A large Ukrainian manufacturer of heating devices and equipment for heating systems (TM Termia), JSC Vinnytsia Mayak Plant, has installed its own solar power plant (SPP), according to Andriy Ocheretny, deputy head of the Vinnytsia City Council.
“The SPP was launched on September 19, 2025. A total of 384 solar panels were installed. The peak capacity is 236.16 kW,” he wrote on Facebook on Thursday.
As specified by City Council Deputy Vyacheslav Terlikovsky, the enterprise took advantage of the Vinnytsia City Council’s program to compensate for the cost of equipment from renewable energy sources.
According to him, the installation of the SES was carried out by Promavtomatika Vinnytsia LLC, which will also provide further maintenance.
The Mayak plant, under the Termia trademark, manufactures, among other things, air heating units (heat guns, fan heaters, air curtains), electric convectors, electric boilers, and heating radiators.
According to the company’s annual report on its website, in 2024, its consolidated net profit decreased by 2.4 times compared to 2023, to UAH 7.6 million, and net income decreased by 10%, to UAH 251.6 million.
Ocheretny also reported that an application for compensation from the Vinnytsia City Council for the purchase of equipment for the production of electricity from renewable sources was submitted by PP “Konex,” which specializes in the trade of pharmaceutical products.
“PP Konex now also has its own solar power plant with a total capacity of 60 kW. In total, 108 panels (560 W each) and 20 storage batteries (5.12 kW each) are installed on the roof of the enterprise,” he wrote.
According to its website, the Konex pharmacy chain has more than 200 pharmacies in the Vinnytsia, Khmelnytskyi, Chernivtsi, Cherkasy, Kirovohrad, Zhytomyr, Ivano-Frankivsk, Kyiv, Rivne, Ternopil, and Odesa regions.
According to its report, Konex earned UAH 51.8 million in net profit and UAH 3.5 billion in revenue in 2024.
Afina Group LLC, whose beneficiaries are Ruslan Shostak and Valery Kiptik, co-owners of the EVA and Varus chains, paid UAH 608.1 million for 100% of the shares of the privatized Vinnytsia Pobythkhim PJSC, according to the press service of the State Property Fund of Ukraine (SPFU).
“Once again, we are seeing a positive outcome of large-scale privatization: a nationalized asset that previously belonged to a Russian business subject to sanctions has returned to the Ukrainian economy. This is a double victory for the state: we are eliminating the influence of the aggressor country and at the same time receiving more than UAH 600 million, which has already been transferred to the budget and will be used for the country’s recovery. Privatization shows that even in the difficult conditions of war, we can attract investment, preserve jobs, and create new opportunities for business and economic development in general,” emphasized Ivanna Smachylo, acting head of the SPFU.
The funds have already been transferred to the budget and will be directed to the Fund for the Elimination of the Consequences of Armed Aggression for the restoration of the country.
As reported, in August, AFINA Group won an online auction for the privatization of the nationalized Vinnytsia Chemical Plant, offering UAH 608.136 million against the initial price of UAH 301.406 million.
Earlier it was reported that on July 31, 2024, the High Anti-Corruption Court (HACC) upheld the Ministry of Justice’s claim to apply sanctions to the Russian JSC Nevskaya Kosmetika in the form of confiscating 100% of the shares of the Ukrainian PJSC Vinnytsia Pobyutkhim to the state.
In July 2022, the seized assets of Vinnytsia Pobyutkhim were transferred to the National Agency for the Detection, Investigation, and Management of Assets Derived from Corruption and Other Crimes (ARMA).
As a result of a competitive selection process held in July 2023, the right to resume operations and become the asset manager was granted to Kraytex-Service LLC, part of the Afina Group. Kraytex-Service later announced that it would invest UAH 400 million in launching production at Vinnytsia Pobyutkhim.
