- A $100M plant will be built in Drohobych, Ukraine, covering 500,000 square meters.
- The plant will produce next-gen plastic guardrails for European markets.
- Construction starts in March with 100 production lines.
- Initial revenue is projected at $1.19B.
Investment and Development
The Ukraine’s State Finance Institution for Innovations (SFII) and Caris group have signed a Memorandum of Agreement (MoA) to develop a full-scale factory in Ukraine for the production of next-generation plastic guardrails. The project’s development cost will exceed $100 million, with Caris transferring its patented and certified technology to Ukraine. The future factory will exclusively serve all European markets, and the joint venture (JV) will be managed by Caris with a 51 percent stake.
Production and Operations
The factory, named Caris Ukraine Rail, will operate with 100 production lines and will be constructed starting in March. The plant will be built on a 500,000 square meter site in Drohobych, Ukraine. The initial investment of $100 million is expected to generate a fixed revenue of 1.4 trillion won ($1.19 billion).
Strategic Goals
This investment follows Caris’ previous announcement of a 1.6 trillion won order for road infrastructure projects in Ukraine last year. Caris’ CEO Yu Cheol stated that the latest deal will serve as a springboard for the company’s entry into the European market, which is valued at 30 trillion won in its key business area. The investment from the SFII is expected to continue over the next five years.
