Business news from Ukraine

KOVALSKA RESUMES WORK ON CONSTRUCTION SITES

The Kovalska Industrial and Construction Group is resuming work at its own construction sites in the Ukrainian capital, the group’s press service has reported.

“The real estate market is very sensitive to all shocks, but the economy cannot be restored without large business. Therefore, following the gradual resumption of work on industrial assets, we launched all construction sites in Kyiv at once,” the group’s press service cited CEO of Kovalska Serhiy Pylypenko on Friday.

It is noted that work has already begun at facilities along Drahomanova, Berezniakivska and Vavilovykh streets. The work of construction cranes, monolithic and facade work have been launched. Starting May 9, construction work at the Crystal Park Tower and Unit City facilities will resume.

Kovalska has been operating in the construction market of Ukraine since 1956. It unites more than 20 enterprises in the field of extraction of raw materials, production and construction.

Enterprises of Kovalska work in Kyiv, Zhytomyr, Lviv, Kherson and Chernihiv regions. The total number of employees is 5,000 people.

In addition, the group includes Kovalska Real Estate, which is engaged in construction of residential facilities in Kyiv. Its portfolio includes 20 completed residential projects.

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KOVALSKA INVESTS IN LIME PRODUCTION

Kovalska Industrial and Construction Group has invested UAH 200 million in lime burning capacities, the press service of the group told Interfax-Ukraine.The company said that lime kilns were built in Rozvadiv, Lviv region. They will work 24/7, which will create additional 50 jobs. The new lime kilns will be part of the production complex, investments in which have already amounted to EUR 45 million.“We started the creation of a production cluster in Rozvadiv in 2020. It will include a quarry for extraction of high-quality sand, a plant for production of aerated concrete blocks, a plant for production of dry mixes and facilities for burning lime. This will create additional jobs and give additional acceleration to the economy of the entire country,” Director General of Kovalska Group Serhiy Pylypenko said.As reported, in 2020, Kovalska Group acquired an industrial complex with an area of 140 hectares in Rozvadiv, Lviv region. It includes: sand and limestone quarries, shaft kilns for calcining lime, a workshop for production of mineral powder and a plant for production of silicate bricks. Now in Rozvadiv, Lviv region, the construction of a plant for production of dry building mixtures of the Siltek brand is underway. The production capacity of the enterprise will be 150,000 tonnes of mixtures per year.Kovalska Industrial And Construction Group has been operating in the construction market of Ukraine since 1956. It is a leading manufacturer of construction materials, developer and builder of the country.

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KOVALSKA INDUSTRIAL CONSTRUCTION GROUP INVESTS IN MODERNIZATION OF PRODUCTION COMPLEX

Kovalska Industrial Construction Group has invested UAH 80 million in the modernization of the production complex of PrJSC TNC Granit (Korosten district of Zhytomyr region), expects to increase the volume of crushed stone production in the quarry by 20%. “TNC Granit annually produces up to 1.4 million cubic meters of crushed stone. Updating the equipment will increase production by 20% … Kovalska allocated UAH 80 million of investments for the modernization of the quarry. The work lasted nine months. During this time the complex was updated by 30-40%,” the company’s press service said.
In particular, according to its data, 17 units of new equipment were put into operation as a result of the upgrade.
“From now on, our capacities allow us not only to provide the Kovalska group of companies with high quality raw materials, but also sell crushed stone to external partners,” Serhiy Pylypenko, the director general of Kovalska, said.
Kovalska has been operating in the construction market of Ukraine since 1956. It is the leading manufacturer of construction materials, the developer and builder of the country. It combines two quarries and nine factories manufacturing construction materials.
In addition, the group includes Kovalska Real Estate, which is engaged in construction of residential objects in Kyiv.

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