The club was formed in 1991 as Polihraftekhnika Oleksandriya (Ukrainian: Поліграфтехніка Олександрія) at the local Polihraftekhnika Factory. The establishment of the club was an attempt to return the big football to the city, since the times when the former city's other club, Shakhtar, previously participated in the Soviet Second League.
From 2001–03, PFC Oleksandriya played in the Ukrainian Premier League under the name of Polihraftechnika Oleksandriya, which is had since 1991. After the 2003 season the club's administration citing fiscal problems left the Professional Football League and was idle for one season.
The club renamed itself to Oleksandriya in 2003 and reentered the Professional Football League in 2004 entered the Druha Liha Group B.
The club renamed itself to the current name PFC Oleksandriya in 2006.