Business news from Ukraine

Business news from Ukraine

Germany’s Goldhofer AG has invested €4.5 mln in production at “Krasyliv Technoport” industrial park

Industrial Park “Krasyliv Technoport” (Krasyliv, Khmelnytskyi Oblast) has attracted its first foreign industrial investment—German company Goldhofer AG has begun manufacturing components and spare parts for semi-trailers designed to transport oversized cargo, according to Dmytro Kysilevskyi, deputy chairman of the Verkhovna Rada Committee on Economic Development.

“The total investment for Goldhofer AG’s project in Krasyliv is EUR4.5 million, of which EUR1.5 million has already been contributed. The facility, which produces component sets for 7–8 semi-trailers per month, currently employs 36 workers, mostly welders. The products are shipped to Germany for further assembly,” he wrote on Facebook on Thursday.

According to Kysilevsky, the industrial park’s management company has also signed a memorandum to attract another foreign investor—the Polish company Modular, which plans to open a production facility in Krasyliv for commercial and residential modular homes made of metal structures.

“In addition, the Ukrainian company ‘Aton Energy’ has launched production of heat exchangers for solid-fuel boilers within the industrial park. The company also plans to purchase equipment to establish production of wall-mounted gas boilers at the industrial park,” the post states.

Kysilevsky also noted that the “Krasyliv Technoport” industrial park is currently preparing an application for state funding to develop engineering and transportation infrastructure.

The program provides for 50:50 co-financing of up to UAH 150 million and requires the recipient to ensure the construction of at least 5,000 square meters of industrial space and attract at least two participants within three years.

The “Krasyliv Technoport” industrial park, covering 10.1 hectares, was established in 2023 on a portion of the Krasyliv Machine-Building Plant’s territory that had been unused for a long time. The industrial park features industrial buildings with a total area of over 8,000 square meters. The park is connected to 8 MW of electricity, water, sewage, gas, and a railway spur.

According to information on its website, the German company Goldhofer is a provider of transport solutions with annual sales of approximately EUR 300 million. It has about 1,000 employees and an international presence with branches in Europe, North America, India, and the Middle East.

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In 2025, Lutsk Agrarian Company increased its production by 6.8% and its revenue by 28%

According to the results of 2025, Lutsk Agrarian Company (Avesterra Group) produced 56,003 thousand tons of products, which is 6.8% more than in 2024 (52,448 thousand tons), while net revenue grew by 28.2% to UAH 4.77 billion, the company’s press service told the Interfax-Ukraine news agency.

According to the company’s financial indicators, net profit for the year amounted to UAH 472.68 million, compared to UAH 408.63 million a year earlier.

The group’s press release notes that in 2025, approximately UAH 500 million in taxes were paid to budgets at all levels (approximately UAH 1.5 billion during the period of full-scale war).

“For us, being recognized as one of the best taxpayers is confirmation of our responsible approach to business. Avesterra Group will continue to operate transparently, supporting Ukraine’s food security,” emphasized the company’s CEO, Svitlana Sobipan.

According to the head of the relevant committee of the Verkhovna Rada, Danylo Getmantsev, the company entered the ranking of leaders in terms of taxes paid among meat producers.

According to him, the list of the largest taxpayers in the industry in 2025 also includes Globinsky Meat Processing Plant LLC, Meat Master LLC, Koziatinsky Meat Processing Plant LLC, Agro-Ros LLC, Zhytomyr Meat Processing Plant LLC, Meat-IF LLC, Stovpynski Sausages LLC, and Dmitruk-Foods LLC. In addition to large enterprises, high tax efficiency was demonstrated by Poliana M Farm, Galmyaso Private Enterprise, and a number of individual entrepreneurs.

As reported, Avesterra Group intends to increase its poultry population by 2.5 times to 10 million birds (currently 4.1 million birds). To provide feed for the new capacity, it is planned to modernize the existing feed mill or build a new one, as well as expand the land bank from 3,000 hectares to 25,000 hectares. The development strategy also provides for the creation of its own incubation facility and the formation of a parent flock to complete the full production cycle.

The Avesterra Group was established in January 2025. It includes the Volodymyr-Volynskyi Poultry Farm and the Lutsk Agricultural Company. In June 2025, Avesterra launched a new 30,000 sq m processing plant in Volyn, with investments amounting to EUR 60 million.

Avesterra Group owns infrastructure consisting of 100 poultry houses, a slaughterhouse, and seven branches in the largest cities of Ukraine. The company’s financial statements are audited annually by an international auditor. The business is owned in equal shares by the Dobkin family.

Volodymyr-Volynskyi Poultry Farm accounts for about 5% of the Ukrainian chicken market. It has seven branches: Kharkiv, Kyiv, Odesa, Dnipro, Vinnytsia, Lviv, and Volodymyr. The factory’s infrastructure consists of 100 poultry houses, a slaughterhouse, and a feed mill. The company also has its own land fund of 3,000 hectares, where it grows grains and legumes for the production of feed, as well as industrial crops. The factory employs over 1,500 people.

