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“Aurum Group” plans to invest up to 100 m hrn. in car building and up to 50 m hrn. in agribusiness in 2018

A multibusiness industrial investment group “Aurum Group” plans to invest in the development of a wide range of economic branches in 2018 in order to enhance competitiveness, in particular, as much as 100 million hryvnias – in the development of car building and as much as 50 million hryvnias – in the development of agribusiness, according to the press release of the group.

“According to a long-term development strategy of Aurum Group, this year we plan to invest about 100 million hryvnias in the development of private railway rolling stock fleet in order to minimize an existing acute shortage of gondola cars and grain carriers,” citing the founder of the group Alona Lebedieva in the press release.

According to her, funds will be allocated for building new rail freight cars hosted by LLC “Dyzelnyi plant”, which will be taken over by a leasing company LLC “Trans Energy” in future.

The press release also says that it has been already allocated 30 million hryvnias for technical re-equipping of foundry production due to which automatic moulding production line has been purchased and is about to be installed by means of cold hardening mixtures produced by Omega Foundry Machinery Ltd (Great Britain).

“The modernization of foundry production of the group will make it possible to produce a high precision casting with high productiveness, while the production cost is going to be reduced. In addition, this line will be able to satisfy needs of rail car manufacturing plant “Dyzelnyi plant” regarding the production of average car casting, for example, such parts as front draft lugs and rear draft lugs. In due course the plant plans to cast other range of products,” clarified Alona Lebedieva.

She has also reported about the intention to develop agribusiness, a new direction for the group, more actively this year, where as much as 50 million hryvnias is planned to be invested. In particular, the whole production network is planned to be built starting from cultivation, storage and processing of agricultural products.

As Alona Lebedieva specified, if before 2018 “Aurum Group” has been growing only cereals and a range of niche crops (flax, mustard and millet), then taking into consideration the market conditions and in accordance with the Strategic development of the group, this year efforts will be put into the development of its own high-value-added product this year.

Besides, according to the founder of the group, transactions on investments in national IT-projects are at the stage of completion without revealing details.

“Ukrainian IT-specialists are in high need of extra financing and we plan to invest in a range of such projects this year. I will be delighted if our participation can help to retain talented youth in the country”, mentioned the founder of Aurum Group.

Aurum Group was registered in late 2016. The main areas of activity are machine-building, rail freight shipping, industrial pump engineering, chemical industry, property investments and agricultural sector. Currently, the company exports its products to CIS countries, Middle East, the USA and China.

Aurum Group employs about 1,500 specialists, the annual turnover is more than 1.5 billion hryvnias and the annual amount of taxes and fees paid exceeds 50 million hryvnias. At present, the assets of Aurum Group are being consolidated.

Aurum Group manages in the transportation field the companies “Aurum Trans”, “Trans Energy”; in car building and repair field – JSC “Verkhnedneprovsk machine-building plant”, “Agregatbud”, LLC “Inter Car Engineering”, LLC “Dyzelnyi plant”; in industrial pumping filed: PJSC “Svesky pumping plant”, in chemical industry field – LLC “Lizinvest” and “Ukrkomlekt plus”.

 

interfax.com.ua