HD-group as part of its corporate impact investing policy has joined the Promprylad.Renovation project
Within 5 years the project is to attract over 700 million UAH of investments
HD-group joins Promprylad.Renovation investment project, informs the press-service of the Group.
Promprylad.Renovation is an innovation center on the premises of an old plant in Ivano-Frankivsk. It focuses on four areas of region development – new economy, urban design, contemporary art, and education. The Project serves as a platform for knowledge evaluation and distribution.
Over the course of 5 years, Promprylad.Renovation is to attract over $700 million in investments from private investors and organizations to launch six buildings and a park. The project will cover 38.000 m2 area and create conditions necessary for business and social initiatives focused on the development of the region.
Boris Shestopalov, co-owner of HD-group, explains why the company decided to invest in Promprylad.Renovation::
«This project is incredible as it is and, of course, it is incredible because of the people who work on it, the team. When we were deciding on investing in the project, the business plan was not of prior importance. What mattered was the team that bears the moral risk for that investment. I understand that this project has the highest level of social responsibility to investors. This is an amazing model for converting social capital into social investment. And these emotions, for me as a businessman in an industrial sphere, are not only a prime example of impact investing, but a good educational experience».
Serhii Chekalskyi, co-owner of HD-group
«Silicon Valley has come about only through profit sharing and impact investments, meaning that using the development of others, one could also develop itself. I am incredibly pleased that there are so many companies in Ukraine with a high level of awareness of their role in society and the future of their country. I sincerely wish my new co-investors and partners success», – comments Serhii Chekalskyi, co-owner of HD-group.
It should be reminded that HD-group is the group of companies in the agrifood segment with a focus on B2B clients. It comprises grain processing enterprises, bread and pastry factories, a jam and preserves plant, as well as companies providing procurement and logistics services.
HD-group comprising grain processing enterprises, bread and pastry factories, a jam and preserves plant, as well as companies providing procurement and logistics services.
It should be noted that the EBITDA growth of HD-group enterprises for the 10-months period of 2019 compared to the same period last year is 22.1% and EBITDA Margin Ratio the 10-months period of 2019 is 14.5%. Therefore, the revenue growth in 10 months of 2019 constitutes 9,7%.