An international investment forum will be held in Kirovograd with the support of the “Velta” Company

Nov 8, 2011

An international investment forum – “Elisavetgrad Investment Day” – will be held in Kirovograd 10-11 November 2011 with the support of the “Velta” Company in order to present the unique potential of the Kirovograd region, to demonstrate the most promising investment projects, to discuss the conditions and perspectives of the work of domestic and foreign companies in the region. The Forum is conceived and organized by the Kirovograd regional state administration.

The general partner and one of the presenters of the Forum “Elisavetgrad Investment Day” is the “Velta” Company which is implementing one of the biggest and most successful large-scale investment projects in the Kirovograd region – the development of the Birzulovo deposit of ilmenite and the construction of the mining and beneficiation facility for the ilmenite concentrate production.

The facility commissioning is scheduled for November – December 2011. Its annual production output in 2012 will amount 240 thousand mt. The Company wages an active social policy, and has already invested almost 1 mln UAH in the region.

The “Velta” Company general director Andriy Brods’kiy noted: “To achieve the final phase of the facility construction within a 10-month period is a real success which will allow us to start production this December. Such success became a reality due to the partnership relations established between the top management of the Company and the local administration in the Kirovograd region”.

The Forum participants will also have the opportunity to visit the exhibits related to the mining and food industries, agricultural and mechanical engineering items, to discuss the perspectives of setting up the business in the region, to evaluate its economic and resource potential, as well as to get acquainted with the topical exhibits.

Among the Forum participants there will be such companies and organizations as “Velta”, Baker Tilly Ukraine, Ernst & Young, Esan Eczacibasi Industrial Raw Materials Co. in Ukraine, Georesource, Pobuzhsky Ferronickel Combinat, financial establishments (“Alpha-Bank”, “Finances and Credit”, SEB Bank, “Savings Bank of Russia”), international institutions (Wisconsin International University, Canadian-Ukrainian Chamber of Commerce, Lower-Silesia Agency of economic cooperation, the Warsaw Securities Stock Exchange), as well as representatives of foreign embassies of India, Argentina, China, Norway, Indonesia, Poland, Azerbaidzhan, etc.).

Note: The Company “Velta” (Dniepropetrovsk) was established in 2000 with the purpose of developing the Birzulovo deposit of ilmenite in the vicinity of the Korobchino village, Novomirgorod district, Kirovograd region. Andriy Brods’kiy is the general director of the Company and the initiator of the deposit development. The planned number of personnel at the facility is 450 people.