Food producer New Products invests UAH 73mln (USD 3mln) in capacity addition

Food producer New Products invests UAH 73mln (USD 3mln) in capacity addition

The group of companies invested the funds into its production capacities in Cherkassy region

From the start of the current year, group of companies (GC) New Products invested UAH 73mln (USD 3mln) into capacity addition of its production plant in Cherkassy region, apart from marketing promotion. The company acquired new German equipment for fermentation process of drinks at the plant in a town of Zhashkiv. The total amount of investments reached UAH 127mln since 2003. GC New Products plans to increase financing of the production segments of natural drinks, keg packaging, confectionary and snacks. The experts of the company expect that snacks and sweets bought with wine and low-alcohol beverages can substitute synthetic soft and strong drinks in the market. The company is well known with it Shake and Mojo brands in Ukraine. In H1/2017, GC New Products increased exports by 15% y/y. The company make exports to 15 countries including Azerbaijan, Georgia, Italy, Germany and China.

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