The leader of the Ukrainian road construction market, Avtomagistral-Pivden LLC, has invested about $15 million in re-equipment during the war, said Mykola Tymofeev, CEO of Avtomagistral-Pivden LLC, in an exclusive interview with Interfax-Ukraine.
“During the war, we invested approximately $15 million in re-equipment, primarily in equipment for third-level industrial construction: cranes, drilling rigs, concrete plants. We have brought to Ukraine the most powerful drilling rig in the country with a drilling depth of up to 120 meters. We have recently purchased up to 50 combined machines for winter operation,” said Timofeev.
He also added that the number of employees is much lower than before the war.
“At the beginning of the war, we employed 7.5 thousand people. In 2022, we dropped to 2,000. Today, taking into account all the facilities, we have 3,800 employees. Many of the administrative staff have been laid off, and more than 500 employees have been mobilized,” he said.
Avtomagistral-Pivden LLC has been on the market since 2004. It designs and builds highways, bridges, interchanges, airfield complexes, and hydraulic structures. The company’s owner is listed in Opendatabot as Oleksandr Boyko. According to the financial results for 2023, the company’s net profit amounted to UAH 624.9 million, and revenue was UAH 8.215 billion.
Source: https://interfax.com.ua/
