UGF II

The second Ukrainian Growth Fund is a $20 million fund that began making investments in 1997 during the privatization process in Ukraine. The fund made a total of 40 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.

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.

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.
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.