CRH has invested a total of US$80m in Ukraine since the start of the Russia-Ukraine conflict, according to Guillaume Cavalier, president of CRH in Central and Eastern Europe. This brings the company’s investment in Ukraine over its 25-year history in the country to over US$500m, reports bne IntelliNews.
“Investing in the expansion of production now is crucial to ensure the potential growth of the Ukrainian cement market following its integration into the EU,” Cavalier remarked, highlighting CRH's strategic vision for the country.
The Antimonopoly Committee of Ukraine (AMCU) is currently in the process of deliberating CRH's application to acquire the Ukrainian assets of Italian cement producer Buzzi, including the Volyn-cement and YUG-cement plants. The deal highlights CRH's strategic intent to further consolidate its presence in Ukraine's burgeoning construction materials sector.
