IFU is continuing its efforts to support Ukraine during difficult times. Last week, IFU signed two more investments with Danish-owned companies in the presence of the Danish minister for Development Cooperation and Global Climate Policy, Dan Jørgensen, and the Danish Ambassador to Ukraine, Ole Egberg Mikkelsen.
The investments were signed with Techto and Danico, which have both been fully operational during the Russian invasion and have even managed to expand their businesses despite the difficult circumstances.
“We are very pleased to be able to assist Techto and Danico. Both companies have done a tremendous effort to develop their business and are making a positive contribution to the resilience of the Ukrainian economy by creating new jobs, earning export revenues and paying taxes.”
Lisbeth Erlands, Senior Vice President, Head of Healthcare and Eastern Europe in IFU.
Techto is one of the most technologically advanced electronics components producers in western Ukraine and is providing electronics manufacturing services to customers in the EU and Ukraine.
The loan agreement of EUR 650,000 was signed by Jesper Holst, CEO of the Danish parent company, and Lisbeth Erlands on behalf of IFU.
The proceeds from the loan are bound for developing the company and increasing production via an additional production line.
Danico is a high-precision metal processing SME company. It produces machine parts for customers in Denmark and Ukraine and has become one of the most technologically advanced metal processing companies in Ukraine.
The loan agreement of EUR 500,000 was signed by Viktor Ivanytskyi, Danico’s CEO, and Lisbeth Erlands on behalf of IFU.
The proceeds from the loan are bound for developing the company and increasing production via additional machinery and infrastructure improvements.
Both loans are funded by IFU’s Ukraine Facility made available by the Danish State under the Ukraine Fund.