Introduction of steal melting in basic oxygen furnace with its continuous casting; further increase of rolled products with protective coat.

Complex of Chemical and Petroleum-Chemistry Industry:

Creation of modern enterprises based on more thorough and complex processing of resources of the carbohydrate raw material and byproduct coke industry’s raw materials, resources of sulphur and and polymineral ores, installations of improved refining of crude oil; further development of plants for manufacture of modern polymer materials and products based on these materials.

Timber Industrial Complex:

Creation of enterprises for enhanced processing of timber, first of all, the enterprises of pulp and paper industry and enterprises for manufacture of wooden plates.

Agriculture

The agro-industrial complex has always been one of the most important sectors in Ukrainian economy. Ukraine, until recently, was responsible for a very large percentage of former Soviet agricultural production. Ukrainian farms produced 58 percent of all sugar beet grown in the former Soviet Union, 25 percent of meat and dairy products and 20 percent of all grains. While wheat is the primary crop, barely, corn, rye and tobacco are also harvested in the country. Sunflower seeds, flax and potatoes are produced in large quantities.

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Ninety-five percent of Ukrainian land is rich in plain black soil, with 14.3 percent (8.6 million hectares) covered by forests.

A critical problem faced by the Ukrainian agriculture sector is product preservation. The capacity of Ukraine in packing materials and storage facilities is below 30 percent. The agricultural processing sector is regarded as the first priority in the Ukrainian economy.

Growing losses during harvesting, storage and processing as well as inadequate transportation have highlighted the need for better and more efficient storage/transportation facilities.

The construction of new storage facilities as well as the development of the transportation infrastructure has been inadequate compared to the apparent requirements and continues to lead to significant losses in production.

According to government projections, a decrease in production losses and an improvement in food processing technologies alone could increase per capita consumption of meat by 0.7 kg. (to 71.8 kg.), milk and dairy products by 2.7 kg. (381.2 kg.), eggs by 10 (285 kg.), vegetables by 14 kg. (153 kg.) and fruits by 7 kg (67 kg).

GRAIN PRODUCTION

The major grain production regions include Odessa, Dnepropetrovsk, Kharkov, Vinnitsa, Zaporozhe, Poltava, Kherson and Nikolayev provinces. Significant return may be obtained if investment is made in the following areas:

1. application of high-quality seeds and chemicals,

2. transfer of the state-of-the-art grain cultivation technologies which may allow for sizable increase in yields; and

3. use of modern harvesting machinery.

SUGAR INDUSTRY

The major sugar producing areas are : Vinnitsa, Khmelnitsk, Poltava, Chercassy and Kiev provinces. Promising directions for investment include:

1. high-quality seeds,

2. transfer of advanced sugar cultivation and harvesting technologies, and

3. re-equipment of sugar processing plants.

EDIBLE OIL PRODUCTION

Ukraine has accumulated vast experience in the production of vegetable oil, especially sunflower and corn oil. Investment in this sector may yield significant returns due to the high export potential of edible oils.

The principal investment areas are:

1. introduction of soya beans and rape seeds which have not been harvested

2. reconstruction of existing plans, construction of new plants for the production of vegetable oil, refinement and packaging of end-products, and improvement in pressing and extracting techniques.

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