The Ukrainian window and door hardware manufacturer AXOR Industry continues to grow and demonstrates sustained investment activity even during the war. The total amount of the company’s investments in the launch, expansion, and modernization of its plant in Dnipro has reached 40 million euros, reported Economy Minister Yulia Svyrydenko.
This is reported by Business • Media
Production Development and Export
“In 2011, AXOR Industry built its plant – the initial investments amounted to 25 million euros. Even during the full-scale war, the company not only preserved production but also continued to develop it. In 2022–2023, funds were invested in new production workshops. To date, the total amount of investments is 40 million euros,” noted Yulia Svyrydenko.
The plant in Dnipro has a capacity of about 8 million sets of hardware per year, making it one of the largest enterprises of its kind in Eastern Europe. AXOR’s products are exported to 27 countries worldwide, indicating a high level of competitiveness for the Ukrainian manufacturer in the international market.
Business Stability and Investment During the War
“AXOR Industry demonstrates through its actions that war is not an obstacle to investment. The private sector from other countries, despite the challenges, is ready to invest in the development of the Ukrainian economy right now,” emphasized the minister.
Last year, the company also showed positive dynamics: its revenue increased by 5.6%, amounting to 627.8 million hryvnias, while net profit rose by 18.4% to 19.5 million hryvnias. This confirms the resilience of the business and its high potential for further growth.