“Siemens Ukraine” Doubles its Capital in Comparison with 2020

by Mila Glushchenko
Thursday, October 14, 2021
“Siemens Ukraine” Doubles its Capital in Comparison with 2020

Why is it profitable to open a company in Ukraine? Constant growing of “Siemens” in Ukraine

Many foreign companies open branches in Ukraine, because there are many advantages for business, such as development in a new market, duty-free import, no taxes, opportunity to hire foreigners etc.

In 1997 Siemens decided to open a daughter company in Ukraine with a central office in Kyiv. There are also regional branches in Lviv, Dnipro, Kryvyi Rih, Odesa and Kharkiv.

Siemens Ukraine is a subsidiary of Siemens AG. The company operates in many countries around the world. Today it is one of the leading technology companies in the world. Siemens provides system solutions for the areas of heating, ventilation, air conditioning, fire safety, security, automation and control processes. It is a leading provider of safe, energy-efficient and environmentally friendly solutions for buildings and infrastructure.

In the 2021 fiscal year, Siemens in Ukraine (October 2020 - September 2021) doubled the volume of orders and profits compared to 2020, said the CEO of Siemens Ukraine, Maciej Tomasz Zielinski.

The company is constantly developing despite the COVID-19, supply chain difficulties (associated with supply disruptions), and rising material prices. Growth was noted in all businesses of the company in Ukraine, even during the growing demand for digitalization solutions.

Zielinski also noted the great potential for the development of the Ukrainian industry due to its digital transformation. Regarding the company's work in the 2022 financial year, they plan to bring a company to a new level in Ukraine. Siemens company's analysts see the possibility of rapid development of the automotive industry and in the agricultural sector, which will have a beneficial effect on business in Ukraine.

He also noted that the pharmaceutical industry of Ukraine now using digital technologies can produce products at the level of European and American standards.


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