Business for reconstruction: Finnish company launches a plant for the production of building materials
25 April 2025 08:49
on April 24, the Finnish company Peikko Group Corporation officially announced the commissioning of an industrial building for the future plant for the production of concrete joints and composite structures at the Bila Tserkva Industrial Park. This was announced by the Deputy Chairman of the Verkhovna Rada Committee on Economic Development Dmytro Kysylevsky, "Komersant Ukrainian" reports.
The equipment will be delivered and installed in May, after which the plant will start producing products for the construction industry.
Peikko Group Corporation’s planned investment in the launch and development of the new plant is EUR 3 million over 2 years. The company will create about 50 jobs.
It is reported that Peikko Group Corporation has production facilities in 12 countries. Since 2023, the company has been represented in Ukraine by its subsidiary Peikko Ukraine, which participates in infrastructure reconstruction projects.
The production of building materials in Ukraine is of particular interest to investors
It has recently become known that the Irish company Kingspan, a world leader in building solutions and thermal insulation materials, is starting to build an innovation campus near Lviv. The amount of investment that the Irish company plans to invest in the project is 280 million euros. It is expected that 750 new jobs will be created.
A German industrial consortium led by Vollert Anlagenbau GmbH announced the launch of a project in Ukraine to build a network of high-tech plants for the production of precast concrete structures using the most modern German conveyor technology.
The German side also announced its intention to transfer to Ukraine a technology for processing construction waste generated by the destruction of residential buildings for reuse in new construction/renovation. The total investment will amount to EUR 165 million.
The products of such companies will help rebuild Ukraine
90% of the construction materials needed for reconstruction can be produced in Ukraine. To do so, Ukraine should focus on attracting investment in the construction materials industry. This is the conclusion of analysts at the Kyiv School of Economics. Last year, they presented a comprehensive study of Ukraine’s construction industry.
Experts assessed the impact of the war, the extent of infrastructure damage, and the amount of investment in the industry needed to rebuild.
In total, KSE estimated that about $65 billion would be needed for construction materials alone to rebuild Ukraine.
More than 90% of the capacities that exist today and can be developed will be able to ensure the restoration of the planned facilities.
As of the middle of last year, foreign and Ukrainian investments in the development of the construction materials industry were estimated at more than $730 million despite the war.
Among the active investment projects being implemented in Ukraine, experts from the Kyiv School of Economics mentioned:
– EFI Group, a Ukrainian investment company that plans to build the first Novasklo plant in Ukraine for the production of float glass and specially coated glass, with an investment of about 232 million euros.
– The French group Saint-Gobain, which at the end of last year already opened a new plant for the production of dry building mixtures in Ivano-Frankivsk region. The investment amounted to EUR 9 million.
Other investors include Kreisel (5 million invested and 10 million planned), MC-Bauchemie (plans to invest 1.5 million), GreenMix, and Miroplast.
As a reminder, according to the World Bank, the cost of rebuilding Ukraine is estimated at over $400 billion, excluding the temporarily occupied territories and Crimea.
