Business news from Ukraine

Honda considers building electric vehicle plant in Canada

Japanese automaker Honda Motor Co. is considering the possibility of building an electric vehicle manufacturing plant in Canada, the Nikkei newspaper reports.

Investments in the project could reach 2 trillion yen ($14 billion).

Honda is considering several sites for the construction of the plant, including a site near the company’s existing facility in Ontario. The project may include the creation of facilities for the production of electric vehicle batteries, Nikkei notes.

The automaker intends to make a decision on the site for the construction of the Canadian plant by the end of 2024. The plant is expected to start operating in early 2028.

Honda is preparing to start production of electric vehicles and batteries in the US state of Ohio in 2026, and the Canadian plant will become the second largest Japanese company in North America.

This region accounts for about 40% of all Honda sales.

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Biopharma is exploring possibility of building new plant

Biopharma is exploring the possibility of building a new plant by 2027, the company’s president Konstantin Efimenko said.
“We have already processed almost 300 thousand liters of plasma, the company’s turnover is slightly more than $100 million, and we need to triple the company’s turnover in four years. But it will not be possible to increase capacity further, we need to build a new plant. The new plant should be ready by 2027. To make it ready by 2027, we need to start tomorrow,” he said during the forum “Dialogues on Sustainability. How Business Develops in Times of War” forum in Kyiv on Thursday.
Efymenko also said that Biopharma plans to build a plant in Romania, but this is not a strategy to reduce dependence on Ukraine, but a way to “increase turnover.”
At the same time, Efimenko noted that attracting investments to Ukraine is currently hampered, in particular, by the issues of war risk insurance and the withdrawal of dividends.
“Biopharma is concerned about this issue, but not so much, because we are here with the foundation of the White Church, with the land. We are already here and will be here. But I am worried about other investors coming here, because the question will arise who needs our country,” he said.
As reported, Biopharma plans to triple the number of its plasma centers to 30 by 2027.

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Volume of construction work performed in Ukraine for 6 months of 2022 decreased by more than 2 times

The volume of construction work performed in Ukraine in January-June 2022 decreased by 2.1 times compared to the same period in 2021 – to 36 billion UAH, according to the State Statistics Service (Derzhstat).

According to the State Statistics Service, in June 2022 the volume of construction works was only 22.2% of the June 2021 figure. At the same time the figure rose by 18.5% in June against May this year.

According to the State Statistics Committee, in the first half of 2022 to January-June 2021 the reduction of construction works was observed in all segments of construction. Thus, the volume of construction work in the residential construction decreased by 2.1 times – to UAH 7.6 billion (37.3%), in non-residential – twice, to UAH 9.9 billion (39.5%), in the segment of engineering structures – in 2.2 times, to UAH 18.3 billion (36.6%).

The share of new construction to the total volume of construction work was 43.8%, repair – 27,4%, reconstruction and technical re-equipment – 28,8%.

The State Statistics Service notes that the publication of data was delayed due to the martial law. Data excludes temporarily occupied Crimea and temporarily occupied territories in Donetsk and Luhansk regions.

Recall that earlier RAUTA presented an analysis of the metal construction market in Ukraine.

Rauta is a leading provider of modern solutions for prefabricated buildings – sandwich panels, metal ventilated facades, steel frames, load-bearing profiles, etc. The company offers services for the design, installation of load-bearing and enclosing structures, as well as general contracting at facilities of any complexity. The main business of the company is the import of Ruukki products for commercial construction projects. We use production facilities located in Poland, Estonia and Ukraine.

Grain Capital Group building elevator in Western Ukraine

Grain Capital Group of Companies has started the installation of technological equipment at a silo with a capacity of 21,500 tonnes, which it is now building on the territory of a feed mill in Ivano-Frankivsk region.
We are talking about installing a line for receiving, drying and storing grain, the company said on its Facebook page on Tuesday.
According to the agreement, in the near future the company will install transport and gravity equipment, a grain hopper with a cone bottom, a grain separator with an aspiration system, and silos with cone and flat bottoms.
As reported with reference to First Deputy Minister of Agrarian Policy and Food of Ukraine Taras Vysotsky, this season in Ukraine there may be a shortage of elevator capacities for storing 10-15 million tonnes of crops.
According to the KSE Institute, during the war, the Russian invaders damaged or completely destroyed 4 million tonnes of containers for storing agricultural products. Another part of the granaries are located in the temporarily occupied territories.
Grain Capital is a Ukrainian manufacturer and service provider in the field of storage and processing of grain, it includes Plant of Elevator Equipment and Grain Capital – Engineering. The Group operates in Eastern Europe with headquarters in Odesa.
It collaborates with a network of global partners such as Bonfanti, Westeel, Siemens, Moeller, Schneider Electric, Camozzі, Garden Denver, SEW Eurodrive, Motovario, SKF, etc.

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The Ukrainian National Security and Defense Council (NSDC) has imposed at a session on Thursday sanctions against individuals and legal entities involved in the construction and operations of the bridge over the Kerch Strait, NSDC Secretary Oleksiy Danilov said at a briefing following the session.
The NSDC press service said later that those sanctions were imposed on six individuals and 24 legal entities.
Sanctions were also imposed on 18 people involved in the issuance of unlawful court rulings to deprive the Crimea diocese of the Orthodox Church of Ukraine of its property in the temporary occupied territories of the Autonomous Republic of Crimea and the city of Sevastopol, it said.
According to the NSDC, 52 people holding senior positions in Crimea were also sanctioned for doing considerable damage to the national interests and security of the Ukrainian people, the NSDC said.

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Head of the Transformation Office Maksym Bakhmatov has announced the presentation of the Big Transport Ring tram-bus route project in Kyiv, the construction of which will take UAH 55 billion and 15-20 years.“For the construction of the Big Transport Ring, Kyiv will need 15 to 20 years and UAH 55 billion. This may seem like large numbers. But this is only UAH 3 billion from the city budget. Such projects are usually funded by international financial institutions,” Bakhmatov wrote on Facebook.According to him, the ring will unite 16 routes and cover six districts of Kyiv. The passenger traffic will be 1.6 million people per day.Bakhmatov noted that the construction of the route will be cheaper and faster than the construction of new metro stations.“On December 21, we will present the project to Kyiv deputies and activists. Further, the project will be handed over to Kyiv for implementation. I invite Kyiv authorities, as well as representatives of the central government, for discussion,” he said.