Business news from Ukraine

FRENCH CABLE PRODUCER NEXANS SEEKS TO LAUNCH ONE MORE PLANT IN LVIV REGION IN 2017

22 April , 2016  

KYIV. April 22 (Interfax-Ukraine) – A new Ukrainian plant of France’s Nexans, a cable manufacturer, will start operating in Brody (Lviv region) in 2017, Governor of Lviv Regional Administration Oleh Syniutka has said.

“The investment project of Nexans that has decided on building a plant in Brody from the ground up has been approved. The plant will start operating in 2017. The company will invest over UAH 120 million and 2,000 people will work there,” he said in an interview with Uriadovy Kurier newspaper published on Wednesday.

Nexans has cable production site in Ukraine at Elektrokontakt Ukraine LLC in Peremyshliany (Lviv region), where the production facilities will be expanded.

“Along with 300 people working in Peremyshliany (one of the poorer districts), over 500 local residents would soon get well-paid jobs,” Syniutka said.

Nexans is the second largest global cable manufacturer.

Syniutka reminded that Fujikura’s investment in Ukraine were the largest. The company selected Yavoriv district of Lviv region.

Commenting on the possibility of resuming production at one of the largest enterprises of the region – Zhydachiv pulp and paper mill (it has been idle since September 2014), Syniutka said that this problem was not solved in 2015.

“Despite everything, we will induce the inefficient owner to launch the plant or transfer property assets to those who are interested in running the enterprise,” he said.