Home » Irish manufacturer to build €200m construction tech hub in Ukraine

Irish manufacturer to build €200m construction tech hub in Ukraine

by Sion Geschwindt
Irish manufacturer to build €200m construction tech hub in Ukraine

Irish insulation and building materials manufacturer Kingspan has announced plans to invest €200m in a new construction technology hub in Ukraine.

The new site will be constructed over the next five years and it is expected to create more than 600 jobs.

Kingspan plans to manufacture advanced insulation and district heating products at the new facility.

Gene Murtagh, CEO of Kingspan, said the new investment in Ukraine sits at the crossroads of three crises – the climate crisis, the energy security crisis, and the crisis caused by the Russian war against Ukraine.

Murtagh added: “The new Building Technology Campus we are planning will make positive contributions on all three fronts, supporting Ukraine as it rebuilds its economy, meeting demand across central and Eastern Europe for energy efficient buildings, and helping Europe to reduce reliance on oil and gas imports.

“The ambition is for the development process to begin immediately – subject to appropriate security conditions – with the facility expected to be fully complete within five years.

“Kingspan has appointed a project team to identify a suitable site, likely to be in the west of the country, and is liaising with the Ukrainian Government to this end.”

Ukraine’s Foreign Minister Dmytro Kuleba said the country’s goal is not solely renewal and rebuilding of the destruction caused by Russian aggression but also the creation of a completely new, modern, and innovative economy leveraging leading urban development expertise and green technologies.

“For this reason, based on President Volodymyr Zelenskyy’s vision, we created the Recovery Plan for Ukraine, and Kingspan’s project meets both the spirit and the goal of our plan,” the Minister added.

On April 5, Kingspan announced it had completed its exit from the Russian market and divested its operations to local management.

Image: IKON, Kingspan’s global innovation center in County Cavan, Ireland (credit: Kingspan).

Read next: Contractors reveal impacts of Ukraine war in new report

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