ARMA ceased management of the asset in April 2025 and transferred it to the State Property Fund of Ukraine for further sale. According to the National Agency, during the period of management of the seized asset, almost UAH 100 million was transferred to the state budget.
While managing the plant, Afina Group launched production of its own brands, Vuhastyk and Sarmix, at its facilities. As previously commented to Interfax-Ukraine, the company plans to continue production of these brands after completing all the stages of ownership registration required by law: settlement of accounts and signing of a purchase and sale agreement with the State Property Fund, passing a comprehensive check on the participant’s compliance with the requirements of the law, confirmation of the absence of prohibitions and sanctions, as well as the official transfer of the object to the new owner.
According to data from YouControl, in the first half of 2025, Afina Group LLC increased its revenue by 10.8% to UAH 1 billion 517.25 million, with a net loss of UAH 156.09 million compared to a net profit of UAH 44.01 million in the first half of 2024.
The development company Alterra Group will build the Formation.Vinnytsia industrial park (IP) based on the Quadruple Helix model, with total investment in the project estimated at UAH 6 billion, the company’s press service told Interfax-Ukraine.
“The Formation.Vinnytsia industrial park is the second project in our Formation series of parks. The first one, which we are implementing in Lviv, has already proven the effectiveness of our model — a full-fledged ecosystem for manufacturers with the integration of the Quadruple Helix Model,” said Alterra Group CEO Dmytro Kovalchuk during the project presentation in Vinnytsia.
As reported, in early 2025, investor Boris Shestopalov of Volia Agri-food Park Vinnytsia (Vinnytsia Industrial Park) brought commercial real estate developer Alterra Group on board as a strategic partner for the construction of the industrial park. According to the OpenDataBot service, Yuparks LLC sold 75% of the authorized capital of Alterra Group LLC.
UPARKS began construction of the industrial park in August 2023. The Volia Agri-Food Park Vinnytsia project received approximately UAH 116 million in state support in 2024.
According to Alterra Group, as of May 2025, roads and sewage systems have already been connected to the industrial park, and a wide highway is currently being laid there. The total investment in the project, which is scheduled for completion by 2029, is estimated at UAH 6 billion.
The area of “Formation.Vinnytsia” will cover 175,000 square meters, where about 50 companies can be located. The Quadruple Helix model provides for cooperation between education, business, government, and society to create innovations. According to this concept, there are plans to create an innovation and technology development center, which will include a prototyping laboratory with professional equipment for creating prototypes, an R&D center for developing new products, and a business incubator for manufacturing startups. The IP is expected to create about 3,500 jobs, and cooperation with universities will allow educational programs to be adapted to the real needs of business.
“We are particularly interested in the development of food processing, the automotive engineering and components sector, and related areas. At the same time, we are open to other industries if their activities fit harmoniously into the overall ecosystem of the park and contribute to mutually beneficial coexistence,” Alterra Group said.
Another feature of the project is that the management company will help residents to export their products thanks to its membership in European chambers of commerce and industry, promising preferential terms for participation in international exhibitions and communication with potential foreign partners. As specified to Interfax-Ukraine, this service will be available to park residents by the end of this year.
The future infrastructure of the ID includes facilities aimed not only at residents but also at the community as a whole. An apart-hotel, a canteen, a gym, a supermarket, a sports ground, a customer center, and a shelter are planned.
Alterra Group LLC was established in 2016 with a statutory fund of UAH 5 million. The ultimate beneficiary is Dmytro Kovalchuk. The company’s portfolio includes nine projects, of which 107,868 square meters have already been commissioned, and 108,900 square meters will be ready in 2025. According to OpenDataBot, in 2024, the company received UAH 236,969,700 in revenue, which is twice as much as in 2023, and reduced its net loss by 1.7 times to UAH 699,300.
A new industrial park, Integral, will be set up in Vinnytsia on the territory of a former lamp factory, the city’s mayor, Sergey Morgunov, said on Facebook.
