Development of domestic machine building should be accompanied with a significant degree of production localization

The development of domestic machine building should be accompanied with a significant degree of localization of production when most of the technological processes and components are concentrated and produced in Ukraine. This was stated by Prime Minister of Ukraine Volodymyr Groysman during his working trip to Poltava region, where he visited the Yeristovo Mining and Enrichment Combinat that uses heavy equipment including also of Ukrainian production in the process of iron ore extraction.

«The creation of added value and the transition from the raw resource-based economy to the production economy are our core objectives», the Prime Minister noted. At the same time I draw attention to the need to localize production. The technique should be produced in Ukraine to the greatest possible extent».

The Prime Minister emphasized  the Government singles out the task to modernize the country's production facilities, especially at large state-owned enterprises and pledges readiness to boost the development of such projects as well as to leverage investment and new technologies to Ukraine.