Finnish Peikko will soon launch a €3M building materials production plant in the Kyiv region.

On April 24, the Finnish company, Peikko Group Corporation, officially announced the commissioning of an industrial building for a future plant that will produce concrete compounds and composite structures in the Bila Tserkva industrial park in the Kyiv region. The import of equipment will continue throughout May, after which the company will begin manufacturing products for the construction industry.

Peikko Group will take advantage of tax and customs incentives provided by law for participants in industrial parks –which includes exemption from VAT and import duties for imported equipment. The total investment will amount to €3M over two years. The plant will generate about 50 new jobs. The company has been operating in Ukraine through a subsidiary since 2023, participating in infrastructure reconstruction projects.

Despite the ongoing war, industrial parks continue to develop and attract investment, serving as a concrete example of how the Made in Ukraine policy encourages investment.