Ukrainian SE “PA Yuzhmash” is actively looking for new opportunities to load production, expand the geography of cooperation and gain access to new markets.
Witkowitz, a Czech concern that specializes in manufacturing of mechanical engineering equipment, is planning to invest EUR 50 million in Ukrainian Yuzhmash, reads the press release.
Czech concern plans to establish new production facilities on the basis of Yuzhmash. The project is planned to start by the end of 2020.
According to Yuzhmash, the project envisages long-term cooperation, which will result in the creation of authorized service centers for servicing locomotives and diesel engines, as well as a center for the overhaul of wagons and pair of wheel repair.
Yuzhmash is a full-cycle company that has strong branch industries including metallurgy, assembling, testing, welding, casting, forging and machining. The company has mastered and implemented unique technological solutions. The company is the basis of the rocket-space industry in Ukraine.
Witkowitz is one of the biggest Central Europe brands of unique innovative mechanical engineering solutions.
Source: Ukraine Invest