Czech company Sweetondale has bought three Ukrainian insulation materials plants from Russia’s Technonikol.

Czech company Sweetondale has bought three Ukrainian insulation materials plants from Russia’s Technonikol. Located in Cherkasy and Kamianske, Dnipropetrovsk region, the plants’ production accounts for 41% of Ukraine’s market for mineral-based thermal insulation, Tikhomir Lilovich, executive director of Sweetondale, tells reporters. Over the next year, Sweetondale plans to invest $4 million to increase production at the Techno plant in Cherkasy.