State agency UkraineInvest will provide support to Kingspan’s $220M investments project.

According to the head of UkraineInvest, Sergiy Tsivkach, both parties have signed a memorandum, with the support of the government agency responsible for implementing investment projects, that allows Kingspan to construct a $220M production plant. The global company Kingspan plans to build a modern campus in the Lviv region to produce construction materials that will be supplied to Ukrainian and European customers. After choosing a site and going through the necessary procedures, Kingspan will start construction and quickly establish the production of modern building materials. “As a result of the project’s implementation, at least 600 people will be employed”, said the Kingspan Campus Project executive director, Mike Stenson.