“Today we launched the creation of the fifth industrial park in Vinnytsia. Invest Holding Company LLC plans to invest UAH 1 billion in its construction. Subsequently, about 930 people will be employed here,” Morgunov wrote on Thursday evening.
He emphasized that attracting investment and opening new production facilities during the war is critical for the life of the community.
According to opendatabot, Invest Holding Company LLC was registered in 2022, with the main activity being the provision of commercial services and leasing of property. The ultimate beneficiary of the company is Vinnytsia businessman Taras Kovalchuk. In 2023, the company’s revenue amounted to UAH 5 million, and the loss was UAH 0.26 million.
Kovalchuk owns Zodchiy LLC, a Vinnytsia-based company specializing in the sale of wood and building materials (he owns 87.8% of Invest Holding Company LLC). The company’s net income in 2023 amounted to almost UAH 566 million.
There are currently four IPs in Vinnytsia: Vinnytsia Cluster of Refrigeration Engineering, WinterSport, Volia Agri-Food Park Vinnytsia, and VinIndustri, which has four residents and has received UAH 79 million in state support under the IP support program. Volia Agri-Food Park Vinnytsia, which is invested by Borys Shestopalov, co-owner of foodtech companies HD Gtroup and GFS, also received about UAH 116 million in state support.
Lemtrans, Ukraine’s largest private rail transportation operator, has completed the first stage of construction of the Vinnytsia container terminal, the company’s press service said on Monday.
“Lemtrans Group has completed the first stage of construction and opened the Vinnytsia container terminal. As part of this stage, a new infrastructure was created: railroad tracks were laid, a container yard with a capacity of up to 2000 TEU was equipped, and a covered warehouse with an area of 3,500 square meters was built,” the statement said.
The total area of the terminal is 8 hectares, and its throughput capacity is 30 thousand TEU per year.
Modern equipment and infrastructure of the terminal provide a significant acceleration of cargo handling, the company said.
“We are creating new opportunities, as the emergence of such a terminal in the region opens up access to global logistics for cargo owners, both large and small. This means that exporters and importers no longer depend on the size of the consignment or the influence of global trading companies,” the statement quoted Dmytro Balaba, CEO of Container Terminal Vinnytsia, as saying.
The opening of the Vinnytsia container terminal is an important step for the further economic development of the region – investments in the project amounted to about $15 million, the report says.
It is also reported that the terminal has already received the first train, formed in cooperation with UZ CARGO POLAND and the Liski Transport Service Center. The first batch of cargo exceeded 60 TEU. The regular service will connect the Polish port of Gdansk with the terminal in Vinnytsia.
According to Vinnytsia Mayor Serhiy Morgunov, container transportation will allow Vinnytsia community to expand cooperation with other regions of Ukraine and, at the same time, with other European countries.
“We are talking about creating new jobs, increasing the competitiveness and sustainability of our community,” Morgunov said in a statement.
On Thursday, the international chain JYSK opened a renovated, largest JYSK store in Vinnytsia (1a Yevhen Pikusa St., Kvartal shopping center), the company’s press service reported.
According to the press release, JYSK Country Director in Ukraine Yevhen Ivanitsa said that the store has increased storage space, updated lighting, commercial equipment, and plans to improve logistics ergonomics. Its selling area is 1076 sq.m., the warehouse area is 275 sq.m. (it was increased by 21 sq.m.). The store also has a new office space with an area of 35 sq.m.
The store was rebuilt in accordance with the modern JYSK 3.0 store concept.
JYSK also announced new signed lease agreements. Currently, the chain has 98 operating stores, and it is planned to expand to 105 outlets by the end of the year. In particular, it is planned to open the ninth store in Lviv and the 37th in the Kyiv agglomeration.
JYSK Ukraine employs more than 800 people.
JYSK is part of the family-owned Lars Larsen Group with more than 3.4 thousand stores in 48 countries. JYSK’s revenue in the financial year 2022/23 amounted to EUR 5.2 billion.
