Afina Group LLC, co-owned by Ruslan Shostak and Valeriy Kiptyk, has announced its intention to restore and modernize Vinnytsiapobutkhim, a pivotal industrial facility acquired at auction. The decision marks a significant step in the company’s strategy to rehabilitate Ukraine’s industrial sector through private investment.
With the acquisition of Vinnytsiapobutkhim, Afina Group aims to implement advanced technologies and operational efficiencies to enhance the plant’s productivity. The move is seen as a positive development for Ukraine’s economy, as it seeks to revitalize key industrial assets that have been underperforming for years.
Shostak and Kiptyk, who are also co-owners of the EVA and Varus chains, have expressed confidence in the potential of Vinnytsiapobutkhim. Their investment is expected to create numerous job opportunities and stimulate local economic growth. The modernization efforts are anticipated to align with national initiatives focused on industrial revival and technological advancement.
Industry experts have welcomed the news, highlighting the importance of private sector involvement in overcoming challenges faced by Ukraine’s industrial infrastructure. The revitalization of Vinnytsiapobutkhim could serve as a model for similar projects across the country, contributing to long-term economic stability and growth.