Westinghouse, Cargill, and Coca-Cola are ready to invest in Ukraine
14:38, 30 September 2015

Westinghouse, Cargill, and Coca-Cola are ready to invest in Ukraine

President Poroshenko called on the big US companies to enhance their cooperation with Ukraine

14:38, 30 September 2015

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Petro Poroshenko met with representatives of major US companies Westinghouse, Cargill, and Coca-Cola. Companies declared their readiness to invest in Ukraine, announced Borys Lozhkyn, head of the administration of President, on his Facebook page.

The meeting was attended by other representatives of big business and the US business community.

Westinghouse Electric Company is the main competitor of Russian Rosatom in supply of nuclear fuel for Ukrainian power plants. Earlier, Volodymyr Demchyshyn, Minister of Energy and Coal, said that Ukraine plans to significantly increase supply of nuclear fuel from Westinghouse in 2016.

Due to problems encountered with the Westinghouse’s fuel, several Ukrainian NPPs temporary suspended their work. Serious consequences of this incident had not. "Fuel assemblies produced by Westinghouse have repeatedly demonstrated nonconformance to the quality of fuel needed for pressurized water reactors of Soviet production. Attempts to use on the Temelin nuclear power plant in Czech Republic led to a rather serious incident", stated Russian Foreign.

Russia believes that Ukraine decided to abandon the supply of Rosatom’s nuclear fuel because of "purely political reasons".

Cargill, Inc. is known as a major grain trader. The company recently acquired 5% of Ukrlandfarming, the largest agricultural holding rents 670 thousand hectares of land. The Coca-Cola Company owns a plant for bottling soft drinks near Kyiv. The company sells in Ukraine carbonated drinks and juices.

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