Thermal and waterproofing materials in Ukraine since the beginning of 2025 have gone up in price by 15-20%, the volume of demand remains stable, Sweetondale sales directorate head Alexander Manuylo told the Interfax-Ukraine agency.
“In 2025 in the segment of heat and waterproofing materials there were several price increases – in general by 15-20% depending on the product category. This is for the first time in four years of war and is mainly due to rising prices for energy resources, equipment and raw materials imported from outside Ukraine,” he said.
As for demand, according to the company, it generally remains stable, and in some sales channels it is even growing. For example, despite the active hostilities on the territory of Ukraine, the direction of industrial logistics complexes is rapidly developing. Thermal modernization of the old housing stock continues. Of the negative factors, the expert noted a tangible lack of funding for international reconstruction programs, in particular USAID, in 2025.
“For our part, we continue to complete state infrastructure projects and support the construction of fortification facilities. Unfortunately, there is a new category of facilities that were built during the war, but suffered significant damage and, accordingly, require renovation and restoration,” Manuilo added.
The structure of clients in 2025 has also changed: the market of new residential high-rise construction is no better. Prospects for the next year in the company have always been assessed by the number of new pits, but they state that in the presence of a significant number of permits for new construction now there are very few new pits.
The market is feeling the positive impact of government rebuilding programs, but their scale and speed of implementation do not match the needs at hand. “Businesses and citizens are now largely taking the initiative, whereas government support could be a more effective catalyst for recovery. Government support in our segment is mainly focused on the rehabilitation and thermo-modernization of social and educational institutions,” says Manuilo.
Thermal insulation materials (mineral wool and extruded polystyrene foam), on which the energy efficiency and comfort of projects directly depend, remain the most popular items. No less relevant is waterproofing, as more and more attention is paid to the reliable protection of buildings, including underground shelters.
Sweetondale is expanding its product line. In particular, 2025 has already introduced a new product – bitumen-polymer primer, and soon it is planned to launch a line of mastics, which will allow to comprehensively cover the needs of customers in the field of waterproofing solutions.
According to Manuilo, the company leads the Ukrainian market in all key product categories (up to 50%) and is working to expand exports. “The main priority for us has always been and remains the Ukrainian consumer: we are primarily focused on providing the domestic market with quality materials. At the same time we are increasing export volumes. Our products are already represented in Moldova, Romania, Poland, the Baltic States and Scandinavia. They are highly appreciated for their quality and compliance with international standards. This confirms the competitiveness of our materials not only in Ukraine, but also abroad,” he said.
According to Opendatabot, the authorized capital of Zavod “Sweetondale” LTD (“Zavod ”Sweetondale” LTD) is UAH 13.5 million, for 2024 the company received revenue of UAH 1.9 billion, which is 16.4% higher than the results of 2023, net profit amounted to UAH 314.2 million, which is 6% lower than the results of 2023.
Sweetondale was founded in 2012 by Gary Alan Stern. It initially specialized in industrial equipment engineering and leasing. Negotiations to acquire the plants owned by Russia’s Technonikol began in 2015 and were finalized in February 2018. Today, the company includes three plants for the production of roofing and thermal insulation materials: a plant for the production of mineral insulation in Cherkassy, a plant for the production of polymer insulation and a plant for the production of bitumen-polymer roll materials in Kamenskoye.
