In Sumy realized investment project worth $ 15 million

The leading Ukrainian company "Kerameya" has commissioned a second production line for the manufacture of ceramic bricks under the brand name "Kerameya."




The project is implemented with the financial support of the European Bank for Reconstruction and Development in Ukraine, private equity investments Emerging Europe Growth Fund (EEGF) and Western NIS Enterprise Fund, which is run by U.S. investment fund venture Horizon Capital, and Dutch bank financing of FMO. The total investment cost of the project is $ 15 million.

This was announcedDirector of the Department of Investment Policy and Regional Development Basil Derzhinvestproektu Fedyuk, Who was part of the grand opening of a second production line.

"In recent years, the Sumy region is making significant efforts to improve its attractiveness, in the last three years, the region attracted about $ 200 million, accounting for half of all foreign direct investment in the Sumy Ukraine’s independence — saidV.Fedyuk.— As a result of a joint investment program capacity of "Kerameya" will increase to 70 million units per year of construction material, "- he added.

According toCo-founder and Chief Executive OfficerHorizonCapitalNatalia Yaresko"Kerameya" is a company that plays an important role in the construction market.

"Today our Ukrainian ceramic bricks, and from now on, our ceramic tiles are a great alternative to imported products. We are interested in implementing the strategy of "Kerameya" — notedN.Yaresko.

Part in the grand opening was the chairman of the Sumy Regional State Administration YU.CHMYR, director of the European Bank for Reconstruction and Development in Ukraine Sevki Adzhuner, Deputy Counsellor for Economic Affairs of the U.S. Embassy in Ukraine Elizabeth Horst, chief investment officer of FMO FLOOR van Oppen, the head of the Sumy Regional Center for Investment and Development V. Chubur.

About Kerameya

Kerameya company established in 2007 with the support of the U.S. investment fund Horizon Venture Capital. "Kerameya" — a new brand with the familiar team, which at the time created such a powerful company as the "SBC" (Slobozhanskaya Ceramics).

"Kerameya" specializes in the production of ceramic bricks, tiles and ceramic blocks. The line "clinker II» — is a universal project of "Kerameya." Capacity of the production line is 30 million bricks a year, or 60 million units per year. The company exports products to the construction markets of Russia, Belarus, Lithuania, Kazakhstan.

HorizonCapital( Manages private equity fund and invests in medium-sized companies with high growth and profit potential in Ukraine, Belarus and Moldove.Seychas Horizon Capital manages three funds — Emerging Europe Growth FundII (EEGFII), Emerging Europe Growth Fund (EEGF) and Western NIS Enterprise Fund (WNISEF), the total capital of more than $ 600 million.

FMO( — Dutch bank, which is the largest European development bank for private sector development. FMO supports the growth of the private sector in developing countries by investing in ambitious entrepreneurs. FMO focuses on three sectors that have the greatest impact on development: financial institutions, energy and agribusiness, food and water. Their investment portfolio is $ 6.3mlrd.

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