Business news from Ukraine

KYIV’S BUSINESSMAN BUYS MIZUN MINERAL WATER PLANT

Kyiv’s businessman Dmytro Nikiforov has built up 100% of corporate rights in a group of companies owning the Mizun mineral water plant (Ivano-Frankivsk region), producing water under the VODA UA trademark. According to the information on the website of InVenture, the group of companies includes Mizun LLC, Astreya LLC and Karpaty Mineral Waters LLC. Mizun deposit of table and medicinal waters is the largest in Ukraine with a confirmed debit of 1 million liters per day. The plant produces 19 SKU of natural table water under three trademarks (VODA UA, Horianka, Karpatska Vysokohirna), as well as mineral medicinal water. The total capacity allows bottling 150,000 liters per shift.
According to InVenture, the new owner of the plant seeks to invest $2.4 million in the modernization and expansion of production, and in the two-year term – to enter the top 10 Ukrainian bottled water producers.
“According to experts, the purchase of the plant could cost the businessman $1.5-2 million. The flagship brand of the VODA UA group was created about three years ago and demonstrates strong growth, primarily in the HoReCa segment,” InVenture said.
According to the public register of Legal Entities and individual entrepreneurs, Nikiforov also co-owns several enterprises registered in Kyiv and is engaged in trade, consulting services, and other services.

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T.B.FRUIT BEGINS CONSTRUCTION OF PLANT FOR PROCESSING FRUITS IN POLAND

T.B.Fruit, one of the largest processors of fruits and berries in Ukraine, has begun the construction of the eighth plant of the group for processing fruits and berries in Brzostowiec (Poland), investment in which will amount to EUR45 million, founder of T.B.Fruit Taras Barschovsky has said. “The capacity for apple processing will be 300,000 tonnes, strawberries 10,000 tonnes, cherries 6,000 tonnes, raspberries 12,000 tonnes, currants some 7,000 tonnes per year. Production start is scheduled for July 2020,” he told the Interfax-Ukraine agency.
According to Barschovsky, investments in the plant are estimated at EUR45 million.
T.B.Fruit is a vertically integrated international group of companies with a closed production cycle (growing raw materials, processing, transportation).
The group of companies was established in July 2011 after the consolidation of all the assets of businessman Taras Barschovsky.

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ENERGOATOM ANNOUNCES TENDER TO BUILD SOLAR PLANT NEAR NUCLEAR POWER PLANT

Energoatom has announced a tender for the supply of equipment and materials for the solar power plant Sonechko-1, which is to be built in the territory of Zaporizhia nuclear power plant (NPP).
According to the ProZorro system, the corresponding auction is scheduled for June 24. The expected cost of work is UAH 270.52 million.
Energoatom proposes to supply 48,900 single-crystal or polycrystalline Risen photovoltaic modules with a capacity of 310–320 W, some 360 network inverters, 13 complete substations of 0.4/6 kV and one substation of 35/6kV, as well as 119,300 meters of copper cable.
Energoatom announced the intention to build a solar plant with a capacity of about 15 MW at Zaporizhia NPP in 2017. Since then, there have been preparatory work: design, geodetic studies. It was assumed that the solar station will be located on 37 hectares, in the territory of hydraulic structures between the cooling pond and the Kaniv water reservoir.

