SG Signs Contract for OEM Production with Ukraine's DS Prom and Ecos Steel Ascon... "Executives Visit Locally"

CEO Changho Park of SG and key executives visited Ukraine to inspect the local production plant. Photo by SG

SG, the No.1 asphalt concrete specialist company in Korea, accelerates preparations to supply Eco Steel Asphalt Concrete by successfully securing a local consignment production plant in Ukraine.

On the 29th, SG announced that it signed a consignment production contract for six asphalt concrete plants owned by construction company DS Prom Group. The signing ceremony held at the DS Prom Group headquarters in Kyiv, Ukraine, was attended by Dmitry Muzienko, CEO of DS Prom Group, Park Chang-ho, CEO of SG, and Andrey Nazarenko, CEO of SG Ukraine (SGU).

Through this contract, SG will be able to expand its production base for supplying Eco Steel Asphalt Concrete locally. In particular, the six plants under consignment production with DS Prom will supply asphalt concrete to regions outside the business sites that the local subsidiary SGU is scheduled to acquire. Due to the nature of asphalt concrete, securing production bases in various regions is necessary to supply products to major areas in Ukraine.

Previously, in December last year, SG signed an asphalt concrete supply contract worth approximately 17.8 billion KRW with DS Prom Group. In the same month, SG also signed a supply contract with Ukraine’s Eurobud Plus (LLC Eurobud Plus). To date, the total amount SG has secured in orders related to Ukraine’s reconstruction projects is about 35.6 billion KRW.

A company official stated, “Starting with this consignment production contract, we will accelerate the establishment of local production and supply infrastructure. We plan to complete the acquisition of local plants for securing our own production facilities as soon as possible to be fully prepared for asphalt concrete supply.”

Meanwhile, on the 28th, CEO Park headed to Ukraine with key executives in charge of the reconstruction projects. Their first schedule was to meet with DS Prom Group to sign the consignment production contract, followed by an on-site inspection of the asphalt concrete manufacturing plant scheduled for acquisition.

This content was produced with the assistance of AI translation services.