As the Frankfurter Allgemeine Zeitung notes, the Swiss corporation, Nestlé, plans to invest €40M in the expansion of an instant noodle factory. The Irish company, Kingspan, will build a new plant in Ukraine worth €200M within five years. The German giants Bayer AG and Fixit have also announced million-dollar investments. The Philip Morris tobacco corporation recently announced its intention to build a new $30M cigarette factory near Lviv.
“This investment is a signal of confidence in the Ukrainian economy,” said the president of the European region of Philip Morris International.
According to the publication, many German companies are also on alert. For example, Knauf, the building materials manufacturer, lost its facility in the Donetsk region, in which it had invested €200M. Knauf plans to build a new factory in Ukraine and is considering participating in reconstructing social facilities.