In the first 9 months of 2024, Kovlar Group’s production increased by 100% compared to the same period in 2023.
According to the company, the main consumers of fire protection in 2024 were system developers of commercial real estate and infrastructure.
“The key components of this growth are the adaptation of the production cycle to wartime conditions and the high competitiveness of Ammokote products,” said Konstantin Kalafat, CEO of Kovlar Group.
Today, the company continues to carry out research and development activities to develop new promising fire protection materials necessary for the reconstruction of Ukraine. This allows us to keep the development of the Ukrainian fire protection industry at the global level and significantly reduces the import dependence of the domestic fire protection market.
Today, Kovlar Group is the largest Ukrainian manufacturer of fire protection products, which occupies about 60% of the Ukrainian fire protection materials market and offers more than 20 products under the Ammokote brand.
Thanks to the best price-quality ratio, professional service and high customer confidence, Kovlar Group’s share in the Ukrainian fire protection market in 2024 amounted to 60%, and for some products it reaches 90%. The company announced this in a press release.
According to the company’s co-founder Kostiantyn Kalafat: “In 2016, the then newly established Kovlar Group offered the Ukrainian construction market an affordable fireproof plaster Ammokote GP-240, which completely changed the rules of the game in the segment. Prior to that, the market for fire protection materials was largely divided between unscrupulous Russian manufacturers and importers of European products, who kept the prices for fire protection high. This not only increased construction budgets, but also harmed the development of the steel construction industry in Ukraine, as customers refused to use steel solutions in their projects due to the high cost of fire protection.”
According to him, after the launch of the innovative Ammokote GP-240 gypsum plaster, due to the excellent combination of high fire protection properties and low price, it became so successful that in a few years it occupied about 80% of the plaster fire protection market. This allowed the company to invest in its own production facilities with modern equipment and a large warehouse, as well as in a research laboratory that allows for fire testing and the development of new materials.
Today, the company’s portfolio includes more than 20 different types of fire protection materials. Over the past 6 years, Kovlar Group’s turnover has amounted to about UAH 200 million, of which the company has paid more than UAH 38 million to the Ukrainian budget, which is a record figure for the fire protection segment.
Kovlar Group is owned by three Ukrainian citizens: Konstantin Kalafat, Lyubov Vakhitova and Andrey Ozeychuk.
On August 14-25, about 100 similar publications appeared in the Ukrainian media aimed at discrediting Kovlar Group, its founders and employees.
Kovlar Group Director Kostiantyn Kalafat believes that these publications are part of a planned information campaign related to the activities of dishonest competitors who, with the support of corrupt officials, participate in public procurement of fire protection materials. “As the practice of tenders in recent years shows, the price of Ammokote fire retardants produced by Kovlar Group is much lower than the price of products used by dishonest businessmen who cheat the state and steal hundreds of millions of hryvnias from the Ukrainian budget,” he said.
It should be noted that the topic of multimillion-dollar embezzlement of budget funds in tenders for fire protection of state-owned facilities was investigated by Yuriy Nikolov, a journalist of the Nashi Hroshi project. According to his investigations, in 2014, 2019 and 2024, the overpricing of fireproof paint and putty for the needs of the nuclear industry was up to 5 times, and in projects to build covers for strategic energy facilities – up to 10 times.
Media community experts estimate the cost of such an attack at $50-100 thousand, which indicates the seriousness of the intentions of the black PR customers to ruin the reputation of the flagship of the Ukrainian fireproofing industry, which prevents embezzlement in public procurement.
It is likely that the ultimate goal of the attack by corrupt businessmen is to shut down the largest Ukrainian manufacturer of fire protection materials, which creates transparent rules of the game in the market and offers one of the lowest prices for its products. If this plan comes to fruition, the construction industry will see a significant increase in prices for fire protection, and the state will be forced to spend significantly more money on the purchase of fire protection materials.
Established in 2015, Kovlar Group produces more than 25 types of passive fire protection products using modern technologies, which allows Ukrainian construction customers to receive high-quality products at an affordable price. Scientific developments and a customer-oriented approach have allowed the company to grow from a startup to the largest domestic fire protection manufacturer in 9 years, which currently holds about 60% of the market.
The company said that despite the information attack, it continues to operate as usual and invest in the development of new products. Kovlar Group is also taking all possible measures to bring to justice those involved in the creation and dissemination of defamatory information and is preparing statements to the National Police of Ukraine, the Security Service of Ukraine and the State Service for Special Communications and Information Protection of Ukraine to investigate the incident.
Source: https://kovlargroup.com/uk/spovishhayemo-pro-diskreditatsijnu-informatsijnu-kampaniyu-proti-kovlar-grup/
