KTD Group importing and producing household appliances (Saturn, Kupava trademarks) seeks to open a new refrigerator plant in the first half of 2017 in Cherkasy, the press service of Cherkasy Regional Administration has reported.

KTD Group President Oleksandr Hromyko gave this information at the Cherkasy Investment Forum held last week.

"We do not see obstacles for business in Cherkasy region now. They really love investors and create hothouse conditions for them. When we decided to start a new investment project to produce refrigerators in Cherkasy, we simply wrote a letter to the Regional Administration and were surprised with the quick reaction," the press service said, citing Hromyko.

It is planned to create 500 new workplaces at the plant. According to the Business weekly, investment in the project will total $25 million.

The company said that it recently started the full reconstruction of a large plant in Cherkasy.

KTD Group has been operating on the household appliances market for 19 years.