Bears Food Ingredients Concern is planning to create a network of logistic centers. The first center will be launched in Kiev suburbs in 2007. The capital investment to the network will amount to $35m during the next six years.

Bears-Logistics-Center LLC was established for this reason. The enterprise runs industrial property and food warehouse business. The first logistic distributive center in Kalinovka village (Brovarskoy district) with the total area of 8 500 sq meters will be launched in the fourth quarter 2007.

During the following five years we plan to place in operation about 6 000 sq meters of warehouses per year in Zhytomyr and Boryspol regions. The total area of the centers will be 40 000 sq meters with investment amounting to $35 m.

Part of the funds will be assigned form the profit of Bears Group of Companies and obtained from the Ukrainian banks. The other part will be obtained from the private capital of external investors, such as international logistic operators and food manufacturers who will be able to operate these warehouses later on.

Here is the project of the logistic center in Kalinovka village with the total area of 8 500 sq meters, which will be placed in operation in 2007.