Business news from Ukraine

Business news from Ukraine

New factory for production of ready-made meals and semi-finished products is being built near Kyiv – Kysilevsky

The Dnipro-based Sol Union group of companies has begun construction of the Neo Food System factory in the Kyiv region. The project capacity of the enterprise will allow it to produce 60,000 ready-made meals per day. The factory will produce ready-to-eat chilled, pasteurized, sterilized, and deep-frozen meals. The group’s investment in this project amounts to UAH 220 million.

This was announced by Dmytro Kysilevsky, Deputy Chairman of the Verkhovna Rada Committee on Economic Development. He noted that Sol Union took advantage of several programs of the “Made in Ukraine” policy for the development of Ukrainian manufacturers to implement its current investment projects. In particular, the group took advantage of a state grant of UAH 8 million for processing, purchasing autoclaves manufactured by the Rozfood plant in Kyiv. In addition, the group attracted loans from the “5-7-9” program. It plans to further expand its loan portfolio.

The launch of the plant will create 260 new jobs in the Kyiv region. The production area is 4,000 square meters.

To implement the Neo Food System factory project, the group purchased a ready-made industrial premises that already has the necessary connected electricity, water supply, treatment facilities, and drainage. The installation of the enterprise’s equipment will begin in April 2026. The launch of production is scheduled for June, and the project is expected to reach its design capacity in September 2026. The first exports to EU countries are planned for 2027.

The Sol Union group of companies includes two food production and packaging factories, a vegetable storage facility with a capacity of 5,000 tons, and warehouses with a total area of 17,000 square meters. Until now, all of the group’s enterprises were located in Dnipro.

The “Made in Ukraine” development policy for Ukrainian manufacturers combines state programs aimed at developing production, attracting investment, and stimulating exports.

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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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Ukrainian sugar factories have produced 880,000 tons of products since beginning of season

As of the first ten days of November 2025, 26 sugar factories belonging to the National Association of Sugar Producers of Ukraine produced 880,000 tons of sugar, which is 100,000 tons (10.2%) less than on the same date in 2924, Ukrtsukor reported on Telegram.

The industry association noted that the current sugar yield is 14.81% (last season — 14.09%). This is due, in particular, to the higher sugar content of beets upon acceptance — 17.39%, which is 0.62% higher than in 2024.

Among the regions, Vinnytsia region remains the leader in production, with six factories already producing 196,000 tons of sugar.

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Lithuanian company sold Mukachevo knitwear factory “Mriya”

Translum LLC (Mukachevo, Zakarpattia region) became the owner of more than 98.87% of the shares of Mukachevo Knitwear Factory “Mriya” JSC, previously owned by Utenos Trikotazas JSC (Utenos Trikotazas, Lithuania).

According to information in the disclosure system of the National Securities and Stock Market Commission (NSSMC), the relevant purchase and sale agreement was signed by the parties on October 24 of this year.
According to YouControl, Translum LLC was registered on July 23 of this year with a registered capital of UAH 5 million, specializing in the production of knitwear and knitted clothing. The owner and ultimate beneficiary is local entrepreneur Vladislav Vitvinov.

Mukachevo Knitting Factory Mriya, a knitwear manufacturer founded in 1973, has been a subsidiary of Utenos Trikotažas since 2005.
The main supplier of raw materials and buyer of finished products is Utenos Trikotazas, which owned 98.95% of the factory’s shares.

According to the company’s financial report to the National Securities and Stock Market Commission, in 2024 it incurred a loss of UAH 7.4 million (46.6% less than in 2023) with a 15% reduction in net income to UAH 20 million.
As of the beginning of this year, the factory employed 84 people (compared to 113 a year earlier).

The authorized capital of JSC Mukachevo Knitting Factory Mriya is UAH 5.13 million, with a share par value of UAH 0.1.

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China’s SHAC to build chassis plant in Serbia

According to Serbian Economist, Chinese heavy vehicle manufacturer SHAC (Shanghai Huizhong Automotive Manufacturing) plans to build a plant in Novi Sad. This will be the company’s first European plant, and it is expected to open by the end of 2025.

The investment is estimated at around €40 million. The plant will be located in the CTPark Novi Sad East industrial zone and will produce chassis for European automotive giants, including BMW. Initially, around 200 jobs are planned, of which around 50% will be for highly qualified local specialists.

Serial deliveries to European markets are expected to begin in the first quarter of 2027.

This project is part of efforts to attract foreign direct investment to the regions and increase industrial production in Serbia.

The official name of the investor is Shanghai Huizhong Automotive Manufacturing Co., Ltd. (SHAC). The company was founded in 1992 (although the company’s roots in automobile manufacturing date back to 1958, when the first truck of this type was assembled in China).

The company’s products include heavy trucks, buses, minibuses, chassis, components, and accessories for the automotive industry. The company has multiple production facilities in China (several factories), two R&D centers (one in Shanghai and a sub-center in Ningbo), and partnerships with major brands such as GM, Volkswagen, and others.

 

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Ukrainian sugar factories can produce 2.2 mln tons, but there is lack of sales markets

Ukrainian sugar factories are capable of producing 2.2 million tons of sugar, but processors are currently unable to sell all their products, so they are maintaining production at 1.2-1.3 million tons. However, this can only happen if domestic consumption returns to pre-war levels and new export markets open up, said Yana Kavushevska, head of the National Association of Sugar Producers of Ukraine “Ukrtsukor.”

“If we have 30 factories that can produce sugar, probably 2.2 million, if we had markets where we could sell this sugar steadily and with some profit that satisfies producers, that would be quite good. This is what we can optimally grow and process. The optimal capacity of existing sugar factories is 2.2 million tons,” she said on Ukrainian Radio.

She noted that the main problem for sugar producers now is export markets, as the domestic market will not be able to absorb the entire volume of production.

“We really hope that the domestic market will recover to at least its pre-war level by 2022. That would be 1.2-1.3 million tons,” Kaushevska said.

The expert clarified that before the full-scale invasion, even after the loss of part of the territories in Donetsk, Luhansk regions, and Crimea, domestic sugar consumption in Ukraine amounted to 1.2-1.3 million tons. However, after the start of the full-scale invasion, domestic consumption fell to 900,000 tons. Thanks to the opening of the European market during the autonomous trade measures (2022-2024 – IF-U), sugar producers were able to supply 300,000 tons to Europe.

“We now have restrictions (on sugar supplies to the EU – IF-U), and accordingly, we need to decide where to send these 300,000 tons,” she said.

The head of Ukrtsukor stated that in 2025, Ukrainian farmers reduced the area under sugar beet cultivation to 220,000 hectares, which is 15.4% less than last year’s figures.

According to her, Ukrainian processors were very disappointed with the quotas for sugar supplies to the European Union, which were announced in the spring of 2025 and were planned at 67,000 tons. Currently, this volume has been increased to 107,000 tons of sugar, but in previous years, deliveries to the EU reached 473,000 tons.

The head of the industry association recalled that in 2024, the sugar industry showed record export figures – over 740,000 tons, thanks to which Ukraine received over $420 million.

 

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