Kovlar Group LLC has invested tens of millions of hryvnia in the development, testing, and production of fire-retardant materials since 2015 and continued to invest after the start of the war, company director Konstantin Kalafat said in an interview with Interfax-Ukraine.
According to him, the investments were directed towards creating proprietary formulas, laboratory and fire testing, forming a research base, purchasing equipment, and scaling technologies to an industrial level, and during the war period, also towards maintaining production continuity and adapting to power outages.
He separately noted that the company regularly allocates about 20% of its profits to R&D, including laboratory equipment, testing, and technology upgrades.
Kovlar Group LLC was founded in 2015 in Kyiv and is the largest manufacturer of passive fire protection products in Ukraine. According to OpenDataBot, the company’s authorized capital is UAH 1.2 million, and the ultimate beneficiaries are Konstantin Kalafat (40%), Andrey Ozeychuk (35%), and Lyubov Vakhitova (25%). The company’s revenue for 2024 amounted to UAH 91.3705 million, which is twice as much as in 2023, and its net profit was UAH 13.4 million, which is 1.7 times more than in 2023. In the first quarter of 2025, the company’s revenue amounted to UAH 13.5 million, with a net profit of UAH 1,983,000.
