Business news from Ukraine

An American company is considering the possibility of opening a production of bearings in west of Ukraine

The American company Amsted Rail intends to open the production of bearings and components for railcars in Lviv. According to the press service of the Lviv Regional Military Administration, this was announced today at a meeting with the head of the LOVA Maxim Kozitsky, Amsted Rail global business director Eric Luhmann.

“We intend to open the production of bearings and components for cars in Lviv. This can be either the construction of a plant or cooperation with a company that is already operating on the market,” the press service of the Lviv Regional Military Administration quoted Luman as saying.

According to Luman, the company is now looking for a territory, a warehouse of one of the factories in the Lviv region, in order to transfer equipment there.

As stated in the press service, Amsted Rail plans to “return to the Ukrainian market part of the railway components, the production of which ceased due to the Russian invasion.”

“The Lviv region is ready to work with international partners – the favorable location of the region will allow everyone who wants to work in the region to cooperate with Europe. I am sure that the cooperation between Amsted Rail and the plant in the Lviv region,” the press service quotes the words of the head of LOV Maxim Kozitsky.

According to the Lviv OVA, Amsted Rail has been operating in Ukraine since 2004 and manufactures products related to the road industry.

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