February 21 (SeeNews) - Bulgarian mineral extracting and processing company Kaolin [BUL:6K1] is considering new opportunities for investment in Ukraine, Sofia-based media said.
Kaolin, which launched a factory for quartz enrichment in the Ukrainian village of Oleshnya in 2010, is now planning several other projects in the country, state-run Bulgarian News Agency (BTA) reported on Monday.
The regions considered for the implementation of these projects are Zaporozhye, Donetsk and Dnepropetrovsk, it added.
In 2007 Kaolin acquired a majority stake in the Ukrainian company PKSP. It invested over $15 million (11.3 million euro) in the quartz enrichment plant in Oleshnya, in the Chernigov region, thus turning into the largest Bulgarian investor in Ukraine, BTA said.
Apart from Bulgaria and Ukraine, Kaolin also operates in Albania, Serbia, Romania and Turkey. It reported a consolidated net profit of 8.9 million levs ($6.04 million/4.6 million euro) for last year.
Kaolin is part of Bulgarian business conglomerate Alfa Finance Holding.
($=0.7538 euro)