KYIV. Feb 18 (Interfax-Ukraine) – The UPEC industrial group, a large private engineering company in Ukraine, will invest around UAH 5 million in the launch of new production of Harvester trailers as part of a joint project with Britain’s Larrington Trailers.
The press service of the group told Interfax-Ukraine, referring to Vice-President for Marketing and Sales Roman Girshfeld, investment will be sent mainly to buy modern metal-processing equipment and introduce solutions and experience of British partners.
The localization of production would allow UPEC to create around 100 new jobs. The full trailer joint production cycle will be started on the basis of Lozova Forging-Mechanical Plant.
Lozova Machinery plan to make 25 trailers in H2 2016 and at least 100 in 2017.
Girshfeld said that the price of trailers made in Ukraine will be 20-25% less than those made in Britain.
He said that new trailers will be of great demand with farmers, as today the loss of harvest due to the use of old machinery during transportation is 5-10%.
Larrington Trailers CEO Richard Larrington said that it is planned to start production of soil processing machinery of Lozova Machinery in Britain.
