05.09.2023 09:43

Viktor Ivanchyk told Forbes Ukraine what Astarta will look like in five years

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05.09.2023 09:43

Viktor Ivanchyk, CEO of Astarta, told Forbes Ukraine how the company’s first half of 2023 ended and what it will look like in five years.

– We hope that with our activities, and most importantly, with our taxes, we will support the budget and the people of Ukraine. Last year, we increased the amount of taxes we paid, and we increased this figure significantly in the first half of the year.

– We see that we need to align with the global trend. We need to digitalise and automate all processes using artificial intelligence technology. It is crucial, and we are making progress. We are confident that we will have a complete system of managing our operations using artificial intelligence in a year or two.

– Of this year’s harvest, we can export a third or even more sugar. We need about 1 million tonnes of sugar in Ukraine, and the forecast for this year’s production is 1.6-1.7 million tonnes. Therefore, we must use this potential and gain a market foothold. For the near future, this is a significant factor in our accession to the European Union.

– As a company, based on the goals and values of sustainable development, we have a mission to set an example of honest and responsible work, ethical business conduct and the result of partnerships within Ukraine and with international partners. It is our philosophy.

– All citizens should be aware that reducing carbon emissions is vital not only for us but, above all, for future generations. It is the most important thing we can do for them. To prepare a comfortable life for them, like we had in childhood.

– In 2011, we were much smaller, but the company’s capitalisation was rising to $900 million. That was the peak of the company’s capitalisation. We can reach those figures as soon as the situation in Ukraine stabilises. In five years, we will be much more powerful and have better financial performance.

IC UAC according to Astarta

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