holding are SCM Group (71.24%) and Smart Holding (23.76%), which jointly manage it.
Metinvest Holding LLC is the management company of Metinvest Group.
CENTRAL GOK, INVESTMENTS, METINVEST, Каметсталь, Покровскуголь
Following the attacks on the energy infrastructure in March and April, Vodafone has decided to double its planned investments in energy independence this year. Following this decision, the company plans to purchase additional generating capacity and autonomous power supply systems worth UAH 438 million. Total investments in the network’s energy resilience in 2022-2024 will exceed UAH 674 million.
Vodafone is investing in new types of batteries for its communication facilities. To improve reliability and extend the autonomous power supply time of its base stations, the company has already purchased 13.5 thousand batteries of a new lithium-ferrous type (LiFePO4). Such batteries are much better adapted to harsh operating conditions with frequent and prolonged power outages. Vodafone plans to purchase an additional 4,612 such batteries in 2024.
In addition, Vodafone will increase its generating capacity. More than 1.5 thousand base stations are already powered by generator sets, including the company’s own stationary and mobile generators, as well as generator sets of partners and customers. During the war alone, the company purchased about 500 mobile generators and the auxiliary equipment necessary for their operation. In 2024, the number of generating equipment of various types will increase by another 280 units.
Today, more than 700 partner generators ensure the network’s operation during outages, and this number is constantly growing. Vodafone is open for further cooperation – companies that have a diesel generator set and are ready to share its capacity to provide communication for their company and other subscribers within the base station coverage area can send a letter to no_blackout@vodafone.ua. Vodafone experts will be happy to discuss the details of possible cooperation.
During previous emergency outages, the company has already used more than 1,094 tons of diesel and gasoline. Vodafone’s power engineers have also ensured sufficient diesel and gasoline reserves to generate electricity to keep the grid running during the blackouts. To minimize the risks of a shortage of certain types of fuel and diversify fuel supplies, including on a regional basis, the company has increased the number of wholesale fuel suppliers with whom it has signed contracts and made significant fuel reserves.
CRH Group, the largest building materials manufacturer in North America and Europe, has invested $80 million in Ukraine over the course of the full-scale invasion. Guillaume Cavalier, President of CRH in Central and Eastern Europe, told Forbes Ukraine that the group’s total investments in Ukraine over 25 years of work amount to more than $500 million. According to him, in the context of rebuilding infrastructure in Ukraine, it is important to use cement produced locally, which will provide jobs and higher revenues to the state budget.
Cavalier emphasized that for the potential growth of the Ukrainian cement market after accession to the EU, it is important to invest in the expansion of production facilities now. He reminded that the Antimonopoly Committee of Ukraine (AMCU) is currently considering CRH’s application to acquire assets of Italian Buzzi in Ukraine – cement plants Volyn-cement (Zdolbunov, Rivne region) and YuGcement (Olshanskoe, Mykolayiv region).
As reported, on January 23, AMCU reported about the beginning of consideration of the case on concerted actions in the form of fulfillment of provisions on refraining from competition, enshrined in the concentration agreement between the Irish group CRH and Dyckerhoff GmbH, which own assets in Ukraine.
In June 2023, Italian cement producer Buzzi, listed by the National Agency for the Prevention of Corruption as an international sponsor of war, through its subsidiary Dyckerhoff GmbH, reached an agreement to sell part of its business in Eastern Europe to Irish group CRH, including Ukrainian assets in the form of two cement plants. The transaction is expected to close in 2024.
Later, in September 2023, the AMCU returned CRH’s application for concentration without consideration due to non-compliance with the requirements, and also noted that the group occupies about one-third of the Ukrainian cement market. In October of the same year, the agency reopened the case.
CRH has been operating in Ukraine since 1999. Since November 2021, its cement enterprises in Ukraine have been operating under the Cemark brand: Podolsk Cement JSC (Khmelnytskyi oblast), Cement LLC (Odessa) and Mykolaivcement PJSC (Lviv oblast).
A separate business area of CRH in Ukraine is production concrete and reinforced concrete products. PoliBeton Energo’s Bila Tserkva Reinforced Concrete Plant is a specialized enterprise that produces supports for power transmission lines. PoliBeton’s concrete unit in the north of Odessa joined CRH in 2020.
CRH is a leading manufacturer of construction materials in the world. The company employs about 71,000 people at its 3,200 plants in 28 countries. It is the largest producer of building materials in North America and Europe. The company is also present in Asia. American depositary shares of CRH are listed on the New York Stock Exchange.
