Businessman Yaroslavsky plans to launch Kharkiv Tractor Plant from 2017

17:34, 20.10.2016 1 min read

DCH Group owner and president Oleksandr Yaroslavsky plans to resume the work of Kharkiv Tractor Plant from the beginning of 2017.

"I cannot now voice the exact timing of the resumption of the plant's operations... We have all the levers for this. We have only to finish all our court cases... I hope next year we will launch the plant," Yaroslavsky said at a briefing in Kharkiv.

As reported, complex reorganization measures are being held at the plant to resume its work. A number of services have started work, economic ties with suppliers and partners are being resumed.

As reported, Yaroslavsky will become virtually the sole owner of Kharkiv Tractor Plant after he buys a stake of around 29%, which the Austrian investor refused, and concentrates 91.76% of the shares.

According Yaroslavsky, the remaining 8% of the shares is owned by about 20,000 minority shareholders.