“Ukrolia” Plant Receives €16 mln Financings from the EBRD

Tuesday, August 17, 2021
“Ukrolia” Plant Receives €16 mln Financings from the EBRD

"Ukroliya" and "Ukroliyaproduct" LLC, merging into the "Ukroliya Group" received investments from the European Bank for Reconstruction and Development

The main goal of the project is to support the company's growth plans and its strategy of further expansion in the more profitable sub-segments of premium sunflower oil, as well as value-added sunflower oil.

The project consists of financing Ukroliya Group's capital expenditures and working capital needs, as well as restructuring its balance sheet.

Moreover, residents of Poltava region will have the opportunity to study in an accredited internal training center created at the initiative of Ukroliya Group and local educational partners.

It is noted that the financing of the Ukrainian producer of sunflower oil was approved on August 10.

The project will support the modernization of the company's production facilities, as well as increase the production of organic vegetable oil and procurement of organic oilseeds.

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