The total investment by AXOR Industry in the launch, expansion, and development of a window and door hardware factory in Dnipro amounts to EUR 40 million since 2011, according to First Deputy Prime Minister – Minister of Economy, Yulia Svyrydenko.
"In 2011, AXOR built a factory in Dnipro, with initial investments of EUR 25 million. When the full-scale war began, the company not only preserved its production but also continued to develop. In 2022-2023, investments were made in new production facilities. Currently, the total investment amounts to EUR 40 million," she wrote on her Facebook page on Monday.
According to the statement, the factory in Dnipro has a capacity of 8 million hardware sets per year. Svyrydenko emphasized that this is one of the largest factories of its kind in Eastern Europe. AXOR exports its products to 27 countries worldwide.
"I am sincerely grateful to AXOR Industry, which demonstrates through its work that war is not an embargo on investments. The private sector of other countries, despite the challenges, is ready to invest in our country right now," she noted.
According to Opendatabot, the founders of AXOR Industry LLC are Funama Holdings Limited (Cyprus), KUA "Altus Assets Activities" in the interests of the ZNVPIFF "Altus-Industrial" (Dnipro), and Basera Holding Limited (Malta). The ultimate beneficiaries are Mustafa, Hasan, and Oan Irem Bashery, as well as Sofiya Kononenko.
Additionally, in 2024, Vadim Yermolaev, the owner of the Alef corporation, was removed from the list of beneficiaries. He was included in the Ukrainian sanctions list for 10 years in 2023.
As a result of its work in 2024, AXOR Industry increased its revenue by 5.6%, to UAH 627.8 million, and its net profit by 18.4%, to UAH 19.5 million.
