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Signing of a memorandum between SFII and Caris Group

On January 23, 2020, SFII and Caris group signed a Memorandum of Agreement (MoA) regarding development in Ukraine the full-scale factory for production of next-generation products for road safety ~ plastic guardrails, invented by Caris.

According to the MoA, the project’s development cost shall exceed 100 million USD, and Caris will transfer to Ukraine its patented & certified technology whereas the future factory will exclusively operate for all European markets.

Caris group Chairman Mr. Yu Cheol stated that factory will operate with 100 production lines and gave several advices to young entrepreneurs in an exclusive interview for our Institution, which will be available to watch at our Facebook page soon.