Will these two investments cause some pause for Russian terrorists operating in Eastern Ukraine? i.e. Regarding destruction as they are doing to most of industry there.
China Machinery Engineering Corporation (CMEC) has agreed to invest EUR 230 million in the construction of the largest solar power plant in Ukraine. It which will be built in the Dnipropetrovsk region by the end of 2018, Ukrinform reported. According to CMEC Chairman Zhang Chun, as a result of the deal concluded last week with the Ukrainian company DTEK, "The Nikopol solar power plant will become the largest solar power generator in Ukraine and Europe.”
Global food and beverage giant Nestlé has concluded an investment package valued at $27 million with the Kharkiv regional administration. Last week the Nestlé CEO for Ukraine and Moldova, Ansgar Bornemann, and head of the Kharkiv Oblast State Administration, Yulia Svitlychna, finalized the deal, UBJ reports. Over the next three years Nestlé will fund the modernization of its Mivina factory, where a variety of snacks and food products are produced. During the last year, it produced 34,000 tons of food products, 40% of which was exported to 17 countries around the world. By expanding its production capacity in the region, Nestlé is planning to boost sales, create jobs, and improve conditions, including pay, for its current local work force of 1,200. Nestlé, which has invested more than $312 million in its Ukrainian operations since 1994, values its current sales volume in the country at $7 billion. Apart from the Mivina factory, it operates plants in the Lviv and Volyn regions.