The Kharkiv Tractor Plant, once the largest tractor plant in the Soviet Union, is to receive $100 million in investment

Monday, November 19, 2018
The Kharkiv Tractor Plant, once the largest tractor plant in the Soviet Union, is to receive $100 million in investment

The Kharkiv Tractor Plant, once the largest tractor plant in the Soviet Union, is to receive $100 million in investment, according to Oleksandr Yaroslavsky, owner of the DCH group, which owns the massive plant. Long starved for investment, the plant produced only 794 tractors last year, a low output for a work force of 3,000. Yaroslavsky tells Interfax-Ukraine that under a current, $8 million modernization, 200 model improvements have been made. The first goal is to win back the Ukraine market, then work on regaining lost foreign markets.

Support independent journalism team

Dear Ukraine Business News reader, we are a team of 20 Ukrainian journalists, researchers, reporters and editors who would humbly ask for your support.

Previous post
Weeks before the official start of campaigning, the Presidential election is boosting the advertising industry

Weeks before the official start of campaigning, the Presidential election is boosting the advertising industry

Next post
The presidents of Russia and Turkey inaugurated Monday the offshore section of the TurkStream pipeline

The presidents of Russia and Turkey inaugurated Monday the offshore section of the TurkStream pipeline

Previous Main Topics