Business news from Ukraine

AEROC TO INVEST AROUND EUR 3.6 MLN IN PRODUCTION DEVELOPMENT UNTIL 2016 – DIRECTOR

18 June , 2015  

KYIV. June 18 (Interfax-Ukraine) – Aeroc LLC (Obukhiv, Kyiv region), part of Russia’s LSR Group, plans to invest around EUR 2.1 million in one steam chamber and a boiler in 2015 at an aerated concrete plant in Obukhiv, and around EUR 450,000 in a new steam chamber at a plant in Berezan in Kyiv region in 2016, Aeroc LLC Director General Dmytro Rudchenko said at the sixth international conference “Energy, Economic and Ecological Advantages of Construction Using Aerated Concrete,” which was held in Kyiv on Wednesday.

“Investment in the modernization of the Obukhiv plant today amounts to some EUR 1.5 million, and this is only to increase its capacity [the installation of one more steam chamber], and we also invest EUR 1.6 million in the construction of [our] own boiler in Obukhiv,” he told reporters.

Rudchenko said the company decided to build the boiler which will be launched in late 2015 due to the necessity of cutting expenses on steam, which the plant has to buy from other companies.

He said that in 2015 Aeroc plans to install a new steam chamber at its plant in Berezan.

“Investment is smaller, as there is no need in accelerating the technological cycle, equipment is ready, and the only thing is to do – to install the steam press. Investment will total around EUR 450,000,” he said.

He said that by June 2015 Aeroc increased its production capacity to over 1 million cubic meters a year from around 450,000 cubic meters in 2011.

Aeroc LLC was founded in 2006. It has two plants in Kyiv region: a plant in Berezan which opened in 2008 and a plant in Obukhiv, the acquisition of which was completed in 2008.

LSR Group was founded in 1993. Its core business is the production of development and construction materials as well as providing construction services.