KYIV. Oct 22 (Interfax-Ukraine) – The German company Kromberg & Schubert, which owns Kromberg & Schubert Ukraine LLC (Volyn region), plans in early 2016 to begin production of cable systems for Porsche, BMW, Audi, Mercedes cars at the second production site in Zhytomyr region.
According to a report on the website of Zhytomyr Regional State Administration, with reference to its head Serhiy Mashkovsky, investment in setting up a new company will amount to about EUR30 million.
To assist investors in solving problems with the supervisory authorities and establishing cooperation between the government and businesses, a memorandum of cooperation with Kromberg & Schubert Ukraine was signed at a meeting of the council for attracting investment at Zhytomyr Regional State Administration.
“Our plan is the second enterprise in Zhytomyr, which will employ about 3,000 people. New projects in Zhytomyr are components for new car brands that will enter the market in 2017: Audi Q2 and BMW,” Technical Director of Kromberg & Schubert Ukraine Slawomir Kaczmarek said.
Kromberg & Schubert Ukraine was established in 2005. According to Volyn Regional State Administration, this is the first plant of the German company in the CIS, in which it invested EUR11.5 million.
The plant produces onboard cable systems for passenger cars. The plant’s capacity is about 1,000 sets of electric cables per day, the main consumers of its products are Daimler AG, BMW, Volkswagen.
