Kingspan is to invest €200m in a new Building Technology Campus in Ukraine

Kingspan, the global leader in advanced insulation and energy-efficient building solutions, is to invest €200m in a new Building Technology Campus in Ukraine. Site is to be constructed over next five years, in excess of 600 jobs to be created. This was announced by representatives of the company following a visit to Ukraine.
The UkraineInvest team provides the company with all necessary organizational and consulting support for investment project preparation.
“This investment sits at the crossroads of three crises: the climate crisis, the energy security crisis, and the crisis caused by the Russian war against Ukraine. The new Building Technology Campus we are planning will make positive contributions on all three fronts, supporting Ukraine as it rebuilds its economy, meeting demand across central and Eastern Europe for energy efficient buildings, and helping Europe to reduce reliance on oil and gas imports,” – said Gene Murtagh, CEO of Kingspan Group, commenting from Kyiv.
According to him, the ambition is for the development process to begin immediately under appropriate security conditions. Kingspan has appointed a project team to identify a suitable site, likely to be in the west of the country.
“Despite the active phase of hostilities, Ukraine is showing an extraordinary result in terms of attracting investment. Such a significant investment is not only important in terms of the country’s economic development, but is also a strong signal to other foreign investors,” – said UkraineInvest Executive Director Sergiy Tsivkach.
Ukraine’s Foreign Minister Dmytro Kuleba, in turn, called on international business to follow the example of Kingspan by withdrawing completely from Russia and relocating their businesses to Ukraine. This will benefit both: a company’s standing and its long-term strategy.
Kingspan Group companies are active in over 70 countries and employ in excess of 19,000 people in more than 198 manufacturing facilities. On April 5, Kingspan announced it had completed its exit from the Russian market. Russia accounted for less than 1% of Kingspan’s global operations. Kingspan has also donated $750,000 to UNICEF for the setup of five Blue Dot Centres to assist refugees on the Ukrainian border.

One of the most powerful ways to communicate that foreign businesses can and do operate successfully in Ukraine is through the voices that matter most to potential investors – those of other businesses.
We would like to invite you and your company to be featured on UkraineInvest’s web site as a “success story” of a foreign business operating in Ukraine.

Error: Contact form not found.