Business news from Ukraine

UKRAINIAN SUBSIDIARY SEEKS TO CREATE 2,000 JOBS IN TERNOPIL REGION BY 2018

19 April , 2016  

KYIV. April 19 (Interfax-Ukraine) – Sumitomo Electric Bordnetze – Ukraine LLC (Ternopil region), a manufacturer of wire harness for Volkswagen Concern and fully owned by Japan’s Sumitomo Electric Bordnetze, has started implementing a project on the creation of a production facility in Chortkiv (Ternopil region) as part of production expansion.

According to a posting on the website of Chortkiv town council, in late March 2016 the town council decided to take a land parcel of over 4.8 ha used Chortkiv Agromash Plant and lease it for 49 years for SE Bordnetze – Ukraine.

According to a posting on the website of Ternopil Regional Administration, referring to Governor Stepan Barna, logistics and production facilities and administrative facilities will be built at the first phase of the project realization (2016). Some 1,000 jobs will be created.

The project will be finished in late 2017 with expanding the number of jobs to 2,000, Barna said.

He said that five land parcels in Chortkiv district were offered to the investor.

SE Bordnetze – Ukraine LLC was opened in summer 2006. The projected investment into the project was EUR 5-7 million.

From a pilot project that products small modules, the enterprise has expanded to a powerful plant that produces wire harness for Volkswagen Golf А5, А6, А7, Hybrid, and mass production of wire harness for Audi А4 B9 was launched in 2015.