New Energy Saving Technologies (NEST) brings innovative practices to Ukraine’s seed-oil industry. Founded in 2008, the company is involved in the full range of activities in the seed-oil sector, from cultivation to production and processing.
CEO Dotsenko Vasily Anotolievich explains, “For the past four years, NEST has been growing steadily every year thanks to our dynamic young management team and our positive mindset towards challenges. We try to eliminate corruption and excessive bureaucracy, implement fast decision-making processes, and grasp opportunities when they arise.” He adds that NEST exports around 70% to 80% of its production and aims to boost its exports significantly, in particular to Turkey, the Middle East and China.
Looking for partners for cutting-edge new plant
NEST has over 200 employees in its plant, offices and grain elevators. The company continues to make major investments in new facilities and technologies, and last year it completed an upgrade of its oil plant in the Mykolaiv region in order to boost efficiency. NEST has grain elevators in Donetsk and Lugansk as well as logistics facilities in other locations.
In the second phase of its current development plan, NEST aims to build a new oil-extraction plant in eastern or central Ukraine. Dotsenko Vasily says, “We want to raise around €15.2 million in investments for this project, either from a private partner or from a European Investment Fund. We are working very closely with Ernst & Young, which has put together a business plan for us and is actively involved in the process of identifying potential investors for our second processing plant.”
NEST’s future goals include launching an IPO and listing on the Warsaw Stock Exchange. Dotsenko Vasily says, “We want to diversify our production, introduce new energy-saving machinery, and improve our technical processes. We hope to increase our capacity to 200,000 tonnes of oil per year over the coming two years and to expand into other sectors, including the grain sector.”
The company has positioned itself as the ideal local partner for investors looking to enter the Ukraine market. As Dotsenko Vasily points out, “NEST is a developing enterprise with great prospects, and we have extensive experience in our field and justifiably high ambitions. Ukraine’s seed-oil sector has only reached around half of its potential and there is much room for growth. Look at an investment in NEST as step number one into a great future. Do not be afraid to invest in Ukraine.”
New Energy Saving Technologies (NEST)
3 Ul’rikha
Donetsk
