Electro Cable Group, one of the largest producers of non-ferrous metal products in Ukraine, opened a new cable manufacturing plant in Zabrze, Poland, this year. One of the key arguments in favor of Poland was more favorable logistics to the group’s main markets in northern Europe.
In addition, Poland offered several other advantages: state support for industry, as well as the presence of a large number of Ukrainian refugees, which creates employment potential. The Ukrainian company also received a five-year exemption from income and real estate taxes, which significantly reduces operating costs.
Investments in the construction of the Polish plant amounted to €19 million, of which 80% were raised through loans from European banks. It took six months to launch the plant. Today, the Polish plant employs 55 people and has a capacity of 1,200 tons of cable per year.
However, the company is setting ambitious goals: by July 2025, it plans to reach full capacity, producing 6,000 tons of cable per year. This will allow Electro Cable Group to generate about €60 million in revenue annually, which is 25% of the projected revenue for 2024.
In Ukraine, the company continues to operate through two plants: Zaporizhzhya Non-Ferrous Metal Plant and a plant opened in June 2022 in Ivano-Frankivsk. By expanding into the Polish market, the Group is able to strengthen its presence in Europe while developing production in Ukraine.
The plant in Poland is an important step in the company’s strategy to diversify its production capacity and strengthen its position in international markets, particularly in Central and Northern Europe. This step also allows the company to reduce the risks associated with logistics and political circumstances in Ukraine.
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