Frukty Polissia LLC plans to raise $21.9 million in investment to implement a project involving the development of a modern blueberry cultivation, cooling, sorting, storage and packaging complex in Ukraine’s Volyn region. The project was included in the Ukraine Investment Guide 2026, presented during the Ukraine Recovery Conference 2026, or URC2026, held in Gdańsk, Poland, in late June.
The project’s total cost is estimated at $24.2 million. The company is prepared to contribute $2.3 million from its own funds, while the remaining $21.9 million is expected to be raised from external investors.
The project involves establishing a 90-hectare commercial blueberry plantation and constructing a modern production complex in the village of Omelne, Lutsk district, Volyn region. The complex will include facilities for cooling, sorting, storing and packaging berries, enabling the company to increase production volumes and improve product quality for export markets.
According to the investment documentation, once the project reaches full capacity, the company’s own blueberry production is expected to total approximately 1,720 tonnes annually. In addition, the company plans to purchase and sort a further 1,580 tonnes of berries from other producers each year, expanding its sales volumes and strengthening its market position.
The project is based on modern blueberry cultivation technologies developed in the Netherlands. These technologies provide comprehensive protection for plantations against spring frosts, heavy rainfall, wind and bird damage. They are also designed to minimise the impact of power supply disruptions and labour shortages through a high level of production process automation.
The company considers European Union countries to be its primary sales market, with the United Kingdom identified as the priority export destination due to sustained demand for fresh berries.
Implementation of the investment project is expected to take approximately three years. According to the company’s estimates, the payback period will be around 7.5 years.
Frukty Polissia LLC was established in 2016 and specialises in blueberry cultivation. In 2018–2019, the company leased 94.39 hectares of land, and in 2020 it established the first 14-hectare phase of its plantation. At the same time, the company constructed an 8,000-cubic-metre water reservoir and a pumping station that provides drip irrigation across 46 hectares.
According to the company, approximately 90% of its blueberry output is exported to European Union countries, primarily to Poland through a trading intermediary. The company’s ultimate beneficial owners are Olha Volovchuk and Oleh Ordynat.
Despite the business’s export focus, the company’s financial performance deteriorated in 2025. According to publicly available financial statements, Frukty Polissia’s revenue declined 4.5-fold compared with the previous year to UAH 1.2 million. At the same time, its net loss increased by 49.3% to UAH 9.1 million.
The modern berry complex was among the investment initiatives presented to international investors during URC2026. The project is aimed at expanding the export potential of Ukraine’s agricultural sector through the development of higher-value-added production.
