Business news from Ukraine

Business news from Ukraine

New paint booth manufacturing plant has been launched in Vinnytsia at “VinIndustry” Industrial Park

The new Smart Line plant in the VinIndustri industrial park (IP) (Vinnytsia) has begun production of paint booths for the metalworking industry; initial investments in the plant totaled 46 million UAH, according to Dmytro Kysilevsky, deputy chairman of the Verkhovna Rada Committee on Economic Development.

“The plant’s design capacity is 20 paint booths per month. The first phase covers an area of 2,800 square meters. The industrial facility for the second phase, with an area of 5,000 square meters, is scheduled to be built by the end of 2026, with commissioning in 2027. The planned investment in the second phase is 60 million UAH,” he wrote on Facebook on Thursday.

Kysilevsky emphasized that with the second phase, Smart Line will become Ukraine’s largest manufacturer of paint booths.

In total, the company plans to employ 150 workers; currently, 32 specialists are working there, and the search for another 15 employees is ongoing.

“The first paint booths manufactured in the industrial park have been exported. Deliveries have already been made to Poland and Moldova. An order from Estonia is currently being fulfilled,” the MP said.

He added that to import equipment for the second phase of the Smart Line plant, the company plans to take advantage of the incentives provided for industrial park participants, specifically the zero VAT rate and zero import duties on equipment.

“The company can also take advantage of a zero corporate income tax rate for a period of 10 years, provided that the freed-up funds are reinvested. The Vinnytsia City Council has reduced the land tax for industrial parks from 3% to 1%. In addition, park residents are exempt from property tax,” Kysilevsky noted.

The VinIndustri industrial park, covering 26 hectares, was established in 2021. The initiative came from the Vinnytsia City Council.

According to information on its website, the Smart Line powder coating equipment plant was founded in 2014, and at the end of April of this year, the company began moving to its own production facility.

The company’s co-owners are two entrepreneurs from Khmelnytskyi—company director Oleksandr Bebekh (66.7%) and Serhiy Korbin (33.3%).

As previously reported, among the declared residents of the VinIndustri industrial park are Firewood (a manufacturer of equipment for producing fuel briquettes and pellets), Vizardy (metalworking for construction and agriculture), and the pharmaceutical distributor BaDM.

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Ma’Rizhany Plant Has Resumed Operations Following Modernization of Its Production Lines

The Ma’Rizhany industrial hemp processing plant (Zhytomyr Oblast) has begun a new operating season following a technical hiatus during which the company modernized its production lines, the company announced on Facebook.

“We have installed new equipment to make hemp straw processing even more efficient. This will allow us to expand the volume and range of our products—natural raw materials for construction, textiles, agriculture, and many other sectors,” the company said.

The Ma’Rizhany Industrial Park was added to the Industrial Parks Register in August 2024. In May 2025, the Ma’Rizhany Hemp Company began operations here; it is currently Ukraine’s largest facility for the primary processing of industrial hemp. The plant’s initial capacity was 14,000 tons of long fiber per year.

Earlier, Dmytro Kysilevsky, deputy chairman of the Verkhovna Rada Committee on Economic Development, noted that if hemp cultivation in the region expands to 4,000 hectares, the park plans to double its processing capacity to 20,000 tons of raw material annually.

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“Boryspil Building Materials Plant” to Hold Shareholders’ Meeting on April 30

According to Fixygen, the shareholders of Boryspil Building Materials Plant plan to hold a general shareholders’ meeting on April 30. The company operates in the building materials sector and specializes in the production of concrete products for construction. On its corporate website, the company also lists concrete and mortar, reinforced concrete products, floor slabs, piles, lintels, and other building structures among its main areas of focus.

Boryspil Building Materials Plant PJSC is registered in Boryspil, Kyiv Oblast. According to public records, the company was founded on January 26, 1995; its authorized capital is UAH 217,100, and its director is Igor Shalimov. Its primary business activity is the production of concrete products for construction.

According to beneficiary data, Vladimir Shalimov holds a 63% stake and Igor Shalimov holds a 35% stake, giving them direct controlling influence in the company.

According to Opendatabot, the company’s revenue in 2025 was 463.58 million UAH, net profit was 15.57 million UAH, and assets at year-end were 188.0 million UAH. In 2024, the company’s revenue was 553.21 million UAH, and net profit was 9.27 million UAH.

