Ukraine plans to privatize a strategic enterprise for reconstruction.

At the beginning of 2024, the Cabinet of Ministers may put the Kramatorsk cement plant Pushka up for auction, said Pavlo Kachur, president of the Ukrcement association.

The company was included in a list of 50 companies that are to be sold as part of the large-scale confiscation of Russian assets. The object is considered very promising, given the future reconstruction and the need for cement. In addition, the Pushka’s infrastructure  allows production to begin almost immediately; to operate at full capacity, the equipment needs to be modernized.

According to Kachur, the price will be favorable, given that foreigners will not risk buying an enterprise in Kramatorsk. The investor only needs to build a furnace, which is more accessible than building an entire production site.

“Because if you buy a bare site, you need project approval from all authorities, which takes a lot of time“, Kachur noted.