Fire-retardant materials worth about UAH 1 billion will be needed for Ukraine's postwar reconstruction – Kostiantyn Kalafat, director of Kovlar Group
According to the expert's estimates, about 100,000 tonnes of fire-retardant paints, plasters and other products may be needed to restore destroyed real estate. Studies by the Kyiv School of Economics and USAID show that 90% of the building materials needed to rebuild Ukraine can be produced locally. At the same time, the director of Kovlar Group, the largest Ukrainian manufacturer of fire-retardant materials, which makes Ammokote products, said that
According to the expert's estimates, about 100,000 tonnes of fire-retardant paints, plasters and other products may be needed to restore destroyed real estate
Studies by the Kyiv School of Economics and USAID show that 90% of the building materials needed to rebuild Ukraine can be produced locally. At the same time, the director of Kovlar Group, the largest Ukrainian manufacturer of fire-retardant materials, which makes Ammokote products, said that the combined capacity of domestic fire-retardant producers significantly exceeds the demand expected during reconstruction.
“As of today, fire-retardant materials worth about UAH 1 billion are needed to rebuild destroyed facilities,” said Kostiantyn Kalafat. “At the same time, using locally produced goods will not only allow Ukraine's construction industry to develop and create new jobs, but will also help investors save significantly, since Ukrainian products are much cheaper than imported analogues.”
Founded in 2015, “Kovlar Group” is the largest Ukrainian manufacturer of fire protection, holding about 60% of Ukraine's fire-retardant materials market and offering more than 20 product names under the Ammokote trademark.
Founded in 2015, “Kovlar Group” is the largest Ukrainian manufacturer of fire protection, holding about 60% of Ukraine's fire-retardant materials market and offering more than 20 product names under the Ammokote trademark.
Kovlar Group LLC was founded in 2015, with a charter capital of UAH 1.2 million; its ultimate beneficiaries are Kostiantyn Kalafat (40%), Andrii Ozeichuk (35%) and Liubov Vakhitova (25%). According to Opendatabot, in 2023 the company earned revenue of UAH 42 million 585 thousand, more than four times the 2022 result; net profit for 2023 was UAH 7.7 million versus a net loss of UAH 1.6 million for 2022.