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Kramatorsk “Teplopribor” Plant will hold shareholders’ meeting on April 30

According to Fixygen, PJSC “Kramatorsk ‘Teplopribor’ Plant” will hold a general meeting of shareholders on April 30, 2026, via remote participation. The agenda includes approval of the annual financial statements, operating results for 2025, profit distribution, and other corporate governance matters.

The company specializes in the production of control and measurement instruments and equipment for heating engineering and industrial automation. The plant is one of the industrial assets of the Donetsk region with a long history of operation in the machine-building sector. According to Opendatabot, the company is controlled by private Ukrainian shareholders.

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Kharkiv-based “Svitlo Shakhtaria” plant will not distribute its 2025 profits

JSC “Kharkiv Machine-Building Plant ”Svitlo Shakhtaria,” which is part of DTEK Energy’s machine-building assets, plans not to distribute the profit earned in 2025, according to information included in the agenda for the company’s general meeting of shareholders on April 27, published in the NSSMC’s information disclosure system.

“The profit earned based on the company’s performance in 2025 shall not be distributed,” states the draft resolution on this matter.

As previously reported, the shareholders also decided not to distribute the profit for 2024.

The amount of net profit earned by the company in 2025 is not specified in the notice; however, according to data from the YouControl project, it amounted to UAH 89.57 million—5.3 times less than the 2024 figure.

Retained earnings as of the beginning of this year amounted to UAH 575 million.

At the meeting, shareholders plan, in particular, to appoint Standard-Audit LLC as the auditor of the financial statements for 2026 and 2027 and to set the cost of its services at no more than UAH 169,500 per year (excluding VAT).

The plant’s main specialization includes scraper conveyors, loaders, coal mining combines, and underground transformer substations.

According to YouControl, the plant’s revenue decreased by 17.6% last year compared to 2024, down to UAH 1.57 billion.

“DTEK Energo” is an operating company responsible for coal mining and coal-fired power generation within Rinat Akhmetov’s “DTEK” holding.

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Karmel to Invest $10 Million in Construction of New Plant in Khmelnytskyi

Karmel (Khmelnytskyi), a manufacturer of concrete plants, plans to invest $10 million in the construction of another plant in Khmelnytskyi for the production of concrete manufacturing equipment, according to Dmytro Kysilevsky, deputy chairman of the Verkhovna Rada Committee on Economic Development.

“As part of its expansion plans, Karmel has purchased a plot of land on the outskirts of Khmelnytskyi for the construction of a new plant to produce concrete manufacturing equipment. The future plant will cover an area of 18,000 square meters—twice the size of the company’s current plant operating in Khmelnytskyi. Earthwork has already begun on the acquired site,” he wrote on his Facebook page on Monday.

Kysilevsky added that the decision to expand production was made in response to growing demand in domestic and export markets, particularly in the U.S.

“The company’s new production site will allow us to triple our capacity for manufacturing concrete plants. Additionally, we plan to launch production of new equipment—self-propelled concrete plants, as well as waste processing lines,” the MP noted.

Currently, according to his data, the company’s production volume stands at 40 concrete plants per year. Thirty percent of the equipment produced is exported.

In addition to stationary and mobile concrete mixers, the plant manufactures silos, cement dispensers, aggregate hoppers, water towers, and gantry cranes designed in-house.

Kysilevsky noted that the average localization rate for equipment manufactured by the Karmel plant is 70%, and products are sold on the domestic market, in particular, through the “Made in Ukraine” policy aimed at supporting Ukrainian manufacturers.

Specifically, concrete plant equipment is covered by a state program that compensates 15% of the cost of Ukrainian-made machinery, and a significant portion of the plant’s products is purchased using state grants of up to 8 million UAH.

“The company is currently considering the possibility of including its silos in the program to compensate 25% of the cost of agricultural machinery products,” the MP said.

According to information on its website, Karmel was founded in 1997. The company specializes in the manufacture of concrete production plants, concrete mixers, and a wide range of related equipment. The company’s production facilities, with a total area of over 40,000 square meters, are located in Ukraine and abroad. KARMEL has representative offices in Europe, Asia, and Africa, and its exports cover more than 20 countries.

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