KYIV. Feb 5 (Interfax-Ukraine) – KME Germany GmbH & Co. KG, a European industrial group with leading positions on the global copper and copper alloy products, the co-founder of KME-Magma Service Ukraine LLC (Mariupol, Donetsk region), has resumed investment in the development of the joint venture in Ukraine that repairs casting-mold machines’ parts.
The Illichivets newspaper reported that German investors resume cooperation with Mariupol: at present new equipment is being actively installed at KME-Magma Service Ukraine. The equipment to repair details of ingot-forming equipment was shipped from Germany.
The joint venture was created in 2013 by Mariupol-based Magma LLC, an engineering company, and КМЕ Group. Only three years later foreign investors came to Mariupol.
German partners visited Magma LLC on February 2.
“We consider Mariupol as the steel region which is famous by steel production in the world and which should continue developing,” Marketing Director at KME Norbert Folkman.
He said that the fact that the German group decided to invest in the Mariupol company is a signal that Europeans think that the situation here will develop positively.
Folkman said that over EUR 2 million has been invested in the project and this is only the start.
The new line at KME-Magma Service Ukraine will be launched in May and 20 places of work will be created there.
