BUSINESS NEWS

INDUSTRIAL OUTPUT: Kharkiv Governor Svitlychna says tractor plant reboot remains on track

Kharkiv Regional Administration Head Yulia Svitlychna says investor Oleksandr Yaroslavsky is meeting commitments to restore operational capacity at city’s iconic tractor factory

INDUSTRIAL OUTPUT: Kharkiv Governor Svitlychna says tractor plant reboot remains on track
The Head of the Kharkiv Region State Administration Yulia Svitlychna with plant employees
Business Ukraine magazine
Wednesday, 07 June 2017 20:59

The Head of the Kharkiv Region State Administration Yulia Svitlychna paid a visit to the Kharkiv Tractor Plant on 7 June to assess progress since production restarted following last year’s standstill.

The Kharkiv Governor said new plant owner Oleksandr Yaroslavsky was meeting targets set for the reboot of the iconic industrial facility. “Due to the support of the President of Ukraine and the investor, we have been able to launch the legendary Kharkiv Tractor Plant. We can now say with confidence that there are orders, there will be work, and we can look to the future with confidence. The enterprise is working and developing in the right direction,” commented Governor Svitlychna.

According to Kharkiv Tractor Plant Director General Andriy Koval, the plant established a new monthly record in May for the production of spare parts. Output reached more the UAH 14 million worth of spare parts, with additional sharp increases recorded in overall production and sales. Mr. Koval attributed this improved performance to recently introduced innovations designed to update the plant’s operations. “We aim to increase internal efficiency and are witnessing progress in all directions. This is reducing production costs and creating a climate for higher wages,” he said.

Kharkiv Tractor Plant is one of the most famous industrial giants in Ukraine. Dating back to 1930, the plant went on to play an iconic role throughout the Soviet era. Thanks to decades of exports throughout the world, the Kharkiv Tractor Plant remains one of the most internationally known Ukrainian brands. The plant went through a difficult period in 2016 but is now under new ownership and pursuing a strategy of reestablishing its prominent positions on both domestic Ukrainian and international markets. Kharkiv Tractor Plant owner Oleksandr Yaroslavsky has a record of reviving Ukrainian industrial enterprises together with his DCH Group.  

Business ukraine current issue

Business Ukraine magazine issue 06 /2017

Business ukraine reader survey

Which Ukrainian city is best placed to develop as an international tourism destination?
Which Ukrainian city is best placed to develop as an international tourism destination?
You must select at least one item to vote!

Social media