Manufacturer of cable products for the Volkswagen Group Ltd. “Sumitomo Electric Bordnettse – Ukraine” (. Ternopil region) belonging to the Japanese Sumitomo Electric Bordnetze, opened the first of a new production site in the town of Chortkiv (Ternopil Oblast, Ukraine.), According to Interfax-Ukraine.

It is noted that 100% of the Ukrainian company owned by the Japanese Sumitomo Electric Bordnetze. According to
President of Ukraine Petro Poroshenko, is present at the opening, the investor is willing to continue to invest in Ukraine.

At the end of March this year Chortkivsky city council has decided to remove from use Chortkivskogo plant Agromash land area of ​​over 4.8 hectares and pass it on lease for 49 years Sumitomo Electric Bordnettse – Ukraine.

In the first phase of the project (2016), the construction of logistics and production, and administrative and service areas has been planned and the creation of one thousand. Jobs, and by 2018 to increase their number up to 2 thousand.

Sumitomo Electric Bordnettse – Ukraine was opened in the summer of 2006 in Ternopil region s.Baykovtsy Japanese Sumitomo Electric Bordnetze – the world’s leading manufacturer of cable products. Estimated investment in the project amounted to EUR5-7 million.

Sumitomo Group – one of the largest Japanese corporations. The group consists of companies in the financial sector, engineering industry, electrical industry, ferrous and nonferrous metallurgy, and many others.