Kyiv, August 14, 2024. — Peikko Group Corporation has signed an agreement with the Bila Tserkva Industrial Park to construct a turnkey factory for the production of concrete connections and composite structures. The future facility will cover an area of 2,400 square meters. The factory is expected to produce goods for the Ukrainian market and become part of long-term projects and initiatives in the country’s post-war recovery.

Finnish Peikko Group is a leading global supplier of slim floor structures, wind energy systems, and connection technologies for monolithic concrete slabs in both precast and in-situ construction. Peikko Group has offices in 30 countries across the Asia-Pacific region, Europe, Africa, the Middle East, and North America, with manufacturing facilities in only 12 of those countries. In 2023, Peikko’s annual turnover amounted to 262 million EUR.

In 2023, Peikko became the first Finnish company to invest during the full-scale invasion, first by opening an engineering and sales office in Kyiv, and then by committing to build a factory in Bila Tserkva. This move highlighted Peikko’s commitment to European values and its support for Ukraine.

Topi Paananen, CEO of Peikko Group, stated that the need for reconstruction and the opportunity to contribute to rebuilding a country devastated by war were key factors that motivated the company to invest in Ukraine.

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Expectations are high, but we must be realistic. In a country at war, the situation can change multiple times. Nonetheless, we expect to serve local customers and the construction market both during the conflict and in peacetime, whatever the situation may be next year. I encourage other Finnish companies to take calculated risks in Ukraine, as this is one way to demonstrate commitment to Ukraine—being present, employing local people, and showing interest in the development of this country,» Topi Paananen, said.

All Peikko Group factories are certified and equipped with modern automated production lines, enabling the high-speed and precise manufacturing of large volumes of products. The factory within the industrial park is expected to create at least 30 jobs for the Bila Tserkva community.

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The Peikko brand is well-recognized within the construction industry. Its solutions are applied across various real estate sectors, helping to reduce labor requirements on construction sites and enhance the quality of construction work. Given the current situation, where labor resources are limited, these solutions can positively impact the speed of construction and reconstruction in Ukraine. Therefore, we plan to use these solutions in the construction of facilities within the industrial parks, which will create a synergistic effect and serve as a win-win collaboration between our companies,» Andriy Ropitskiy, CEO of the Bila Tserkva Industrial Park, said.

ADDITIONAL INFORMATION

The ‘Bila Tserkva’ industrial park, included in the register of industrial parks on April 13, 2018, and the ‘Bila Tserkva 2’ industrial park, included on October 4, 2018, are projects of the UFuture holding company. The goal of these industrial parks is to create infrastructure and conditions for sustainable industrial development in Ukraine. The parks offer industrial land with all engineering and transport infrastructure, as well as modern production and warehouse buildings and logistics complexes for rent or purchase.

Peikko Group Corporation’s innovative solutions offer a faster, safer, and more sustainable approach to design and construction. Peikko is a family-owned company employing around 2,000 specialists. Founded in 1965, the company is headquartered in Lahti, Finland.

Kyiv, August 01, 2024. — The initiator of the ‘Bila Tserkva 2’ industrial park signed an agreement with the managing company ASTROBUILD LLC. This agreement finalized the consolidation of the management of assets from both industrial parks – ‘Bila Tserkva’ and ‘Bila Tserkva 2’. ASTROBUILD LLC will now manage the functions for both parks, aiming to create a more efficient management mechanism by centralizing services and improving operational efficiency.

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The challenges facing businesses today require more flexible responses, active involvement in the change process, cost reduction, synergy, and new approaches to attracting investors. This consolidation aims to create a more efficient mechanism for managing the asset portfolio of the ‘Bila Tserkva’ and ‘Bila Tserkva 2’ industrial parks. Through consolidation, certain service and management functions will be centralized, enhancing the synergy between the two parks and improving their operational efficiency,” Andriy Ropitskiy, CEO of the ‘Bila Tserkva’ industrial park, said.

The criteria for effective management of industrial assets are defined in the business plans of the industrial parks.

The full development of the ‘Bila Tserkva 2’ industrial park is expected to create over 1,100 new jobs with an annual payroll exceeding 400 million UAH. The total investment for its complete development and operation will amount to approximately 154.9 million USD. In terms of 1 ha of industrial park territory, it is from 4.5 to 6.6 million dollars. USA, depending on the stage of development of the park, which corresponds to the best practices of the development of industrial real estate. Once fully developed, the park will generate up to 30 million UAH annually in taxes and fees for the Bila Tserkva community. To achieve this indicator, in 2024, the first resident was attracted, and work began on preparing the industrial site for new construction.

The business plan for the ‘Bila Tserkva’ industrial park, where only 33% of the land plots (12 hectares) remain available for rent or sale, has not undergone significant changes. There are 41,000 square meters of production and warehouse facilities built on the developed territory of the park, attracting 14 residents, including Unilever, InTiCa Systems, Pripravka, and other companies. Nearly 50 million USD has been invested in the development of the ‘Bila Tserkva’ industrial park. The development plan includes constructing an additional 52,000 square meters of industrial buildings and attracting another 47.5 million USD in investments.

ADDITIONAL INFORMATION

The ‘Bila Tserkva’ industrial park, included in the register of industrial parks on April 13, 2018, and the ‘Bila Tserkva 2’ industrial park, included on October 4, 2018, are projects of the UFuture holding company. The goal of these industrial parks is to create infrastructure and conditions for sustainable industrial development in Ukraine. The parks offer industrial land with all engineering and transport infrastructure, as well as modern production and warehouse buildings and logistics complexes for rent or purchase.

ASTROBUILD LLC is a professional developer with the relevant expertise and experience in industrial real estate projects. Since its establishment in 2019, the company has developed over 10 hectares of industrial land and commissioned more than 12,000 square meters of production and warehouse space.