According to a report from New Voice on July 2nd, Japan Tobacco International's (JTI) Ukrainian subsidiary announced on July 1st that it plans to inject an additional $60 million into the Ukrainian economy over the next three years. This investment is related to the company's new heated tobacco device.
The company's CEO, Svetlana Sharamok, stated
New investments are important steps for any company, even during times of peace. We have unwavering faith in the future of Ukraine, which is why we are investing in its economy even during times of war.
The company has been operating in the Ukrainian market for over 25 years, with total investments exceeding 400 million dollars. JTI Ukraine is also one of the country's largest taxpayers. In 2023, the company paid taxes amounting to 24.7 billion hryvnias (approximately 6 billion dollars), ranking among the top five taxpayers in Ukraine.
We know that Ukraine now more than ever needs additional investment. Supporting the country's economy during difficult times is one of businesses' most important tasks.
She mentioned that after the start of the total war, the company will focus on ensuring the safety and well-being of its employees and their families, and has invested a significant amount of funds for this purpose.
It is time to invest in our business, strengthen our position, and continue to contribute to the future of our country.
JTI Ukraine is one of the largest tobacco product manufacturers in Ukraine, belonging to Japan Tobacco International. Since 1999, the company has had multiple offices and factories in Ukraine, including a central office in Kyiv, regional offices, and the Kremenchuk factory, with a total of over 800 employees.
Before the outbreak of full-scale war, JTI Ukraine not only produced for the local Ukrainian market, but also produced for 22 foreign markets.
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