UkrOboronProm Forms New Enterprise With US Based Delphi Corp

Ukraine’s state-run UkrOboronProm in collaboration with American company Delphi Corporation have founded a new enterprise ‘Electric Systems’.

With a 10 MEUR investment, the new enterprise is expected to create nearly 2 thousand new jobs and market wage rates, the company said in a press release Wednesday.

The relevant agreement was signed on July 12 by acting Director of ‘Electric Systems’ Oleksandr Tyshchenko and Delphi representative – executive director (European division), Luis Figueiredo, the release states.

“The State Concern systematically strengthens Ukraine’s industrial potential, investing in its development and creating new jobs. SE “Electric Systems” is based on all international standards in partnership with the American company Delphi Corporation. Our goals are efficient use of Ukraine’s existing production sites, jobs for domestic specialists and GDP generation,” – said Roman Romanov, commenting on the creation of the new enterprise.

“The United States find Ukraine open to cooperation in many fields. Today’s Agreement has become an example of successful realization of such opportunities – in future, new projects can be implemented in the defense sector,” said the Commercial Officer Michele Smith.

The acting Director of “Electric Systems” Oleksandr Tyshchenko said that the enterprise will generate 500 jobs this year, and by the end of 2018 – almost 2 thousand. “We offer decent wages – starting from 7,1 thousand hryvnia per month; first of all, we attract young specialists, we increase the industrial potential of the region,” he said.

The Head of Vinnytsia Regional State Administration Valeriy Koroviy noted the speed of decision-making on both sides, involved in implementation of such a large-scale project. “This is Vinnytsia’s most ambitious project and I’m sure of its success,” he concluded.