Business news from Ukraine

GERMAN LEONI AG TO BUILD ANOTHER FACTORY FOR PRODUCTION OF CAR WIRES IN PRYKARPATTIA

13 April , 2016  

KYIV. April 13 (Interfax-Ukraine) – German company Leoni AG, which has a plant for production of car cables in.Stry (Lviv region), has decided to build another plant in Prykarpattia.

According to a report on the website of Ivano-Frankivsk Regional State Administration, this was discussed during a meeting of Chairman of Ivano-Frankivsk Regional State Administration Oleh Honcharuk with Leoni AG CEO Stefan Schmid.

According to him, the construction of a plant in Kolomyia district is to be completed by July-August 2017. At this stage, the amount of investment will be almost EUR15 million, including EUR6.6 million will be used for building an industrial facility, and EUR8 million for equipment.

The total area of the factory is expected to be 6,300 square meters, the number of employees – 800 people.

“In general, in the framework of projects implemented by Leoni AG in the region, almost 7,000 Prykarpattia residents will work at its facilities,” the administration said.

As reported, Leoni Wiring Systems UA has been working in Lviv region since 2003.