Business news from Ukraine

Business news from Ukraine

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

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.

POLIPOL FROM GERMANY IS INTERESTED IN BUILDING FURNITURE PLANT IN UKRAINE, LVIV REGION

Germany’s Polipol could build an upholstered furniture plant in Lviv region with 1,000 new jobs, according to a posting on the website of Lviv Regional Administration.
The plans were announced at a meeting of German investors with Head of Lviv Regional Administration Oleh Syniutka.
“More than 80 new production facilities were opened last year in the region. We actively invest in infrastructure, roads, social infrastructure. Lviv region is also the best in terms of exports. If you decide to invest in Lviv region, we will ensure all conditions for you to feel yourself comfortable,” the press service said, citing Syniutka.
As the representative of the Polipol company in Ukraine, Herbert Wittwer, said, it could take from one to four years to implement the project, and eventually it is planned to create 1,000 jobs.
“We need a land parcel of 20 hectares. Education is important. We are ready to train employees and create conditions for workers not to migrate. The salary we are ready to offer is EUR 500-600,” Wittwer said.
In turn, Syniutka said that there are enough land parcels of a large area in Lviv region. He acquainted German investors with the existing enterprises in the region – Leoni, Bader, Fujikura, which are successfully developing.
Syniutka said that there is enough workforce in the region, as well as technical educational institutions that are training skilled workers.
The sides decided to study the land parcels in the region and determine the possible options for locating the future enterprise.
Polipol, founded in 1990, according to information on its website, currently has more than 5,000 employees in Germany and abroad. The range of upholstered furniture includes 300 models and 150 television seats. The annual turnover of the company is more than EUR 400 million.

UKRAINIAN FARMERS’ DEMAND FOR MINERAL FERTILIZERS MET BY 79% NOW

Ukrainian farmers as of March 2, 2018, had been provided with mineral fertilizers for the spring sowing campaign by 79% with 788,000 tonnes available together with ending stocks.
As of the same date in 2017, farmers had 83% of the needed amount of mineral fertilizers, the Ukrainian Ministry of Agrarian Policy and Food has said.
To protect plants from weeds, diseases and pests, producers assessed their needs in the first half of 2018 at 30,100 tonnes of pesticides (28,600 tonnes in 2017), including 19,800 tonnes of herbicides.
Farmers as of March 2 had bought 16,800 tonnes of plant protection chemicals (56% of the demand), including 11,100 tonnes of herbicides (56%).
“Agricultural producers’ technological demand for fuel for the period of spring field work in 2018 is estimated at 404,000 tonnes of diesel fuel and 92,000 tonnes of petrol. As of March 2, they had bought 273,000 tonnes of diesel fuel and 62,000 tonnes of petrol, which is 68% and 67% of the demand,” the ministry said.

ESTONIA’S SILVANO FASHION GROUP SEES 58% RISE IN SALES IN UKRAINE

AS Silvano Fashion Group (SFG, Tallinn), engaged in tailoring and sale of lingerie under the Milavitsa, Alisee, Lauma and Laumelle brands, saw a 58.8% rise in sales in Ukraine in 2017, to UAH 75.2 million.
The company said in a report on the Warsaw Stock Exchange (WSE) on Friday that its revenue grew by 52.5% in foreign currency, to EUR 2.53 million.
According to the report, the franchise shop chain in Ukraine remained unchanged in Ukraine – 50 shops.
In 2016, sales in Ukraine fell by 19.4%, to EUR 1.66 million and in hryvnias – by 3.5%, to UAH 47.37 million.
Ukraine’s share of total revenue last year was 4.1% compared with 2.9% a year ago.
SFG said that its sales grew by 7.7% in 2017, to EUR 62.35 million.