The largest producer of building materials in North America and Europe has invested $80M in Ukraine during the war.

The CRH group of companies, the largest producer of construction materials in North America and Europe, has invested $80M in Ukraine since the full-scale invasion began, said the president of CRH in Central and Eastern Europe, Guillaume Cavalier. He added that the group’s total investment in Ukraine over 25 years of operation amount to more than $500M.

According to Cavalier, in the context of infrastructure restoration in Ukraine, it is important to use cement produced locally, which will provide jobs and higher revenues for the state budget. Cavalier emphasized that to ensure the potential for growth in the Ukrainian cement market after joining the EU it is important to invest in the expansion of production now.

He notes that the Antimonopoly Committee of Ukraine (AMCU) is currently considering CRH’s application to acquire the Ukrainian assets of Italian cement producer Buzzi – cement plants Volyn-cement and YUGcement.