An international investment forum - “Elisavetgrad Investment Day”

Nov 14, 2011

An international investment forum – “Elisavetgrad Investment Day” – was held in Kirovograd 10-11 November 2011; one of its general partners was the “Velta” Company which is commissioning its mining and beneficiation plant for producing ilmenite in the Novomirgorod district, Kirovograd region. Serhiy Tihipko, vice-primeminister of social development, took part in the Forum, as well as Leonid Kozachenko – chief of the entrepreneurs’ Council at the Cabinet of Ministers of Ukraine, President of the Ukrainian Agrarian Confederation, regional management, as well as 5 official foreign delegations. In all, the Elisavetgrad Forum was attended by more than 300 delegates from different countries.

Within the framework of the demonstration of the Kirovograd region attractiveness for investments and of its potential, the director of the “Velta” Company Yuri Pinchuk presented the project of the titanium ore mining and beneficiation plant.

The head of the Kirovograd regional state administration Serhiy Laryn stressed that the “Velta” project is a vivid example of the constructive cooperation between the regional administrative bodies and the business which not only resulted in the realization of one of the major large-scale investment projects of the region, but became socially efficient for the region.

The first vice-governor Andriy Nikolayenko after the presentation of the Company’s project also noted the impressive construction rate and scale of the mining and beneficiation plant. It should be noted that the facility construction was started at the beginning of 2011, and its commissioning is scheduled for December of the same year.

Yuri Pinchuk in his turn noted that the success of the “Velta” Company and of its projects, among other reasons, is based on the positive business environment and efficient management established at the Company that is headed by its general director Andriy Brods’kiy.