German abrasive products producer Klingspor decided to relocate some of its production from France to Velyki Mosty in Ukraine. The German company has invested more than EUR 7mln during last four year in Ukraine. Klingspor built production, logistics and administrative buildings with a total area of 6,700 square meters. Klingspor created 200 job places in the town.
The company produces more than 50 000 items for finishing surfaces and cutting off materials.
German Klingspor started back 1893 in Germany. It registered Klingspor LLc in Ukraine in 2008. The company posted a net profit of UAH 19mln increasing revenues by 33% y/y to UAH 230mln in 2016.
