Ukrainian Economic Development and Trade Minister Aivaras Abromavicius says Ukraine's government will support the Japanese investor / Photo from fdlx.com
Japanese-based Fujikura, a manufacturer of wire harness and automotive related components, is to invest $6 million in the construction of a plant in Yavoriv district in Lviv region, Ukraine, Fujikura Managing Executive Officer Ichiro Kamada said at a briefing in Kyiv.
"We hope [we'll] be able to become part of Ukraine's economic revival [process] and will grow together," he said.
At the beginning, the plant will employ 300 people with potential personnel growth to 3,000 men, he said.
Fujikura expects that the plant's turnover in 2016 will be $30-40 million.
Ukrainian Economic Development and Trade Minister Aivaras Abromavicius, who was also present at the briefing, pledged that the government would assist the investor as much as it could.
"If you have any proposals or suggestions, you can always contact us," he said.
Abromavicius also said that in future Ukraine might become an attractive country for the location of production facilities with prospects of exports to the European Union.
As UNIAN reported earlier, the Verkhovna Rada on June 3 ratified an agreement between Ukraine and Japan on the promotion and protection of investment.
Ukraine and Japan held consultations to determine what needed to be improved in investment cooperation, namely the investment climate in general, deregulation, conditions of doing business and measures to counter forex-related risks.
In May 2014, Fujikura said that it would launch a project to build its plant after the economic provisions of the Association Agreement between Ukraine and the European Union was signed.