Business news from Ukraine

Business news from Ukraine

KMZ’s loss rose to 29.5 mln UAH, while revenue fell by 2.4%

According to Fixygen, shareholders of Kyiv Margarine Plant (KMZ), a member of the Olkom Group, intend to approve the results of financial and economic activities for 2025 and the procedure for covering losses using future profits at a remote general meeting on April 22, the company reported in the disclosure system of the National Securities and Stock Market Commission (NSSMC).

According to the draft resolutions, shareholders plan to approve the performance of the management board and supervisory board for 2025 as satisfactory and to approve the conclusions of the audit reports of Odi Audit Assurance LLC for 2024 and 2025. It is proposed to appoint the same company as the auditor for the next period.

The agenda also includes granting preliminary consent for significant transactions during the year. Specifically, this involves obtaining loans, credits, and banking products totaling up to UAH 250 million for a term of up to 6 years. Shareholders plan to authorize the transfer of property as collateral or a mortgage to secure obligations to financial institutions with a maximum aggregate value of UAH 500 million.

In addition, the general meeting will terminate the powers of the current members of the supervisory board, consisting of Hanna Oleksenko, Artem Oleksenko, and Olga Oleksenko. They will be re-elected for a new term. The terms of civil law contracts with supervisory board members do not provide for the payment of remuneration.

Kyiv Margarine Plant PJSC (KMZ) was founded in 1949 in Kyiv. It is known as a producer of oil and fat products under the “Olkom” trademark as part of the Olkom Group. The company’s production capacity allows it to refine up to 6,000 tons of oils and fats, produce 4,500 tons of margarine, 1,000 tons of mayonnaise, and 600 tons of packaged sunflower oil each month. The plant’s product range includes items for retail chains (sauces, margarines, mustard) and specialized fats for the B2B segment, specifically for companies in the confectionery, dairy, and baking industries, as well as the HoReCa sector.

According to data from the Opendatabot service, Kyiv Margarine Plant PJSC (Kyiv, Nauky Ave., 3) was founded in 1994. The company’s net loss for 2025 amounted to UAH 29.52 million, compared to a loss of UAH 5.27 million in 2024. The company’s revenue for the reporting period decreased by 2.4% to UAH 513.36 million, while assets increased by 3.6% to UAH 423.15 million. The number of employees at the end of the year was 136. The main shareholders are Hanna Oleksenko (50.29%) and Olga Oleksenko (43.86%).

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KMZ pumps construction of first stage of export grain terminal for Alebor Group

KMZ Industries (Karlovskiy Machine Building Plant, KMZ, Poltava region) at the end of 2022 has manufactured and delivered the equipment necessary for the completion of construction of the “dry” port of Alebor Group located on the territory of Hlybotskiy community (Chernivtsi region) near the border with Romania.
According to the Facebook page of the engineering company, KMZ is ordering construction of the first stage of the export grain terminal with a capacity of 30 000 tons and loading capacity of 300 tons per hour.
Altogether Alebor Group is planning several stages of terminal construction for 2023-2024. In the long term, the “Vadul-Siret Terminal” project will transship Ukrainian agricultural products into narrow gauge railroad wagons for subsequent shipment to the Romanian port of Constanta, thus giving exporters an alternative to Ukrainian sea ports.
As reported, the head of Hlybock community Gregory Vanzuryak in August 2022, wrote that the facility will be equipped with silos up to 200 thousand tons and a capacity of handling up to 3 million tons / year.
He said the first phase of the $20 million project, which will be completed in January 2023, will store up to 60,000 tons of crops and transship up to 1.2 million tons of grain annually to Romania.
Vanzuryak noted that the total construction cost of the facility will be $40 million.
Alebor Group in July-2022 announced the purchase of land for the construction of a terminal for transshipment of crops from the wide Ukrainian railroad track to the narrow European railroad track, as well as an elevator with a total capacity of 60 thousand hectares.
Alebor Group was founded in 2014. Its founder is entrepreneur Alexey Kustov.
In addition to Voronivtsi KPP, the group includes Krystyniv KPP (Cherkasy region) and KPP Chestne (Odessa region), as well as trucking companies Boleko (Cherkasy region), Autoera (Odessa region) and a trading division. The total fleet of the companies amounts to 210 grain carriers.
Before the full-scale Russian invasion into Ukraine, the group of companies had the capacity to export 1.2 million tons of grains and oilseeds per year. The total capacity of the three elevators is 315 thousand tons of simultaneous storage.
KMZ Industries produces flat-bottom and cone-bottom silos, flour storage silos, Brice-Baker mine dryers (British design) and chipboards (Ukrainian design), transport equipment (elevator, chain, belt and screw conveyors), separators for grain cleaning, installs and automates elevator equipment and technological processes in grain storages.
In 2020 the plant increased revenue by 35% to 395.26 million hryvnias and made 5.05 million hryvnias of net profit against a loss of 25.37 million hryvnias. In 2021, it planned to increase production by 30-50%.
As of the fourth quarter of 2021, Dragon Capital Investments Limited (Cyprus), whose ultimate beneficiary is Tomas Fiala, owns 80% of KMZ JSC shares, while Variant Agro Bud LLC holds 20%.

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