NEQSOL Holding, the new owner of the “United Mining and Chemical Company” (OGHK), has announced its intention to invest over 400 million UAH in enhancing production efficiency and deepening the processing of titanium raw materials. These investments are stipulated in the acquisition terms of the enterprise and are aimed at strengthening the company’s position in both the Ukrainian and international markets.
This is reported by Finway
New Development Strategy and Investments
According to the director of NEQSOL Holding Ukraine, Volodymyr Lavrenchuk, the company aims not only to develop the existing capacities of OGHK but also to actively expand its resource base both in Ukraine and abroad. To this end, NEQSOL Holding has already signed an agreement with the international consulting company Micon International, which will assist in conducting a resource base study and identifying strategic directions for future investments.
“Our goal is not only to develop what we have but also to increase our resource base both in Ukraine and abroad. We have signed an agreement for a resource base study with the international company Micon International. The management’s task will be to prepare a strategic vision for investments,” he said.
Focus on Processing and Export to the EU and USA
NEQSOL Holding’s investment program includes the modernization of production processes with an emphasis on deep processing of products. This will enable the production of high value-added products, contributing to increased profits for Ukrainian enterprises. The main markets for sales remain the countries of the European Union and the United States of America, where the demand for titanium and its derivatives is consistently high.
It is worth noting that NEQSOL Holding completed the acquisition of OGHK in 2024, paying over 3.93 billion UAH for the assets. This has become one of the largest investment projects in the mining and chemical industry of Ukraine in recent years.