Business news from Ukraine

Business news from Ukraine

Astarta has invested $5.2 mln in purchase of 50 units of agricultural equipment for spring fieldwork

Agricultural holding Astarta, Ukraine’s largest sugar producer, has purchased over 50 units of agricultural machinery and components with a total value of over $5.2 million for spring fieldwork, the holding announced on Facebook.

“Systematic investments in modern equipment allow us to optimize operational processes, reduce costs, and lessen the environmental impact, particularly by reducing our carbon footprint,” said Astarta’s Chief Operating Officer Vasyl Chmeliuk.

The list of purchased equipment includes heavy-duty and small tractors, planting complexes, precision seeders, and other equipment. The majority of the fleet has already been delivered to production sites. The modernization is aimed at implementing precision and regenerative farming practices, as well as optimizing soil cultivation processes.

Astarta clarified that the infrastructure upgrade is part of a long-term investment strategy. By the end of 2025, the holding’s total investments in modern equipment amounted to approximately $22 million.

Astarta is a vertically integrated agro-industrial holding operating in eight regions of Ukraine. It comprises six sugar factories, agricultural enterprises with a land bank of 220,000 hectares and dairy farms with 22,000 head of cattle, an oil extraction plant in Hlobine (Poltava region), seven grain elevators, and a biogas complex.

According to the results for 2025, Astarta reduced its total revenue from sales of key product categories by 15.6% compared to 2024—to UAH 21.05 billion—while physical sales volumes of its main products fell by 23.5%—to 1.21 million tons.

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Budshlyakhmach is building new plant in Brovary to produce frames and increase localization of equipment

Budshlyakhmash has begun construction of a new 3,000 sq. m production complex in Brovary (Kyiv region), which will be used to manufacture vehicle frames, allowing the company to increase the localization of municipal and special equipment it produces from the current 40-60% to 75%, according to Dmytro Kysilevsky, deputy chairman of the Verkhovna Rada Committee on Economic Development.

“The start of production of vehicle frames is scheduled for mid-2026,” he wrote on Facebook on Tuesday.

According to him, this indicator (40-60% localization) was achieved thanks to licensed SKD assembly of equipment based on Daewoo and JAC chassis with the right to use its own VIN code.

“The contract with these companies provides for permission to replace imported components with Ukrainian ones,” Kysilevsky said.

The MP noted that after the launch of frame production, Budshlyakhmach plans to establish the production of wheel axles, as well as order tires, fuel tanks, and plastic components from other Ukrainian manufacturers.

“Next spring, Budshlyakhmach plans to start developing a new production site on the outskirts of Brovary to create an industrial park with a machine-building cluster. Forty thousand square meters of industrial buildings will be built on an area of 11 hectares. The total investment in this project is about $40 million,” Kysilevsky said.

According to him, investment in new production facilities is stimulated by localization legislation. This year, it requires a mandatory Ukrainian component of at least 25% in public procurement of equipment, and in 2026, the minimum localization level will increase to 30%.

Budshlyakhmash manufactures dump trucks, garbage trucks, truck cranes, sand spreaders and watering machines, tow trucks, and other equipment. In 2025, production volumes will be about 70 units per month.

According to opendatabot, in 2024, the Spetsbudmash plant in Brovary, where Budshlyakhmash Group’s automotive equipment is manufactured, earned UAH 4.2 billion in revenue and UAH 298.5 million in net profit, and in the first nine months of this year, UAH 3.3 billion and UAH 265 million, respectively.

The ultimate beneficiaries are Myroslav and Oleksandr Guiwan.

The Budshlyakhmash group of companies is the official representative in Ukraine of domestic and foreign manufacturers of special, road, and municipal equipment (JAC, Scania, Renault, MAN, Pronar, Daewoo, and Spetsbudmash brands).

Last year, Budshlyakhmash Trading House LLC received UAH 2.18 billion in revenue and UAH 22.9 million in net profit, and in January-September 2025, UAH 138.7 million and UAH 1.9 million, respectively.

The ultimate beneficiary is Myroslav Guiwan.

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UZ received new equipment for track workers and power engineers

Ukrzaliznytsia received a batch of equipment for track workers and power engineers as part of a three-year infrastructure modernization program, which will increase the speed, safety, and efficiency of railway infrastructure restoration and maintenance work, according to Minister of Community and Territorial Development Oleksiy Kuleba.

“For almost five years, no equipment for small-scale mechanization was purchased, but this summer we launched a centralized three-year program to upgrade the infrastructure. This has had an effect, both in terms of the quality of the equipment and the purchase price, and the production units are already seeing the first results,” Kuleba said.

