In 2025, the Euroformat plant increased elevator production by 20% compared to 2024, primarily due to government programs supporting domestic manufacturers, according to Igor Tkachenko, CEO of the Euroformat Lifts group of companies.
“We consider the program to compensate 15% of the cost of Ukrainian equipment under the ‘Made in Ukraine’ initiative and the introduction of a minimum localization requirement for goods participating in public procurement to be effective tools for promoting national production,” he told Interfax-Ukraine.
Tkachenko did not specify the number of elevators produced by the plant, citing the military context, but noted that every tenth elevator installed during the year is manufactured by Euroformat, and among the elevators that meet current construction requirements, one in three is manufactured by Euroformat, since imported elevators supplied on a one-off basis often have serious deviations from standards and requirements.
Describing the elevator market in Ukraine, which has developed over the past few years, Tkachenko noted that previously it had a large number of imports, often in the form of one-off contracts for small batches.
“In 2022, out of 80 companies that imported elevators, 46 brought in no more than 10 units, and 38 brought in no more than five. Most of these suppliers (76%) imported elevators from Turkey and China. The situation in 2023 only got worse: 97 companies imported elevators from Turkey alone. At the same time, in most cases, importers were unable to provide adequate warranty service, technical support, or regular supply of spare parts,” he said.
Tkachenko added that the expectations from the support programs were generally met: the growth of Ukrainian elevator production in 2025 by approximately 25% and an increase in the share of the domestic market to about 40% testify to the effectiveness of these mechanisms.
“At the same time, imports still account for more than half of the market, which means there is significant potential for further growth in the coming years,” said the CEO of the group of companies.
According to him, domestic manufacturers have untapped production capacity: the combined capacity of Ukrainian enterprises allows them to produce up to about 5,000 elevators per year, but the actual production load remains significantly lower.
“In particular, at the Euroformat plant, the load factor in 2025 was about 35%. This figure is still lower than it was before 2022, but we are seeing positive dynamics,” Tkachenko emphasized.
At the same time, he believes that when an elevator is manufactured in Ukraine, the manufacturer’s responsibility for the entire life cycle of the equipment, from installation to service, is formed along with it for decades.
“For the end user, this means less downtime, faster elevator repair, higher safety, and predictable operating costs,” Tkachenko emphasized.
He also said that, in parallel with its production activities, the company has invested in its production base: new laser cutting and welding sections have been launched, the range of wheelchair lifts has been expanded, and dozens of design improvements have been introduced in elevator equipment.
“It is important to note that this is not a one-time growth, but the formation of a stable production cycle — with planning, predictable volumes, and the development of service infrastructure,” Tkachenko emphasized.
According to him, the volume of investments in production modernization in 2025 exceeded UAH 12 million without attracting grants, while in 2024 they accounted for 60% of the UAH 25 million invested.
Among the landmark projects implemented in 2025, Tkachenko named two projects for the manufacture and installation of hospital elevators in medical facilities. In one of them, they worked in a building that is an architectural monument and developed an exclusive elevator with custom cabin dimensions. Before putting it into operation, additional tests were carried out.
As for the other project, the company worked on the request from project development to commissioning.
“These cases confirm that the national manufacturer is capable of meeting the complex, custom, and inclusive needs of Ukrainian medical institutions,” Tkachenko emphasizes.
According to Dmitry Kiselevsky, deputy chairman of the Verkhovna Rada Committee on Economic Development, Ukrainian elevator manufacturers increased production by 25% in 2025, growing their share of the domestic market to 40% from 30% a year ago.
According to the MP, participation in the program to compensate 15% of the cost of Ukrainian equipment requires a localization level of at least 40%, and all leading Ukrainian elevator manufacturers meet these requirements, in particular, elevators from the Euroformat plant have a localization level of 60%.
Euroformat was founded in 2002 as a metalworking enterprise. Since 2006, it has been manufacturing elevators for the residential and commercial sectors. The company has the only test tower in Ukraine and the largest in Eastern Europe, with a height of 40 m and two shafts. The Euroformat Lifts group of companies includes the Euroformat plant and a number of service companies.
According to YouControl, in January-September 2025, the Euroformat plant received UAH 2.98 million in net profit, which is almost equal to the figure for the first nine months of 2024, with revenue growing by 27.3% to UAH 236.5 million.
