AXOR Industry, one of the largest manufacturers of hardware for windows and doors in Eastern Europe, has announced an investment of €40 million in its factory in Dnipro. These funds are aimed at launching, expanding, and developing production.
This is reported by Finway
Minister of Economy Yulia Svyrydenko stated that
“In 2011, AXOR built the factory – the initial investment was €25 million. When the full-scale war began, the company not only maintained production but also continued to grow. In 2022-2023, we invested in new production workshops. The total amount of investment now stands at €40 million”
. She also added that the capacity of the factory in Dnipro is 8 million sets of hardware per year, making it one of the largest factories of its kind in the region.
AXOR’s products are exported to 27 countries worldwide, confirming the company’s high-quality standards. The Minister emphasized that AXOR Industry demonstrates through its work that war is not an obstacle to investment, and the private sector of other countries, despite challenges, is ready to invest in the Ukrainian economy.
Currently, the company is showing positive financial results: last year, AXOR Industry’s revenue increased by 5.6%, amounting to ₴627.8 million, while net profit rose by 18.4%, reaching ₴19.5 million.