Business news from Ukraine

Business news from Ukraine

KOVALSKA CONSTRUCTION GROUP PLANS TO INVEST EUR 5 MLN IN FLAGSTONE PRODUCTION

22 February , 2018  

The Kovalska Industrial and Construction Group (Kyiv) plans to increase production of flagstone under the Avenue brand and elements for landscape design by 30%, Director General of Kovalska Group Serhiy Pylypenko has said.
“The increase in flagstone production and elements of landscape design for the Avenue brand and elements for landscaping was more than 25% in 2017. In the middle of 2018, we plan to increase the production capacity by 30% thanks to strong demand last year. The amount of investment will be around EUR 5 million,” Pylypenko said in an exclusive interview with Interfax-Ukraine.
In addition, he said, the company is exploring the possibility of launching production of aerated concrete.
“We are considering the launch of production of aerated concrete, which does not require a sophisticated base, but we need a separate plant for this. Our enterprises have already exhausted the opportunities for expansion. Now we can only talk about updating of existing equipment,” the director general said.
Kovalska Industrial and Construction Group was established in 2006 and it has been operating in the market of ready-mixed concrete and reinforced concrete products since 1956.