The new investment is associated with the launch of the company’s new product, JTI Ukraine announced.
“New investments are an important step for any business, even in peacetime. We are unwavering in our belief in the future of Ukraine, so we are investing in its economy now, during the war,” said Svitlana Sharamok, CEO of JTI Ukraine.
The company has been operating in the Ukrainian market for 25 years and has already invested more than USD 400 million in the economy. In addition, JTI Ukraine is one of the largest taxpayers to the country’s budget. In 2023, the company paid UAH 24.7 billion (USD 602.5 millon) and entered the top 5 taxpayers among all Ukrainian companies. “We understand that Ukraine needs additional investments now more than ever. And supporting the country’s economy in difficult times is one of the most important tasks of business,” said Sharamok.
According to Sharamok, since the beginning of the full-scale war, the company has focused on the safety and well-being of its employees and their families, allocating significant funds for this. “But now is the time to invest also in business, strengthen our position and continue to contribute to the future of our country,” she said.
JTI Ukraine has been operating in Ukraine since 1999 and employs more than 800 people in the central office in Kyiv, regional offices and at the factory in Kremenchuk. Before the start of the war, Ukraine produced products for both Ukrainian and 22 foreign markets.