In 2025, the Euroformat plant increased elevator production by 20% compared to 2024, primarily due to government programs to support domestic manufacturers, according to Igor Tkachenko, CEO of the Euroformat Lifts group of companies.
“We consider the program to compensate 15% of the cost of Ukrainian equipment within the framework of ”Made in Ukraine“ and the introduction of a minimum localization requirement for goods participating in public procurement to be effective tools for promoting national production,” he told the Interfax-Ukraine news agency.
Tkachenko did not specify the number of elevators produced by the plant, citing the military context, but noted that every tenth elevator installed during the year is a Euroformat elevator, and one in three of the elevators that meet current construction requirements, since imported elevators supplied as one-off deliveries often have serious deviations from standards and requirements.
Describing the elevator market in Ukraine in recent years, Tkachenko said that it was previously characterized by a large number of imports, often in the form of one-off contracts for small batches.
“In 2022, out of 80 companies that imported elevators, 46 imported no more than 10 units, and 38 imported no more than five. Most of these suppliers (76%) imported elevators from Turkey and China. The situation in 2023 only got worse: 97 companies imported elevators from Turkey alone. At the same time, most importers were unable to provide adequate warranty service, technical support, or regular supply of spare parts,” he said.
Tkachenko added that the expectations from the support programs were generally met: the growth of Ukrainian elevator production in 2025 by approximately 25% and an increase in the share of the domestic market to about 40% testify to the effectiveness of these mechanisms.
“At the same time, imports continue to account for more than half of the market, which means there is significant potential for further growth in the coming years,” said the CEO of the group of companies.
According to him, domestic manufacturers have untapped production capacity: the combined capacity of Ukrainian enterprises allows them to produce up to about 5,000 elevators per year, but the actual production load remains significantly lower.
“In particular, at the Euroformat plant, the utilization rate in 2025 was about 35%. This figure is still lower than it was before 2022, but we see positive dynamics,” Tkachenko emphasized.
At the same time, he believes that when an elevator is manufactured in Ukraine, the manufacturer is responsible for the entire life cycle of the equipment, from installation to service, for decades. “For the end user, this means less downtime, faster elevator repair, higher safety, and predictable operating costs,” Tkachenko emphasized.
He also said that in parallel with its production activities, the company has invested in its production base — new laser cutting and welding sections have been launched, the range of wheelchair lifts has been expanded, and dozens of design improvements have been introduced in elevator equipment.
“It is important that this is not a one-time growth, but the formation of a stable production cycle — with planning, predictable volumes, and the development of service infrastructure,” Tkachenko emphasized.
According to him, the volume of investments in production modernization in 2025 exceeded UAH 12 million, without attracting grants, while in 2024, about 60% of the UAH 25 million invested was grant aid.
Among the landmark projects implemented in 2025, Tkachenko named two projects for the manufacture and installation of hospital elevators in medical facilities — in one of them, they worked in a building, an architectural monument, and developed an exclusive elevator with custom cabin dimensions. Before putting it into operation, additional tests were conducted. In another project, the company worked on a request from project development to commissioning.
“These cases confirm that a national manufacturer is capable of meeting the complex, custom, and inclusive needs of Ukrainian medical institutions,” Tkachenko emphasizes.
According to Dmytro Kysilevsky, deputy chairman of the Verkhovna Rada Committee on Economic Development, Ukrainian elevator manufacturers increased production by 25% in 2025, and their share in the domestic market grew from 30% to 40%.
According to the MP, participation in the program to compensate 15% of the cost of Ukrainian equipment requires a localization level of at least 40%. All leading Ukrainian elevator manufacturers meet these requirements, in particular, elevators from the Euroformat plant have a localization level of 60%.
The Euroformat group of companies has been operating in the Ukrainian market for over 18 years. It specializes in the production of products and provision of services for residential and commercial construction. The main focus of the plant is the production of elevator equipment. The company has the only testing tower in Ukraine and the largest in Eastern Europe, with a height of 40 m and two shafts. It exports its products to Poland, where it has a representative office.
According to YouControl, in January-September 2025, the Euroformat plant received UAH 2.98 million in net profit, which is almost equal to the figure for the nine months of 2024, with revenue growing by 27.3% to UAH 236.5 million.
