Japanese company to build auto spare parts facilities in Ukraine

The Japanese company “Fujikura” announced intentions to open a new factory for the production of components for cars in Yavoriv district of Lviv region.

Minister of Economic Development of Ukraine Aivaras Abromavicius announced this after meeting with Ichiro Kamada, CEO of Fujikura Automotive Europe.

As noted, the first stage of the investment is capital of € 6 mln and creation about 300 new jobs and 3000 new jobs during next three years.

Representatives discussed factory’s development plans in Ukraine.

“We expect that by the end of 2016 the turnover of the enterprise will be up to 40 mln EUR, and by 2017 it will be up to 70 mln EUR. If the business develops well, we will expand our production capacity,” said I.Kamada.

Sadko Consulting find vastly positive that location of such high tech production is happening in Ukraine. It must be the signal for other foreign direct investors to precisely consider Ukraine as the field of opportunities.