Ukrainian manufacturers of fire and specialized equipment is investing $15M in a new plant.

Pozhmashyna, one of Ukraine’s leading manufacturers of fire and specialized equipment, has announced the construction of a new plant in Lviv. The relevant agreement was signed with the Formatsia Industrial Park in Lviv. The construction of the new enterprise will last for two years, and the total investment amount will be $15M. The company emphasized that this day will go down in history not only for their enterprise but for the entire Ukrainian engineering industry.

“Understanding all military and other risks, we invest in Ukraine, in the development of the state’s industry, in the creation of jobs,” Pozhmashyna noted in a statement.

It is noted that despite the full-scale war, the difficulties of doing business, and the threatening economic situation, the company has not stopped production, reduced staff, or transfered operations abroad. On the contrary, the enterprise is expanding and contributing to the development of the Ukrainian economy.