Over 2018 Aurum Group plans to invest in the development of a wide range of economic branches in order to enhance the competitiveness of the national product in international markets, develop an export potential of the country and manufacture high-value-added products. Participation of group enterprises in the development of local communities is one of primary targets of this year.
As reported by the founder of Aurum Group Alona Lebedieva.
“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,” reported Alona Lebedieva. 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.
Aurum Group has already allocated 30 million hryvnias for technical re-equipping of foundry production, viz. automatic moulding production line is about to be installed by means of cold hardening mixtures produced by Omega Foundry Machinery Ltd, the head office of which is in Peterborough, 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” of Aurum Group 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.
Besides, Alona Lebedieva mentioned that more active development of agribusiness is planned this year, which is new for the group. In particular, the company plans to build the whole production network starting from cultivation, storage and processing of agricultural products. The founder of Aurum Group specified that the company had been growing only cereals and a range of niche crops, such as flax, mustard and millet before 2018. However, taking into consideration the market conditions and in accordance with the Strategic development of Aurum Group, the company intends to shift focus on and put efforts into the development of its own high-value-added product this year. Aurum Group plans to allocate 50 million hryvnias for these purposes.
According to the founder of the group, currently, operations on investments in national IT-projects are at the stage of completion. “Ukrainian IT-specialists are actively developing their projects and are in high need of extra financing. This year we plan to invest in a range of such projects. I will be delighted if our participation can help to retain talented youth in the country”, mentioned the founder of Aurum Group.