AXOR Industry’s total investment in launching, expanding, and developing its factory that produces window and door hardware in Dnipro has reached €40M.
According to Minister of Economy Yulia Svyrydenko: “In 2011, AXOR built a factory – at that time, the initial investment was €25M. When full-scale war began, the company not only maintained production but also continued to develop. In 2022-2023, they invested in new production facilities. Currently, the total amount of investment is €40 million.”
The Dnipro factory’s capacity is eight million sets of hardware annually, making it one of the largest factories of this type in Eastern Europe.
The minister highlighted that AXOR Industry demonstrates through its work that war does not equate to an embargo on investment. Private sectors in other countries, despite the current challenges, are ready to invest in our country right now, she added.
Last year, AXOR Industry increased its revenue by 5.6%, reaching ₴627.8M, and its net profit by 18.4%, amounting to ₴19.5M ($0.5M).