Acting Executive Director of UkraineInvest Oleksandr Melnychenko and CEO of ArcelorMittal Construction Jean-Christophe Kennel signed a memorandum on further support of the investment project by the institution in accordance with the Law of Ukraine “On State Support for Investment Projects with Significant Investments”.
ArcelorMittal Construction intends to invest EUR 40 million in a new construction products production facility. The planned investment will create a state-of-the-art production facility for the manufacture of profiles and insulated panels for building envelopes using ArcelorMittal’s recycled and renewable Xcarb® steel in combination with state-of-the-art insulation rods. The investment is aimed at supporting Ukraine’s recovery efforts during and after the war and will create more than 100 new jobs in the Kyiv region.
“ArcelorMittal Construction is committed to playing a positive role in the recovery of Ukraine. With this investment, we hope to not only rebuild structures, but also restore lives and communities, ensuring a brighter and more sustainable future for all,” said Jean-Christophe Kennel.
“UkraineInvest will support ArcelorMittal Construction, as an investor with significant investments, not only in the preparation and implementation of the investment project, but also in the implementation of a special investment agreement to be concluded with the Cabinet of Ministers of Ukraine, which, if concluded, will provide for a number of preferences for the investor established by law. We will provide the investor with support in communicating with the authorities and the necessary legal assistance. I am grateful to ArcelorMittal Construction for choosing Ukraine as a reliable investment partner,” said Oleksandr Melnychenko.
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