Centravis Production Ukraine PJSC (Centravis Production Ukraine), part of Centravis Ltd holding, has invested more than UAH 50 mln in its Uzhgorod branch, officially opened in late February and plans further expansion.
According to the company’s Wednesday press release, the new production facility in Uzhgorod specializes in tool pipes for the world’s leading car brands (Volkswagen, Audi, BMW, and Chevrolet).
The total investment amounted to more than UAH 50 million, about 100 employees work at the new plant, but this year it is planned to expand and build the second stage.
“Our team has been nurturing the idea of a new plant for a long time, but the war became the driver of this process and we quickly moved from design to action. The overall goal is to strengthen our position in the global market and strengthen the sustainability of the company,” explains Centravis CEO Yuri Atanasov, who is quoted by the press service.
According to his words, the management was considering different locations for new production – in Ukraine and abroad, but in the end it was decided to start the work in Uzhgorod. Main reasons – desire to invest in their country during hard war time, create jobs for Ukrainian employees and proximity to the western border, which in its turn would help to deliver orders to “Centravis” customers even faster.
Head of production in Uzhgorod Sergey Shadsky noted that this is only the first phase of the plant, and immediately after the opening work on its expansion began. Production in Uzhgorod will not depend on cold production in Nikopol, because the first deformation run can be carried out on the relocated mill KhPT-55 cold rolling directly on the production site in Uzhgorod, but the branch will still receive semi-finished products from the hot production of the main site in Nikopol.
“We plan to complete the works on the second stage of construction by summer, and we are already planning the third stage. We have ambitious plans. We want Uzhgorod to be known as one of the world centers for the production of pipes for cars, “- summarized the head of the new production “Centravis” in Uzhgorod.
As it was reported, official opening of new Centravis’s production site of specialized production of instrument tubes for cars was held in Uzhgorod on February 28.
Also reported that the holding Centravis Ltd re-registered its parent company in Switzerland, replacing the Cypriot location, which is expected to help improve credit rating and attract longer and cheaper money to develop production in Ukraine.
“Centravis was founded in 2000 and is among the ten largest manufacturers of seamless stainless steel tubes in the world. Its main production capacities are located in Nikopol (Dnipropetrovsk region). In 2022 the company has realized a number of large-scale orders for such world companies as Benteler Automotive, LINSTER Edelstahlhandel, Rohr Mertel, Buhlmann Group, Webco, MRC. The company employs more than 1400 people.
Holding Centravis Ltd. was created on the base of Nikopol Stainless Tube Works CJSC, service and trade companies Industrial and Commercial Enterprise Yuvis Ltd. Its shareholders are members of the Atanasov family.
Centravis Ltd. owns 100% of shares of Centravis Production Ukraine PJSC.
