Can-Pack, becomes the largest Polish investment in Ukraine

Can producer Can-Pack is currently carrying out the biggest Polish investment in Ukraine, namely the construction of production plant worth $35 million. General director of Can-Pack Ukraine Jurij Jurow, said that the firm has already completed the first production line, which would produce 650 million cans annually for the main Ukrainian beer producers, including Obołoń and Sławutycz. "Up to now, the majority of cans were imported from Poland," said Jurow. According to Can-Pack representatives, they will not lose out, as the Polish market is still growing and will make up for the drop in exports. In addition, the firm hopes to get easier access to other former Soviet Union markets. According to data for 2002, the total value of Polish investments in Ukraine amounted to $98.4 million, which constitutes about 1.8% of foreign investments in that state. (Rzeczpospolita, p. B4) M.M.