Business news from Ukraine

KLINGSPOR FROM GERMANY PLANS TO RELOCATE SOME PRODUCTION PROCESSES FROM FRANCE TO UKRAINE

5 March , 2018  

Germany’s abrasives manufacturer Klingspor plans to relocate some production processes from France to Velyki Mosty in Lviv region in 2018, the press service of Lviv Regional Administration has reported.
“In the past four years alone, the company has invested more than EUR 7 million in the plant in Lviv. The company has built production, warehouse and administrative premises with a total area of 6,700 square meters in the town of Velyki Mosty, employing more than 200 people. It is planned to move some of the production processes from France to Ukraine,” the administration said.
According to the regional administration, the company produces more than 50,000 articles for treating surfaces and cutting materials.
Klingspor was founded in 1893 in Germany. In Ukraine, Klingspor LLC began its operations in 2008.