UGF I

The first Ukrainian Growth Fund is a $20 million fund and began making investments in 1996 during the privatization process in Ukraine. The fund made a total of 68 investments in a variety of industries, including Electrical Utilities, Food & Beverage, Industrial Equipment, Metals and other. The fund is now closed, harvesting its remaining investments, and distributing funds to investors.

Enterprise Name

Industry sector

Short Overview

Rosava Tires

Automotive

Rosava is one of the leading tire producers. Its products are internationally recognized and received multiple prizes for quality and the best brand at international shows. The company is a monopolist in production of car tires for both domestic and imported cars.

High costs of raw materials and energy and the necessity to keep the prices for tires at the levels of similar producers led to growing production costs, decreasing production volumes, and losses in 1999. Trying to change the situation, Rosava has widened its product range, carried out a modernization of manufacture, and made an agreement about raw materials supplies from Russia.

Perekop Bromine

Chemical

Krasnoperekopsk Bromine produces bromine, its inorganic salts, organic bromine compounds, oxides, and magnesium carbonates of various modifications. A virtually inexhaustible source of raw materials for the plant is brine (concentrated sea water) from the Sivash bay. The company is part of the Sivash free economic zone and benefits from preferential tax regime.

Slavyansk High Voltage Insulators

Electrical Components & Eq.

The Slovyansk High-Voltage Insulators is the leading Ukrainian producer of electrical porcelain. The plant manufactures porcelain insulators used for compensation in energy and electrotechnical machines in the energy sector and machine building.

The key products of the company are high-voltage and low-voltage insulators of electrical porcelain for voltage from 0.5 kV to 1,500 kV, and high-voltage and low-voltage tubes for current-carrying parts in various plants and devices.

Poltava Confectionery

Food & Beverage

Poltava Confectionery is one of the most successful confectionery producers in Ukraine. Poltava Confectionery produces over 200 types of candy and sweets. Its products include chocolate, baked goods, caramel, marshmallows, marmalade, toffee, and diabetic goods. The company's products are popular both in Ukraine and abroad, so its production facilities are used near their full capacities.

Melitopol Compressor Plant

Industrial Equipment

The Melitopol Compressor Plant was registered on March 22, 1995. Its key activity is production of compressor machinery.

Today, the plant manufactures the following compressor equipment: reciprocating, gear, and diaphragm-type compressors, compression plants, rotary gas pumps, vacuum pumps and units, and various spare parts.

Ordzhonikidze GOK

Natural Resources

Orgzhonikidze Ore Mining and Processing Plant (GZK) performs open-cut mining of the western part of Nikopol manganese ore deposit. Orgzhonikidze GZK is the largest Ukrainian producer of manganese ore and one of the world leaders in producing and processing manganese ore.

The plant primarily specializes in mining and production of manganese concentrate and agglomerate for ferroalloy plants.

Lnoteks

Textiles

Lyonotex was founded in 1961 as a state enterprise, the Zhytomyr Flax Combine. In mid-1990s, Lyonotex was a monopoly on the Ukrainian flax textiles market. The company is also the only producer of duck fabric in Ukraine. The structure of the company included two factories producing industrial and household textiles.

From 1997 to 2003, the company faced a deep financial crisis caused by a lack of working capital. In early 2004, the company recommenced its activities. After technical reequipment, the first production line was put into operation.

Enterprise Name	Industry sector	Short Overview
Rosava Tires	Automotive	Rosava is one of the leading tire producers. Its products are internationally recognized and received multiple prizes for quality and the best brand at international shows. The company is a monopolist in production of car tires for both domestic and imported cars. High costs of raw materials and energy and the necessity to keep the prices for tires at the levels of similar producers led to growing production costs, decreasing production volumes, and losses in 1999. Trying to change the situation, Rosava has widened its product range, carried out a modernization of manufacture, and made an agreement about raw materials supplies from Russia.
Perekop Bromine	Chemical	Krasnoperekopsk Bromine produces bromine, its inorganic salts, organic bromine compounds, oxides, and magnesium carbonates of various modifications. A virtually inexhaustible source of raw materials for the plant is brine (concentrated sea water) from the Sivash bay. The company is part of the Sivash free economic zone and benefits from preferential tax regime.
Slavyansk High Voltage Insulators	Electrical Components & Eq.	The Slovyansk High-Voltage Insulators is the leading Ukrainian producer of electrical porcelain. The plant manufactures porcelain insulators used for compensation in energy and electrotechnical machines in the energy sector and machine building. The key products of the company are high-voltage and low-voltage insulators of electrical porcelain for voltage from 0.5 kV to 1,500 kV, and high-voltage and low-voltage tubes for current-carrying parts in various plants and devices.
Poltava Confectionery	Food & Beverage	Poltava Confectionery is one of the most successful confectionery producers in Ukraine. Poltava Confectionery produces over 200 types of candy and sweets. Its products include chocolate, baked goods, caramel, marshmallows, marmalade, toffee, and diabetic goods. The company's products are popular both in Ukraine and abroad, so its production facilities are used near their full capacities.
Melitopol Compressor Plant	Industrial Equipment	The Melitopol Compressor Plant was registered on March 22, 1995. Its key activity is production of compressor machinery. Today, the plant manufactures the following compressor equipment: reciprocating, gear, and diaphragm-type compressors, compression plants, rotary gas pumps, vacuum pumps and units, and various spare parts.
Ordzhonikidze GOK	Natural Resources	Orgzhonikidze Ore Mining and Processing Plant (GZK) performs open-cut mining of the western part of Nikopol manganese ore deposit. Orgzhonikidze GZK is the largest Ukrainian producer of manganese ore and one of the world leaders in producing and processing manganese ore. The plant primarily specializes in mining and production of manganese concentrate and agglomerate for ferroalloy plants.
Lnoteks	Textiles	Lyonotex was founded in 1961 as a state enterprise, the Zhytomyr Flax Combine. In mid-1990s, Lyonotex was a monopoly on the Ukrainian flax textiles market. The company is also the only producer of duck fabric in Ukraine. The structure of the company included two factories producing industrial and household textiles. From 1997 to 2003, the company faced a deep financial crisis caused by a lack of working capital. In early 2004, the company recommenced its activities. After technical reequipment, the first production line was put into operation.