Business news from Ukraine

KROMBERG&SCHUBERT TO INCREASE NUMBER OF WORKERS AT ZHYTOMYR PLANT TO 5,000 IN THREE YEARS

20 April , 2016  

KYIV. April 20 (Interfax-Ukraine) – The Kromberg&Schubert manufacturer of cable systems for cars, intends in three years to increase the number of employees at the second production site in Ukraine in Zhytomyr to 5,000 people (today the plant employs 900 workers).

According to the press service of Zhytomyr City Council, the leadership of the Ukrainian company reported this during the Doors Open Day on April 16.

The plant started operations in September 2015 in a test mode, which will last until June this year. Currently the plant is actively recruiting employees.

As reported, the overall investment in the new enterprise is estimated at EUR30 million. As of today, according to the press service, more than EUR10 million has been used.

Currently Kromberg&Schubert Ukraine LLC (Volyn region), established in 2005, operates in the country. Investment in the company amounted to EUR11.5 million. The company employs about 5,500 people.

The plant produces onboard cable systems for passenger cars. The plant’s capacity is about 1,000 sets of electric cables per day. The main consumers of its products are Daimler AG, BMW, and Volkswagen.