We are proud to share that construction has commenced on the second Feednova agribusiness plant in the Cherkasy region of Ukraine, in which our portfolio company umgi is co-investing in partnership with Ukrainian and Dutch investors.
Following the successful launch of a similar facility in Western Ukraine, this second plant represents a total investment exceeding €20 million which will create over 80 jobs.
The plant produces high-protein feed ingredients and animal fats. These are essential components for feed to ensure that animals grow healthily and efficiently. This is fundamental to a secure and sustainable global food supply.
The plant will operate under strict GMP+ and ISCC standards, with over 80% of its high-value output destined for export to the European Union and Asia.
Taras Vysotskyi, Deputy Minister of Economy commented that the project “shows the maturity of Ukrainian business, which not only survives in difficult conditions but invests in modern production… this project is not only about business but also about responsibility to the environment and the country as a whole”.
This commitment to investment, even in the most challenging of times, is central to our shareholder Rinat Akhmetov's vision. It is about supporting Ukraine's long-term development, no matter the obstacle.
As umgi CEO Andrii Gorokhov commented “We support projects that create a new industrial culture-focused on efficiency, sustainability, and respect for resources. Such initiatives lay the foundation for Ukraine’s future economic growth, strengthen communities, and show partners that Ukrainian business thinks strategically. We are proud to be part of this story.”
