Bulgarian Company Lands Biggest Investment in Ukraine

Bulgarian minerals producer Kaolin has made a USD 15 M investment to build a quartz enrichment plant in the Ukraine.

This is estimated to be Bulgaria's largest investment to date in the Ukraine.

Kaolin had acquired 51% of the Papernyanskiy Karyer Stekolnyh Peskov (PKSP) quartz sand extraction facilities nearby Oleshnya some 200 km away from capital Kyiv.

Tuesday it officially opened a new enrichment plant for the extraction sites in the presence of the regional governor and the ambassadors of Bulgaria and Ukraine to each other.

The new facility has been operating since the start of 2010, generating 1/5 of the company's output of quartz sand and employing 150 persons. Its product is pruchased by class producers from Ukraine, Moldova and southern Russia.

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