Umgi, the investment company, has released a summary of its results for 2023. Last year, the umgi team remained committed to its strategy of expanding into European markets, by investing heavily in asset growth. Over the past two years, umgi has allocated nearly $22 million to the expansion of its businesses.

In 2023, VESCO Group fulfilled all customer orders for the supply of ceramic raw materials and launched its production in Spain. The largest consumers of ceramic raw materials were Italian tile manufacturers, accounting for 38% of total sales. At the end of the year, the Group recorded $75.2 million in gross revenue.

VESCO, one of the global leaders in the production and supply of ceramic raw materials, has commenced extraction from a clay quarry at Encarnita deposit located in the Berge municipality, Teruel province, Spain.

We are pleased to introduce you to new UMG Investments’ new company branding. The investment company has changed its name to umgi and updated its corporate design.

One year into war, SCM’s businesses, the Rinat Akhmetov Foundation, and Shakhtar Football Club have donated UAH 5 billion ($150 million) to help the nation.

Over 12 months of 2022, SCM companies in Ukraine as well as its associates and joint ventures paid UAH 73.2 billion in taxes and levies, including UAH 62 billion to the national budget.

The first ship with 17 thousand tons of Ukrainian (VESCO) clay arrived at the port of Castellon on August 15

Busk, Lviv region, presented Feednova plant—the largest and most modern feed additives producer.

While the year of the pandemic and quarantines has significantly affected business processes worldwide, our strategic plans remain unchanged.

UMG Investments has signed a Memorandum with the UAE State Investment Сompany Mubadala. In accordance with the signed Memorandum, the parties confirmed the availability of opportunities for cooperation in the selection, analysis, structuring and implementation of mutually beneficial investment projects in Ukraine and abroad.