Industrial Aurum group to invest UAH 150mln (USD 6mln) in progress this year

Industrial Aurum group to invest UAH 150mln (USD 6mln) in progress this year

The company made the announcement on its long term development plan

Diversified Aurum group decided to invest UAH 100mln in carriage building and UAH 50mln in its agricultural business, told Aliona Lebedeva the founder of the enterprise.

The funds will be channeled to the incorporated Diesel Factory LLC for the production of the railways freight cars and transferred for operational leasing to still another incorporated TransEnergy LLC.

The company has already allocated UAH 30mln for the modernization purposes of the cast house production.

Aurum group will also actively develop agricultural business in order to establish vertical integration scheme from growing, storage and processing of the food products.

Recently, Aurum group closed deals in IT sector, but the manager did not disclose details.

Aurum group was established in 2016. The group specializes in machine building, railway freight forwarding, production of industrial pumping machinery, chemical production, investment into agricultural companies, as well as real estate. The company exports to the CIS, Middle East, the USA and China.

Diversified Aurum group incorporates 9 companies.

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