A modern tractor plant may be built in Ukraine, Minister of Agrarian Policy and Food Vitaliy Koval said following a meeting with representatives of the Korean company LS Group and Dmytro Pryputnyi, co-chairman of the Verkhovna Rada’s group on interparliamentary relations with the Republic of Korea.
“The construction of the tractor plant is not only a possible investment, but also a strategic step for the development of the Ukrainian agricultural sector. After all, since the beginning of Russia’s full-scale invasion of Ukraine, we have lost more than 8,000 units of machinery and equipment, of which more than a thousand units are tractors,” he wrote in a telegram on Thursday.
Koval noted that the Ministry of Agrarian Policy and Food is constantly working to update and modernize the material and technical base of the agricultural sector.
“We are interested in LS Group’s many years of experience and advanced technologies in the production of agricultural machinery, which they are ready to integrate into production in Ukraine. Korean investors are looking for potential partners to implement the project. Therefore, the Ministry of Agrarian Policy helps to establish such cooperation in the format of a joint Ukrainian-Korean enterprise,” the Minister emphasized.
According to him, the possibility of implementing bioenergy projects in Ukraine, in particular bioethanol production, as well as the prospect of creating a technology center to produce engines for agricultural machinery and other equipment, were also discussed with LS Group management.
The construction of the tractor plant is expected to strengthen the industrial base, create new jobs, and strengthen Ukraine’s position as a producer of high-quality agricultural machinery. This will allow Ukraine to increase its own production of agricultural machinery, which is one of the priorities of the Strategy for the Development of Agriculture and Rural Areas in Ukraine until 2030, the statement said.
LS Group is one of the leaders in the South Korean industry. Its model range includes tractors with a capacity of 30 to 150 horsepower.
