CEMARK (CRH Group) Director of Strategy and Development, Mykhailo Bechkalo, is confident that CEMARK will play a big role in the reconstruction of Ukraine. Mr Bechkalo believes that the cement industry is a strategically important sector for recovery. He spoke about this in a new material for the Ministry of Finance.
“Significant investments are needed to modernise part of the industry and meet market needs. CRH is a leading global provider of building materials solutions. Operating under the Cemark brand, CRH has been a loyal investor in Ukraine for the past 25 years. During this time, the company has invested more than US$500m in Ukraine. After the full-scale invasion began, we continued to invest in our cement plants, acquired Astor concrete plants and built a modern cement shipment terminal in the Kyiv region. This terminal and the plants we are actively modernising will play an important role in the reconstruction and underline CRH's long-term plans in Ukraine,” said Mr Bechkalo.
International companies continue to invest in Ukraine in the face of a full-scale invasion. According to the KSE Institute, 43 global companies have become investors over the past two years, and another 12 have announced plans to invest and expand support.
Ukraine remains a promising market due to the following factors: proximity to the EU, trade liberalisation, development and renewal of energy for domestic needs and future exports. Therefore, according to the National Bank, in 2023, foreign companies invested US$4.25bn in the economy, which exceeds the amount of investment in 2016 and 2017.
