Ukrainian construction materials company Kerameya Ltd. has been sanctioned a USD 10 mln loan from the European Bank for Reconstruction and Development (EBRD). Existing investors – Emerging Europe Growth Fund, Western NIS Enterprise Fund and the Entrepreneurial Development Bank of the Netherlands (FMO) – jointly own the company along with its core management team. The funding will be used to double its production capacity to 70 million clinker bricks per year, as well as to expand its product offerings and export operations.
Headed by CEO Ivan Telyuschenko, Kerameya Ltd. was founded in 2007 and currently produces more than 30 million bricks per year. In July 2011, Kerameya launched its line of ceramic clay pavers, making it the first Ukrainian company to produce this type of paver. Production capacity for this product is currently 10 million units per year.