Ukraine plans to privatise state chemical producers
Government aims to develop struggling industry by attracting foreign investment
The government of Ukraine intends to boost domestic chemical production by privatising some leading local producers. The plan includes selling some state-run firms to foreign enterprises in an effort to attract external investment.
Amid Ukraine’s ongoing economic recovery after the financial crisis, demand for chemical products has significantly increased. However, domestic producers can only meet around 30% of local needs, mainly owing to limited product ranges and the lack of funds for expansion.