AIS Group of Companies, an exclusive distributor of China’s FAW Group brand cars in Ukraine, plans start selling five models of cars under this brand in all categories (small tonnage, small commercial, medium tonnage and heavy tonnage vehicles) on Ukrainian market in the next few months of this year. As the company’s press release said, the start of sales was scheduled for October. A FAW B30 compact passenger sedan with a 1.6-liter petrol engine rated at 109 l/s with a 6-speed AISIN Japan’s automatic transmission will be the first model to sell.
It also planned to start selling a FAW X40 compact crossovers with a 1.6-liter petrol engine rated at 109 l/s with manual transmission.
“These models will be competitive to European, Korean, Chinese brands, which will be offered under the most affordable price,” the company said in its press release.
Besides, the company will offer a FAW Tiger VR small commercial vehicle with a carrying capacity of up to 1.5 tonnes with a 2.3-liter Weichai diesel engine with 110 l/s, with a reinforced frame and chassis, anti-lock braking system and power steering; and a FAW Tiger V medium tonnage truck with a load capacity of 4.7 tonnes with a 3.8-liter Cummins diesel engine with 139 l/s and ZF transmission.
“It is planned that a FAW Tiger model line will compete with GAZ commercial and cargo vehicles,” the Group said.
Moreover, by the end of the year market will see two modifications of large tonnage dump trucks FAW J6P 6х4 и FAW J6P 8х4 of wheel configuration, engine power 375 l/s and 390 l/s and a load capacity of 19 and 23.6 tonnes respectively.
Leading world leaders alike Bosch, Wabco, Sachs, ZF, Fast, Eisenmann, TRW, Tenneco and others are suppliers of the component parts for production of FAW cargo vehicles.
As reported, the AIS Group, a leading operator selling and servicing vehicles for business in Ukraine, signed an exclusive distribution agreement with China First Automotive Group Corporation (FAW).
Under the agreement, the AIS Group will present FAW trucks in Ukraine.
AIS group of companies, established in 1992, is the national network of auto centers and service stations, spares stores, a manufacturing enterprise, regional automobile warehouses and a logistics center for storage and distribution of spare parts, a customs and licensed warehouse, and a motor transport company.
British-based IWG Plc, which provides rental services for office space and temporary workplaces, plans to open a nine-storey office space under the Spaces brand in the Maidan Plaza business center (Kyiv). “In 2019, the first center of the global network of creative space for work Spaces will open in Kyiv. The Maidan Plaza business center was chosen as the location. The space of 6,100 square meters for 600 workplaces will occupy nine floors at once. The official opening of the first stage of the premises is scheduled for August,” according to a press release from Spaces in Ukraine.
According to the report, one of the key components of the Spaces concept are also regular events – both business and lifestyle. The goal is not only to provide new opportunities for development, but also inspire the creation of ideas, encourage the use of non-standard approaches in solving daily operational problems, and promote networking.
The Spaces brand was founded in 2006 and is managed by IWG. The Spaces premises are located in 39 countries of the world (including the Netherlands, the United States and Australia) and 150 locations. The format of Spaces offices is designed to promote the active development of business – from entrepreneurs and startups to major corporations.
The primary registrations of imported used cars in Ukraine in January-June 2019 totaled 250,100, which is almost six times more than a year ago, the Ukrautoprom association has reported.
The Volkswagen brand remains the leader of registrations in the first six months of 2019 (48,793), Opel is in the second position (24,414), Audi is third (19,072), Renault is fourth (18,822), and Skoda is fifth (17,766.).
According to the association, in June, the Ukrainians registered 19,200 imported used cars, which was the lowest since the beginning of the year, but compared to June last year, registration increased 2.2-fold.
Cars aged from 5 to 10 accounted for the largest share in the registrations of used imported cars – 46%. Cars older than 10 years covered 35% of the June market, the remaining 19% were cars under the age of five years.
The most popular Volkswagen brand registered 2,960 vehicles last month, followed by Skoda (1,742), Renault (1,588), Ford (1,393) and Opel (1,321).
BRAND, IMPORTED, LEADER, REGISTRATIONS, USED CARS, VOLKSWAGEN
The Grand Chamber of the Supreme Court of Ukraine has sent the dispute over the Corvalolum well-known brand to the court of lowest instance for repeated hearing and partially satisfied cassation claims of the Economic Development and Trade Ministry of Ukraine and PJSC Farmak, annulling the ruling of the appeal court and the ruling of the court of lower instance.
Earlier, the Kyiv business court of appeals under the counterclaim of PrJSC Darnitsa Pharmaceutical Firm revoked the decision of the Appeals Chamber of the Ministry of Economic Development and Trade recognizing the designation Corvalolum as well-known.
“PJSC Farmak stands for civilized competition and for many years it has been defending its rights to the Corvalolum well-known brand. We defend our right only to the brand designation,” Farmak Legal Director Dmytro Taranchuk said.
He said that “the medicine itself and its components are not protected by a patent, and it is not protected in Ukraine from the point of view of intellectual property.”
“A similar medicine can be produced by any manufacturer who will prove its quality and effectiveness and undergo all the required licensing procedures. But under a different name, under its own brand,” the lawyer said.
AXA Insurance and AXA Life Insurance (both based in Kyiv) from July 1, 2019 changed their names to ARX and ARX Life, the insurance companies said in a press release.
“ARX in Latin means “fortress, castle, citadel.” The name sounds succinctly in the spirit of modern trends and reflects the main attribute of the insurance business – reliability,” the press service said.
ARX insurance company and ARX Life insurance company are the assignee of AXA Insurance and AXA Life Insurance. The companies continue working with all banks, car dealers, partners in a regional network, corporate clients, as well as with assisting companies and contractors.
The main shareholder of ARX is the Canadian holding Fairfax Limited.
According to the press release, Andriy Peretiazhko is chairman of the company’s board, Maksym Mezhebitsky is his first deputy, Viacheslav Havrylenko is deputy board chairman and since June 12 he is Director General of ARX Life.
Intertop Ukraine LLC (Kyiv), founded by MTI Holding, plans to open Ukraine’s first mono-brand store of the U.S. outdoor brand The North Face and eight more stores in the River Shopping trade and entertainment center with a total area of 140,000 square meters being built in Darnytsky district in Kyiv. The press service of River Mall told the Interfax-Ukraine news agency that the total area of Intertop Ukraine stores in the facility will be 1,300 square meters.
“Intertop Ukraine opens the first mono-brand store of the legendary U.S. brand The North Face and eight more stores in the River Mall center. Among them are such well-known international brands as Armani Exchange, Napapijri, Marc O’Polo, Ecco, Skechers, Geox, Timberland, as well as the Intertop store for the whole family,” the report says.
The North Face store will become the first mono-brand store in the Intertop Ukraine portfolio in Ukraine. It will present male and female clothes, as well as accessories.
“As of the end of January 2019, the design of the stores is at the completion stage. In the near future, the company is ready to start repair and construction work. The opening of the stores is scheduled simultaneously with the official opening of the River Mall center in the spring of this year,” the press service said.
Intertop Ukraine was founded by the international trading holding MTI, one of the largest distributors of computer and office equipment in Ukraine.
