Finnish Peikko Group Opens a Factory in the Bila Tserkva Industrial Park
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.