Business news from Ukraine

ENTERPRISE OF GERMAN CONCERN LEONI OPENS IN KOLOMYIA

2 October , 2017  

KYIV. Oct 2 (Interfax-Ukraine) – Ukrainian President Petro Poroshenko on September 29 took part in the opening of a new plant of the German concern Leoni for production of cables for the automotive industry in Kolomyia (Ivano-Frankivsk region).
“Today’s event is important, especially if to consider that Leoni concern is one of the world’s largest producers of electrical cable networks. Leoni’s key customers are General Motors, Volkswagen, Audi, Porsche, Lamborghini and other elite brands of cars,” the head of state said when opening the enterprise.
He noted that 5,000 jobs should be created in Kolomyia by 2021 and now their number is 800. In addition, investors will provide wages equal to UAH 8,000.
“I would like to thank Leoni, which was one of the first to believe in Ukraine, the first to vote for the future of Ukraine with dollars, euros, creating future jobs, providing new taxes in the territorial communities, believing that Ukraine is competitive and efficient for investors,” Poroshenko said.