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Japanese company Fujikura opened the Fujikura factory for the production of automotive components in Yavoriv district, Lviv region. President of Ukraine Petro Poroshenko took part in the ceremony of the opening of the new enterprise, reports a press service of the President. “Let this event be a powerful signal for all potential investors willing to believe in our country,” Petro Poroshenko said and added that 550 new jobs created by the enterprise were only the first stage.

“In the course of the official visit to Japan, I really enjoyed the speech of Fujikura leaders who stated that in any country of the world they did not have so much comfort launching business like in Ukraine, Lviv region,” the President noted after his meeting with CEO of Fujikura Jorge Garcia.

The Head of State also noted that despite the remoteness of Japan, this country “is one of the biggest and most reliable strategic partners”. Japanese help to Ukraine equals almost USD 1.9 billion.

According to the President, after the signature of the Agreement on Association and DCFTA, “we can fully use a unique productive, economic and human potential of Ukraine in order to ensure the best positions for investors”. The President expects the increase of the volume of foreign direct investment in Ukraine.

The Head of State expressed gratitude to Lviv RSA Head Oleg Syniutka for the efforts aimed at creating conditions “for a powerful investor to stay and increase its investment in Lviv region”.

According to the President, Japanese investments in Ukraine are not just the construction of bridges or Bortnychi aeration station as one of the biggest objects of environmental security in Ukraine. “We agreed to use Japanese experience in the management of port infrastructure for the increase of the transit potential of Ukraine. Modern Japanese energy technologies will provide an opportunity to modernize Ukrainian electric energy generating capacities for us to use the Ukrainian coal instead of importing Russian one,” the Head of State noted.

According to the President, in order to increase the volume of investments in Ukraine, we have to improve investment climate, ensure internal stability, peace, return Ukrainian sovereignty to the occupied Donbas, return Crimea and ensure unity of Ukrainians.

The event was also attended by the CEO of Fujikura Jorge Garcia and the Ambassador Extraordinary and Plenipotentiary of Japan to Ukraine Shigeki Sumi.

Fujikura Automotive Ukraine Lviv LLC was founded in November 2013 by the Japanese company Fujikura Ltd for the realization of the investment project in Ukraine in the production of automotive components. The main activity of the company is the manufacture of automotive cables for leading European automotive manufacturers in accordance with Japanese quality standards.

The total volume of foreign investments in the first stage is UAH 87 million, including the construction of an industrial complex for the production of electrical components of 7000 sq. meters, and the construction of the administration building of ​​1800 square meters. During the following two months it is planned to expand production space up to 11 500 square meters and employ 3,000 workers. It is expected that in 2016 the company’s turnover will be up to €40 million, and in 2017 it will increase to €70 million.

Cover photo: facebook.com/andriy.sadovyi

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