According to him, track workers have already received more than a thousand units of small mechanization equipment—rail cutters, rail drilling machines, electric tampers, nut runners, brush cutters, and other equipment, mainly of Ukrainian production, in particular from Kharkiv and Dnipro. Twenty new hopper dispensers manufactured at UZ’s own facilities have also been delivered, with another 30 planned by the end of the year.

“UZ energy workers have received a new telescopic car lift, which will help to quickly restore high-voltage overhead lines after enemy shelling. Tractors have also been purchased to clear the right-of-way, which will improve the efficiency and safety of operations. All of this is Ukrainian-made. By the end of 2025, UZ will supply its divisions with more than 1,800 units of small mechanization equipment. In 2026-2028, it plans to purchase more than 9,500 additional units. This will form a renewed base for track maintenance across the entire network,” the minister said on Sunday.

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IMK to invest $25 mln in equipment upgrades in 2026

The IMK agricultural holding will not launch any new investment projects in 2026, but will allocate approximately $25 million to equipment upgrades, according to Alex Lissitsa, advisor to the holding’s board of directors.

“We will invest up to $25 million next year, primarily in equipment, but also in our other projects,” he said at the Forbes Agro 2025 conference in Kyiv on Friday.

IMK is an integrated group of companies operating in the Sumy, Poltava, and Chernihiv regions (northern and central Ukraine) in the crop production, elevators, and warehouses segments. Its land bank covers 116,000 hectares, and its storage capacity is 554,000 tons for the 2024 harvest of 864,000 tons.

IMK ended 2024 with a net profit of $54.54 million, compared to a net loss of $21.03 million in 2023. Revenue grew by 52% to $211.29 million, gross profit quadrupled to $109.10 million, and normalized EBITDA increased 25-fold to $86.11 million.

 

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Agroholding invested EUR1.85 mln in new potato equipment

Agroholding Continental Farmers Group has started harvesting potatoes in the Ternopil and Lviv regions, where 2,100 hectares are allocated for cultivation, according to the agroholding’s press service.

“Harvesting is already underway in both regions where the company grows crops: in Lviv region, they started with chip potatoes, and in Ternopil region, with early seed varieties. In addition, Continental will also harvest food varieties. In total, the company will harvest tubers from an area of 2.1 thousand hectares this season,” the agricultural holding said, adding that potato harvesting will continue until the end of October.

Continental also said that in 2025, it purchased new machinery and equipment for potato production worth more than EUR 1.85 million. This includes Ukraine’s first self-propelled four-row third-generation potato harvester with a capacity of 460 hp, a trailer-transloader, a receiving hopper, an optical sorter, a potato picker, and equipment for calibrating and storing products.

As reported, Continental allocated 2,130 hectares for potatoes in the 2025 season, of which 60% are chip varieties, 24% are table varieties, and 16% are seed plots. The agricultural holding explained the 13% increase in the area under this crop compared to last year by the growth in demand for table potatoes and additional demand for the production of chip potatoes.

The Mriya agricultural holding and CFG, united under the name Continental Farmers Group, have been operating as a single business since November 2018, when Mriya signed an agreement with international investor Salic UK to sell its assets.

Salic was founded in 2012. Its sole shareholder is the Saudi Arabian Public Investment Fund, which invests in agricultural and livestock production.

 

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IT Coalition provides Ukraine with equipment worth EUR 900 thousand

The IT Coalition, an initiative led by Estonia and Luxembourg, has provided Ukraine with equipment worth EUR 900 thousand.

According to the Ministry of Defense of Ukraine, this is the first delivery to the Armed Forces of Ukraine within the framework of the IT Coalition. Laptops, monitors and other communication equipment worth EUR 900 thousand will be delivered to the units in the near future. The efficient and fast procurement was made possible by the NATO Support and Procurement Agency.

“The equipment will improve communication and the ability to plan tasks at the tactical level. This is one of our priorities – to meet the needs of the units for communication at the front. I am grateful to our partners for their responsibility and speed in decision-making,” said Kateryna Chornohorenko, Deputy Minister of Defense for Digital Transformation, Digital Development and Digitalization.

The IT Coalition is an ad hoc group of states within the Ukraine Defense Contact Group (Ramstein format) led by Estonia and Luxembourg. It is focused on providing support to the Ministry of Defense of Ukraine and the Armed Forces of Ukraine in the field of IT, communications and cybersecurity. The coalition has already raised financial and in-kind contributions of more than EUR 36 million, with contributions of more than EUR 23 million still expected.

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