In 2024, VESCO group, which unites the clay mining business of umgi investment company (formerly UMG Investments) of SCM Group, resumed production of raw materials in difficult working conditions in the region of active hostilities, said Yevhenii Tsymarman, CEO of VESCO in Ukraine, in an address to employees.
According to him, the main outcome and the biggest achievement of each military year is that the company continues to work, supporting the country and its defenders.
“Thanks to the hard work of the VESCO Group team in Ukraine, cohesion and dedication, we managed to achieve important results in 2024. We resumed production of raw materials despite the difficult working conditions in the region of active hostilities. We have reopened another shipment station, increasing the volume of finished goods shipped to customers and port warehouses,” the CEO said.
He also added that the company has restored the capacity of its physical and chemical laboratory to remain a reliable partner for customers even in the most difficult times.
“We continued to fulfill our reclamation obligations to restore soil fertility and vegetation cover after the completion of mining operations. We have maintained the tradition of annual salary increases and medical insurance for our staff at the expense of the group,” stated the CEO.
Despite all the difficulties, the company already has plans for 2025, Mr. Tsymarman noted.
umgi is an investment company focused on developing businesses in the raw materials and processing sectors. It was founded in 2006 by SCM Group. Investment focus: mining; by-product and waste management; production of industrial goods and services. The total value of portfolio companies is estimated at over $500 million.
