A German manufacturer of construction materials receives investment insurance and €12M to construct a second plant in Ukraine.

Fixit Gruppe will receive a €12M loan from German bank KfW for a new project in Ukraine, and the German government will provide guarantees, said Prime Minister Denys Shmyhal.

According to him, Ukraine wants German businesses to invest in the country, particularly in reconstruction, and several agreements will be signed within the framework of the sixth German-Ukrainian Economic Forum. Insurance guarantees will be given against the destruction of production facilities belonging to German companies in Ukraine from missile strikes.

In Ukraine, Fixit Gruppe is represented by the company, KREISEL – Building Materials LLC, which has a factory in Fastov that produces building mixtures, paints, and other construction products.

In April, the German Minister of Economy, Robert Habeck, announced the first investment guarantees for German companies in Ukraine, mentioning Fixit and Bayer.