Business news from Ukraine

Business news from Ukraine

“Oberbeton” will build second plant for production of large-size reinforced concrete structures

Ukrainian manufacturer of individual reinforced concrete structures (RCS) company “Oberbeton”, which has a plant in Zhytomyr, will build a second plant for the production of large-size RCS on the territory of Mikulinetska municipality in Ternopil region, according to the municipality’s Facebook page.

According to the report, at the end of last week, the first working meeting of the investor’s representatives with the local community was held, where the production capacity and products of the future plant were presented.

In the near future it is planned to sign a memorandum and start preparatory and construction works at the site.

“For more than two years we, together with the investment office of the region, have been trying to attract both foreign and domestic investors to the community. The determining factor in the choice of our community by the investor was the availability of a land plot with developed infrastructure, capacity reserves, logistics, human resources,” – is noted in the message.

It is specified that the company-investor for a long time was looking for options for the construction of the second plant, and considered, in particular, the possibility of placement in Ternopil, Lviv, Volyn, Rivne, Ivano-Frankivsk regions.

“Thanks to such powerful investors, the total amount of direct investment in the region will increase by more than UAH 1 billion and more than 150 new jobs will be created. This is one of the largest investments in the Ternopil region,” the community said in a statement.

As expected, the average salary at the plant will be at least 20-22 thousand UAH.

Other parameters of the project are not given in the report, but it is noted that the products will be similar to those produced at the plant “Oberbeton-Invest” in Zhytomyr.

According to the information on the company’s website, the plant “Oberbeton-Invest”, built in 2008, is one of the largest enterprises in Ukraine, has a full range of equipment of leading European companies.

Among the implemented projects are shopping and shopping and entertainment complexes (including Novus supermarkets and Auchan hypermarket, Oasis shopping mall in Kiev, Epicenter construction hypermarkets in Kiev and Kherson), logistics and industrial facilities, residential and administrative complexes, agricultural enterprises.

Oberbeton-Invest LLC was registered in Zhytomyr in 2007 with authorized capital of UAH 433.78 mln, the owner of 100%, according to YouControl data, is Oberbeton Holdings Limited, registered in Cyprus, and the ultimate beneficiary is Yakov Filkenstein, an Israeli citizen.

The central office is located in Kiev.

According to the data of the system Klaritu, in January-September last year, Oberbeton-Invest LLC received 31.4 million UAH of net profit – 10% less than in the same period of 2022, while net income grew by 7% – to 213.5 million UAH.

At the same time, according to the company’s report on its website, in 2022 it reduced net profit by 9 times to pre-war 2021 – to 32.2 million UAH with net income falling by a third – to 259 million UAH.

By early 2023, the company employed more than 220 people.

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