AXOR Industry has invested a total of EUR 40 million in the launch, expansion and development of its window and door hardware plant in Dnipro since 2011, First Deputy Prime Minister and Minister of Economy Yulia Svyrydenko has announced.
“In 2011, AXOR built a plant in Dnipro, with initial investments of EUR 25 million. When a full-scale war broke out, the company not only maintained production but also continued to develop. In 2022-2023, it invested in new production facilities. Currently, the total investment amount is EUR40 million,” she wrote on her Facebook page on Monday.
According to the report, the plant in Dnipro has a capacity of 8 million sets of fittings per year. Svyrydenko emphasized that this is one of the largest plants of its kind in Eastern Europe. AXOR exports its products to 27 countries.
“I am sincerely grateful to AXOR Industry, which proves that war is not an embargo on investment. The private sector of other countries, despite the challenges, is ready to invest in our country right now,” she said.
According to Opendatabot, the founders of AXOR Industry LLC are Funama Holdings Limited (Cyprus), AMC Altus Assets Assets in the interests of Altus Industrial Mutual Fund (Dnipro) and Basera Holding Limited (Malta). The ultimate beneficiaries are Mustafa, Hassan and Oan Irem Basher, as well as Sofia Kononenko.
In addition, in 2024, Vadym Iermolaiev, the owner of Alef Corporation, who was included in the Ukrainian sanctions list for 10 years in 2023, was removed from the list of beneficiaries.
In 2024, AXOR Industry increased its revenue by 5.6% to UAH 627.8 million and its net profit by 18.4% to UAH 19.5 million.
The US non-profit organization Global Empowerment Mission (GEM) in partnership with the Howard Buffett Foundation (HGBF) will replace windows in houses affected by Russian shelling across Ukraine, planning to install more than 80,000 windows by the end of the year.
According to the press release, by the end of July the program had already installed 16.7 thousand new windows in private and apartment buildings, schools, and hospitals.
According to GEM, windows worth $1 million have been installed in apartment houses and schools in Kyiv region, and $500 thousand in houses in Kherson region damaged after the Kakhovskaya HPP was blown up by the occupants.
GEM and HGBF representatives are working on the ground in Dnipro, Odessa, Lviv. Sumy, Kryvyi Rih, Zaporizhzhya and Pokrovsk, working with local military administrations, the press release said.
GEM was founded in 2011 as a global disaster response service. In Ukraine, the organization is engaged in reconstruction projects and provides humanitarian aid to war-affected regions. GEM cooperates with 152 local and Ukrainian organizations.
Yoghurt, kefir, mineral water, raw tobacco, salt, hydrogen, photographic plates and film, doors, windows and their frames, cigarette paper, cotton wool, tights, socks and bras, bags and packaging bags are new items included in the list goods of critical import of Ukraine.
According to government resolution No. 266 of March 13, which was published on its website, the list is also replenished with glass and mirrors, silver, various types of metal products, aluminum metal structures, pumps, printed circuits, trailers and semi-trailers.
As reported, after the start of Russia’s military aggression on February 24, the government on the same day by resolution No. 153 determined a list of critical import goods, for the purchase of which the National Bank of Ukraine allows buying foreign currency. This is the tenth expansion of this list since it was originally approved.
BAGS, BRAS, COTTON WOOL, DOORS, FRAMES, IMPORT, MINERAL WATER, RAW TOBACCO, SALT, SOCKS, WINDOWS, YOGHURT