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World leader in furniture manufacturing and rental begins production in western Ukraine

Home Essentials, a world leader in production and rental of furniture and interior items, is launching production of furniture and mattresses in Kremenets (Ternopil region), head of the Ternopil Region Investment Office Vladimir Vasilevsky told Interfax-Ukraine.
According to him, all registration activities have already been completed and a site has been chosen for the production location.
“Kremenets community received a powerful American investor – LLC “Home Essentials Ukraine”. The project enters the stage of implementation and begins to live its own life – hiring employees, importing production equipment and forming a circle of suppliers,” he said.
According to Vasilevskyy, already in the second quarter of 2023 the shipment of products will begin. In the first phase of the project creates 50-60 jobs, by the end of 2023, 300 jobs will be created.
“The investor is transferring part of the back office operational processes from the headquarters in Hong Kong to Ukraine and managers and creatives – logisticians, marketers, etc. – will be employed here,” he added.
Mr. Vasilevsky estimates that, by analogy with similar factories in Ukraine, the production in Kremenets will give a turnover of about $12-15 million, “in the first months of work it is possible to export products at $ 0.5-1 million per month,” – he said.
We are planning to start exporting to Spain, Portugal, Italy and France, and in the second quarter of 2023 to most of the EU countries.
For the production start, on equipment and circulating assets, in the first half of 2023 will be about $ 1 million of investments, in the 2-3rd quarter – up to $ 5 million.
Oksana Donska, a board member of the Ukrainian Association of Furniture Manufacturers (UAM) and coordinator of furniture cluster development, said in a comment for Interfax-Ukraine that this investor is an example of active interest of foreign companies to our market and interest of local authorities.
“I met a representative of Home Essentials at an international exhibition, where UAM represented the products of Ukrainian furniture makers. It was a happy accident for him. Next we met at the buzzer. I gave him an analysis of the domestic market, data on the specifics of exports, told him about the geographical location of production in Ukraine. In four months, the Ternopil Region Investment Office team was able to secure the entry of the American investor,” Donska said.
Home Essentials is a world leader in manufacturing and renting out furniture and interior furnishings. The head office (headquarters) is in Hong Kong. The European office is in Madrid. The company operates in more than 26 countries.

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DUTCH COMPANY OPENS PLANT IN UKRAINE FOR MANUFACTURING FEED ADDITIVES FOR ANIMALS IN LVIV REGION

The Koudijs Group of Companies (Koudijs, the Netherlands, a subsidiary of the Dutch Royal De Heus) has launched a plant for manufacturing mineral and vitamin supplements for agricultural animals in the village of Khylchytsi (Lviv region) with an estimated production capacity of 1,500 tonnes of finished products per month, investments in the project amounted to EUR 7.8 million, according to a posting of the website of the Ministry of Agricultural Policy and Food.
“The new plant is eight floors of new specialized equipment from the world’s leading companies, automated control systems, an automatic packaging line and robotic technology,” the ministry said.
According to the ministry, the new plant in Ukraine is part of the Koudijs group of companies – an international producer of animal feed, concentrates and premixes, which has more than 90 plants in 60 countries of the world.
The Ukrainian branch of Koudijs Ukraine LLC, in 2020, increased its net profit 1.4 times compared to 2019, to UAH 38.46 million, revenue 1.6 times, to UAH 593 million.
According to the unified public register of legal entities and sole proprietors, the ultimate beneficiaries of Koudijs Ukraine LLC are Hendrik Anthony de Hois (the Netherlands, owns 51% in the charter capital of the company) and Fedir Shopsky (49%).
The company’s website states that the plant’s capacity at the level of 1,500 tonnes of finished products is able to fully meet the needs of Ukrainian livestock and poultry farms. The enterprise will produce mineral and vitamin supplements for the domestic market, but they also could be exported in the future.
“In order for the economy in the state to develop, the authorities must create the necessary conditions for this. Today, we are building roads, improving infrastructure, building schools and sports grounds and opening new powerful enterprises. For example, yesterday, the first innovative seed-breeding center in Western Ukraine was launched in the region, and today we are opening a modern plant for the production of feed,” the Ministry of Agrarian Policy said, citing Head of the Lviv Regional State Administration Maksym Kozytsky.

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VEHICLE MANUFACTURING IN UKRAINE DOWN IN JAN-FEB

Ukrainian automobile manufacturers in January-February 2020 produced 1,077 vehicles, which is 10.8% less than a year ago, the Ukrautoprom association has reported.
According to preliminary data from the association, passenger car production was 12.5% less than a year ago, reaching 933 cars. (all made at Eurocar), 2% more buses were made- 134 units, and commercial vehicles (excluding AvtoKrAZ, which statistics are not provided) at the level of the previous year – 10 units (all were manufactured at Cherkasy Bus Plant).
Most of the buses are still produced by Cherkasy Bus Plant – 60 units were produced in January-February (10 units less than in two months of 2019), Chernihiv Automobile Plant of Etalon Corporation made 30 units compared with 35 a year ago.
Chasiv Yar Buses plant (Donetsk region) significantly accelerated the pace of production of Ruta buses: to 25 units compared to six in January-February-2019; Bogdan Corporation produced two buses less – 10 units, and Ukravto Corporation made 9 buses (one less).
The acceleration in the decline in vehicle production in the first two months was due to the February result – only 225 vehicles were manufactured in the past month, which is 28% less than in February last year and 73.7% less than in January 2020.
Only one plant is still reporting on the production of passenger cars – Eurocar, where 146 cars were assembled last month (39% less than in February 2019 and 81.5% less than in January 2020).
Only two commercial vehicles were produced in February at the Cherkasy Bus Plant compared with five units a year earlier.
The February manufacturing of buses increased by 6 units, to 77 buses, including 30 units made by Cherkasy Bus, 20 units produced at the Chernihiv Automobile Plant, 12 buses made at Chasiv Yar Buses. Bogdan Corporation reported on 10 buses made, and five were produced at ZAZ.

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