Global building materials giant Kingspan said it will start building its first Ukrainian factory in the middle of this year, at least six months behind its initial projection, after completing the cumbersome bureaucracy needed to prep a $300 million project in Ukraine.
"We are very close now to actually getting physically stuff done," Mike Stenson, project director for Kingspan, said Thursday. "Subject to a couple of internal things, we will start building the first factory in July or August of this year, and then have it ready 15 to 18 months later."
Stenson first detailed plans for the multi-factory manufacturing campus a little over a year ago in an interview with Ukraine Rebuild News. At the time, the cost was projected at $280 million and construction was expected to begin in Q4 of 2024.
