16:21 14.12.2016

Sumitomo Electric Bordnetze-Ukraine opens new plant in Chortkiv

2 min read
Sumitomo Electric Bordnetze-Ukraine opens new plant in Chortkiv

Sumitomo Electric Bordnetze-Ukraine (Ternopil region), a manufacturer of cable products for Volkswagen Concern, and 100% in which is owned by Japan's Sumitomo Electric Bordnetze, has opened the first stage of a new production site in Chortkiv (Ternopil region) with the participation of President of Ukraine Petro Poroshenko.

"When it was decided that the new production will be in Chortkiv and there was nothing, nobody believed that in December the plant will be launched and 500 new jobs will be created, and in 2018 their number will exceed 2,000. In March [the investor] was transferred Agromash plant, and there was only wind here, there were no walls, only ruins, and those who come here, including Audi representatives, thought nothing will happen. But the uniting of the potential of Ukrainian, German and Japanese investments have done their job," the president said at the opening ceremony.

He said there is an agreement with the investor regarding increasing wages to the employees.

"We discussed with the investor what wage will be. First we talked about UAH 3,800-4,000. But no, it will be up to UAH 6,000! And we agreed that by the end of the year we'll raise it by another 15% - and this will be a gift from the president," Poroshenko said.

He said the investor is ready to continue investment in Ukraine.

Sumitomo Group is one of the largest Japanese corporations. The group consists of companies working in the financial sector, engineering industry, electrical industry, ferrous and nonferrous metallurgy, and many others.

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