Ukrtruboizol, a research and production enterprise with foreign investments, has launched a new workshop for the production of polyethylene and pre-insulated pipes intended for main water supply and heating networks in housing and communal services.
According to a press release, the investment in the new project is more than UAH 150 million, including a 1.3 MW solar power plant that provides electricity to the new shop.
Dmytro Kysylevskyi, Deputy Chairman of the Verkhovna Rada Committee on Economic Development, announced this on his Facebook page.
According to him, the design capacity of the new shop is to produce 1200 mm diameter polyethylene pipes with a volume of up to 3.5 km per month, as well as 133 mm diameter pre-insulated pipes with a volume of 12 km per month. The shop will employ 30 people.
To partially finance this project, Ukrtruboizol took advantage of the government’s 5-7-9 affordable loan program. This program is part of the Made in Ukraine policy and allows manufacturing companies to receive concessional loans of up to UAH 150 million for investment needs.
Ukrtruboizol is Ukraine’s largest producer of large-diameter (426-1422 mm) longitudinal SAW steel pipes with anti-corrosion external and internal coating. The company employs 200 people.
The company is owned by individuals Sergiy Krasnopilsky and Igor Bilakovsky with 31.40% each, and Nikolay Kundiev with 27.4%.