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UFUTURE OPENES AT BILA TSERKVA INDUSTRIAL PARK MODERN PLANT

UFuture Investment Group has opened Plank Electrotechnic, Ukraine’s first plant to produce modern electrotechnical systems. The building of the enterprise meets international BREEAM sustainability standards (compliance with about 50 criteria for environmental construction). Plank Electrotechnic products are now undergoing EU certification procedures.
“We have invested $2.8 million in the enterprise and expect to return the investment within five years. The Ukrainian market is a priority, but the company plans to expand the outreach to Eastern European consumers. I believe that the development of modern technological industries is a very promising area, both from business and social points of view – it is not only profit, but also taxes and jobs,” Vasyl Khmelnytsky, the founder of UFuture, has said.
Plank Electrotechnic will produce about 4.6 million units annually and will compete mainly with Chinese and Turkish manufacturers on the Ukrainian market. This high-tech enterprise will produce electrical fittings, accessories and components: sockets, switches, mounting boxes, cable ties, buttons, etc.
“Opening a new plant marks the beginning of the development of Plank innovative production cluster at Bila Tserkva Industrial Park which will make goods from high-tech materials in the field of electrical engineering, construction and mechanical engineering. We offer entrepreneurs who plan to work in these areas to quickly scale their businesses without unnecessary administrative and bureaucratic obstacles,” Chief Executive Officer of Bila Tserkva Industrial Park Volodymyr Khmurych has said.
The construction of three new plants at Bila Tserkva Industrial Park will start within the year, and 20 modern enterprises will be created in the next four years.
ADDITIONAL INFORMATION
UFuture is a Ukrainian private equity firm and group of companies, based in Kyiv. UFuture consolidates UDP, which is a real estate development company specialized in large infrastructure projects, the country’s second biggest Kyiv Sikorsky international airport, national Ukrainian outdoor advertising operator RTM, and Bila Tserkva industrial park. The group develops new and innovative businesses such as renewable energy generator UDP Renewables, pharmaceutical producer Biopharma, and innovation parks UNIT.City and LvivTech.City. UFuture supports and coordinates numerous impact and sustainability projects related to education and economics, some of which are annual Kyiv International Economic Forum, Small and Medium Entrepreneurship School, cutting-edge IT coding school UNIT Factory and Lean Institute Ukraine.
Bila Tserkva Industrial Park is a large-scale investment project aimed at facilitating establishment of modern manufacturing in Ukraine. It is a one-window platform that allows producers to access all necessary assets, utilities and services and focus on the development of their businesses. The park offers industrial land and property with all engineering infrastructure for rent or purchase, turn-key solutions and a possibility of co-investment in manufacturing. Local market insight and substantial experience in real estate development allows the park’s team to provide clients with additional consulting services on setting up an efficient production.

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PERSEY ENERGO TO BUILD BIOGAS PLANT IN UKRAINE

Persey Energo LLC intends to build a biogas plant with an electrical capacity of 12 MW at Persey Agro farm (Ivano-Frankivsk region).
This is evidenced by the report about the planned activities in the unified register of environmental impact assessment, posted on the website of the Ministry of Ecology and Natural Resources.
It is planned that the plant will recycle organic waste from agriculture and animal breeding. It is assumed that the plant will generate 12 million kWh of electricity and 7.288 million kWh of heat per year.
According to the state register of legal entities, at the end of March the founders of Persey Energo LLC, registered in 2018, were five individuals and Alliance-Invest IF LLC. Persey Agro belongs to Volodymyr Slobodian.

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EUROCAR PLANT SEES 2.6-FOLD RISE IN NET PROFIT

Eurocar (Solomonove, Zakarpattia region), manufacturing Skoda passenger cars, part of Atoll Holding Group, tentatively saw UAH 182 million in net profit in 2018, which is 2.6 times more than in 2017.
According to the information attached to the agenda of the general meeting of shareholders scheduled for April 25, its uncovered loss as of early 2019 totaled UAH 1.11 billion (UAH 734.24 million in 2017).
According to the draft decision of the shareholders, it is planned to send net profit for 2018 to cover losses of the previous years.
In 2018, Eurocar saw a 7.3% rise in current liabilities, to UAH 372.93 million, while noncurrent liabilities slightly grew to UAH 1.625 billion.
Total receivables as of January 1, 2019 accounted for UAH 426.61 million, falling by 22.4%, and its assets grew by 50.2%, to UAH 2.303 billion.
Net worth as of early 2019 was UAH 304.42 million, while a year ago it was negative – UAH 429.438 million. The charter capital did not change, being UAH 234.48 million.
Eurocar has been manufacturing passenger cars since December 2001.

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