Teophipolskyi Sugar Refinery was first launched in 1975. In 2017, the second largest biogas plant in Ukraine with a capacity of 5,1 MW began to operate on the base of the refinery.

According to the results of 2017/2018 MY, the company processed 508,6 thousand tonnes of raw materials, produced 64,9 thousand tonnes of sugar, entering the top ten of the most powerful sugar factories of Ukraine.