The leader of the equipment for high-rise works VIRASTAR became the resident of the industrial park “Bila Tserkva”
The company started work in a turnkey industrial building with an area of 3.2 thousand m2 after the completion of acceleration in INDAX
Bila Tserkva, June 9, 2021. — VIRASTAR, a leading Ukrainian manufacturer of goods and equipment for access to heights, has become a resident of Bila Tserkva Industrial Park. Thanks to the newly built industrial premises and modern infrastructural technological solutions, the industrial park provided the resident with a universal platform adapted for the production of the main types of VIRASTAR products: scaffolding, mobile towers, and ladders. Cooperation became possible after the VIRASTAR acceleration process in INDAX — a project of the holding company UFuture.
“By choosing ready-made solutions, the clients of the industrial park save from 9 to 12 months and reduce costs at market prices by $200-300 thousand. That’s how much time and investment is needed to get all the approvals, develop the concept and design of the plant for the company in the medium business segment,” said Andriy Ropitsky, Business Development Director of Bila Tserkva.
“Production is the basis of the economy, it is necessary to leave the added value in Ukraine. INDAX, first of all, focuses on those sectors where Ukrainian products can compete with Chinese and European goods. VIRASTAR scaling is such a successful case,” said Natalia Kalinkina, CEO of the INDAX production accelerator.
“The company manufactures products under its own national brand TM VIRASTAR. During the year we plan to increase the supply of domestic goods in the domestic and foreign markets of construction materials. The plant in Bila Tserkva will produce more than 300 products that provide access and safe working conditions at height for professionals and private users,” said Oleksiy and Serhiy Alekseenko, co-founders of VIRASTAR.
Working in an industrial park, VIRASTAR becomes a member of the construction cluster community. This will help increase the competitiveness of the manufacturer’s business, increase the training of its staff, and implementation of joint projects for the development of production infrastructure.
Bila Tserkva Industrial Park is a UFuture project that creates infrastructure and provides conditions for sustainable industrial development in Ukraine. The park of more than 70 hectares offers industrial land with all the engineering infrastructure and ready-made modern production, logistics, and storage facilities for rent or purchase. As of 2021, six companies are residents of the industrial park.
VIRASTAR is a company for equipment for high-altitude work, which began its activities with the import of European products and later launched the production of aluminum products and became the only manufacturer of aluminum ladders in Ukraine. Over the past year, the company has sold only new products worth up to $1 million. After accelerating INDAX, the manufacturer scaled the business, launched an innovative modernized production in the Bila Tserkva Industrial Park according to the Lean Institute Ukraine methodology, and expanded the model range. Currently, the products are sold not only in Ukraine, but also exported to Georgia and Lithuania.
INDAX is a system platform for support and scaling of small and medium-sized businesses in the industrial sector. Through training, mentoring, partnerships, and investment, the accelerator supports entrepreneurs who are ready to produce quality products.
UFuture is a holding company of Ukrainian entrepreneur Vasyl Khmelnytsky, which has a diversified portfolio of assets in real estate, infrastructure, industry, renewable energy, pharmaceuticals, and IT. UFuture’s assets are valued at $500 million, and the total capitalization of the businesses in which it has invested is up to $1 billion.