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At Bila Tserkva Industrial Park has opened Plank Electrotechnic, Ukraine’s first plant of modern electrotechnical system

Apr 17 2019 Published by under Uncategorized

$2.8 million has been invested in the new enterprise; it will boost the development of a production cluster of 20 plants.

Bila Tserkva, April 11, 2019. – 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.

 

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Bila Tserkva Industrial Park Attracted a New Resident

Mar 06 2019 Published by under Uncategorized

LLC VOLYTSIA-AGRO will build a modern grain storage and processing complex within the industrial park. Investment in the construction could amount to $12 million.

Bila Tserkva, March 6, 2019. – LLC VOLYTSIA-AGRO has acquired a 4ha land plot in Bila Tserkva industrial park, which is a part of UFuture, and will soon start constructing a modern logistics complex for storage and processing of grain, with an indicative investment of $12 million. To maintain the new facility LLC VOLYTSIA-AGRO will create about 100 new jobs.

The first operational phase of the complex is expected to begin in 2020. Its infrastructure will include an elevator with total storage capacity of 40,000 tons and loading capacity of up to 3,000 tons per day. The elevator will be equipped with a modern laboratory, silages for wet and dry grain, and grain dryers. The complex will be able to receive and deliver grain by both road and rail transport. LLC VOLYTSIA-AGRO also plans to export its products straight from the industrial park.

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We are aware of the fact that foreign investors are not particularly eager to enter Ukraine these days because of existing risks. However, there are local entrepreneurs willing to produce in Ukraine, and not only for the domestic market but foreign markets as well. Therefore, we have established a platform with all the necessary resources for such enterprises. Our goal is to support the full cycle of production within Ukraine. This can bring new jobs and lead to economic development of the region and our country as a whole,» emphasized the founder of UFuture Vasyl Khmelnytsky.

LLC VOLYTSIA-AGRO is already the second resident of the industrial park. A newly built plant Plank Electrotechnic, the first in Ukraine to produce modern electrical systems, will be launched next month. The management of the industrial park is currently carrying out the allocation of a land plot for the construction of a third plant and is negotiating with several other potential residents.

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This framework has proved to be efficient. Our services are in demand. It is really convenient. Investors can just come and get a land plot immediately, along with all the necessary engineering communications. We provide comprehensive support that allows to avoid needless bureaucracy and save time,» said Volodymyr Khmurich, Director of Bila Tserkva industrial park.

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We have opted for an advantageous location, convenient logistics, and skilled workforce, which are the main boons of Bila Tserkva industrial park. Having an airfield, two railway stations, and an international highway at its disposal, this place gives access to the the country’s main markets and markets abroad,» elaborated on the decision to base in the industrial park Volodymyr Pokrovsky, Director of LLC VOLYTSIA-AGRO.

At present, grain storage and grain transfer are among the most lucrative investment opportunities in Ukraine, as the grain harvest has been increasing year by year. 2018 was record-breaking: the country has collected over 70 million tons. Acknowledging that there is an urgent need for new grain storage and processing facilities, on January 30, 2019, the government approved a state program compensation of 30% of their construction cost.

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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