Ukraine: Malteurop Ukraine commissioned a EUR 24 mln facility at its plant in Kharkov

On September 27 Malteurop Ukraine commissioned new facility at its malt plant in Kharkov, wherein it was said to have invested EUR 24 million euros, AgriMarket.Info cited a report of Kharkov Regional State Administration's press-service.

The happening was highly prized by Ukraine's president-related Deputy Head of Kharkov State Administration Yaroslav Yushchenko, who was cited to say as follows: "Opening of the malt plant is a decent retort to the sceptics, who argue whether or not it is safe to invest capital in Ukraine, and in particular - in Kharkov region. This project costs 24 million euros."

He also said that in the nearest time Malteurop was going to install at the plant new drying equipment, worth some 6 to 7 million euros, and in the further run it might build a special-purpose elevator for storage of brewing malt.

Yushchenko said that a legislative professional panel was currently at work to table into parliament amendments to the current law, aimed at maximal encouragement of investors in good standing with Ukraine's economy - those who honestly fulfil their obligations, create new jobs and increase budget deductions. One of such, according to Yushchenko, was Malteurop company.

"I am sure that the opening of Malteurop's plant, which has expanded the process of creating operational affiliates of leading transnational corporations on the Kharkov land, gives only a start to active cooperation between Kharkov Oblast and world's leading foreign corporations", Mr. Yushchenko went on in his appraisals.

According to APK-Inform data, the plant in question was first started in July 2004 and expanded in May 2005, when its second operational line was commissioned. The reconstructed plant is said to have 100,000 tonnes of annual production capacity.

The owner of the plant - company Malteurop Ukraine - assesses its share on the Ukrainian market of malt in 35 %. It represents a part of one of world's major producers of malt - Malteurop Group, operating 14 malt plants in six countries with a combined production capacity of 1.2 million tonnes per annum.

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