The €200 mln Saoirse project was announced by Kingspan in June 2022. Mike Stenson, head of Kingspan’s investment project in Ukraine, presented the details at the FIT for Ukraine: Building Materials online forum.
“The name of the project means freedom from oppression in Gaelic. It is an appropriate project name for what we are doing here. The idea is to develop the campus in Western Ukraine, working very closely with UkraineInvest,” he said.
Kingspan and UkraineInvest signed a Memorandum on Cooperation with the regard of implementation of the investment project with significant investments under the Law “On Investment-Nanny”
According to Mike Stenson, Kingspan has an active presence in Eastern Europe, with 9 factories in Poland, 2 each in Slovakia and the Czech Republic and 3 in Hungary. “We will support the next phase of business growth in Central and Eastern Europe and act as a beachhead for the further development of Kingspan’s business in Ukraine,” he emphasized.
Large-scale production in the Lviv region will help meet domestic demand for energy-efficient building materials in Ukraine, as well as providing high value-added export products that will support the Ukrainian economy.”We will assist with the reconstruction of the Ukrainian economy,” Mike Stenson assured.
The new building technology campus is expected to be fully completed within 5 years. Kingspan’s Building Technology Campus in Ukraine will manufacture advanced insulation products and district heating solutions.
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