KYIV. Dec 15 (Interfax-Ukraine) – Frunze Plant (Kharkiv), the leading national manufacturer of perforated metal products, intends to invest around EUR 8 million in the implementation of an investment project on creating an enterprise for the import-substituting production of flooring grids, the press service of the enterprise has said.
According to Frunze Plant chairman Oleksandr Vasylenko, the company has already signed a contract to build a production line with a German company, the world’s leader in the creation of this type of equipment.
The factory will invest about EUR3 million in the new line, and this will be the first phase of the investment project to launch new production, and as a whole the duration of the project is estimated at two or three years.
The press service said the plant previously supplied these products to customers, but acquired it in Poland.
Frunze Plant, founded in 1885, produces sieves for agricultural machinery, flooring grids, netting and fencing systems, elements of urban environment (waste baskets, benches), storage racks, protective systems of engine crankcases for automobiles, as well as pellet boilers.
