In the city of Kolomyia, in the Ivano-Frankivsk region, the German company, Leoni has launched its first production line of its newly built plant in Ukraine. The company manufactures parts for a number of automobile brands. Ukrainian President Peter Poroshenko was present at the opening ceremony.
The plant, which will produce automobile cables, was opened on Friday, September 29th.
"Imagine, the products that will be produced in Kolomyia will be installed on elite cars such as Audi, Volkswagen, General Motors, Porsche, and Lamborghini," Petro Poroshenko said during his speech at the opening ceremony.
The plant will employ 800 people. However, the company plans to significantly increase production volumes and staff. By 2018 the company plans to increase the number of employees to 2,500. By 2020, the plant will employ 5,000 people in total. The average salary at the plant is 8000 UAH ($308).
The total investment for the first stage of the Kolomyia plant is 16 million euros.
The German manufacturer has plants in 31 countries across the world. In Ukraine, Leoni has already opened a second division. The first one has been operational since 2003 in the village of Nezhukhov, in the Lviv region, and provides work for about 7,000 people.
Earlier, the global company, Nexans, opened another subsidiary plant for the production of cable networks in the Lviv region.