Business news from Ukraine


6 March , 2019  

Volytsia-Agro LLC intends to invest $12 million in the launch of a logistic complex for grain storage and processing in Bila Tserkva industrial park (both based in Kyiv region) owned by the founder of UFuture Investment Group, entrepreneur Vasyl Khmelnytsky, according to the official Facebook page of the businessman.
“Our company acquired a land plot of 4 hectares, on which we plan to build a modern elevator. We intend to use $12 million and create 100 jobs. Agricultural products collected at the company’s enterprises will be stored at the elevator and then sent for exports,” director of Volytsia-Agro Volodymyr Pokrovsky said in an interview with the local TV Channel Krokus.
The company plans to launch the first phase of the complex in 2020. It will include an elevator with a total capacity of 40,000 tonnes of grain with a daily accepting capacity of 3,000 tonnes. The elevator will be equipped with a laboratory, grain dryers, silos for wet and dry grain. The complex will be able to receive and ship grain both by road and rail.
Khmelnytsky also said that in a month Plank Electrotechnic plant will be launched in the industrial park, the construction of which was started last year.
“A year ago we laid the first brick here. Now the plant is completed, in a month we’ll start production. The first test production of Plank plant is already on the shelves of the local Epicenter supermarket,” the founder of UFuture Investment Group said.
As reported, Plank Electrotechnic plant, which will produce electrical accessories and other electrical products, plans to produce 4.6 million units of products per year. At the first stage, it was planned to create 50 jobs, with the development of the cluster to 300.

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