Business news from Ukraine

GERMAN-JAPANESE ENGINEERING COMPANY SUMITOMO ELECTRIC BORDNETZE WILL OPEN ONE MORE AUTOMOBILE WIRING PLANT IN UKRAINE

The German-Japanese engineering company Sumitomo Electric Bordnetze (SEBN) plans in two months to open the first stage of a plant for production of automotive electrical wiring in the premises of Khmelnytsky Mechanical Plant purchased by the investor. According to the website of Khmelnytsky Regional State Administration, today some of the premises have been repaired, there is already the management of the plant, employees are being hired. According to SEBN representatives, it is planned by the end of the year to create 500 new jobs, and with the expansion of production their number will grow to 2,000 people.
“PrJSC Khmelnytsky Mechanical Plant was included in the list of debtors, but with the assistance of local authorities it became possible to resolve the issues and sign an amicable agreement, which contributed to the rapid purchase of the object by Sumitomo Electric Bordnetze,” the report says.
As reported, Sumitomo Electric Bordnetze, the cable network manufacturer for Volkswagen Concern, opened the first Sumitomo Electric Bordnetze-Ukraine plant in the village of Baikivtsi in Ternopil region (the number of employees is 4,400) in 2006.

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