The production of bio-glue from peas, which is necessary for the manufacture of eco-friendly wood panels for the construction and furniture industries, has started in the Korosten Industrial Park (Zhytomyr region), invested in by the Korosten MDF Plant owned by businessman Leonid Yurushev and his family.
“A unique production facility has started operating in the Korosten Industrial Park in Zhytomyr region. It has launched the production of bio-glue from peas. The total investment in this project is EUR 40 million,” wrote Dmytro Kysilevsky, deputy chairman of the Verkhovna Rada Committee on Economic Development, on Facebook.
He stressed that the launch of such production is sensational news for the Ukrainian agricultural sector, since the demand for new production is 1 million tons of peas per year, which is more than twice the gross harvest of this crop in 2024. Therefore, until Ukrainian farmers increase the area under this crop, part of the production needs will be covered by imports from Hungary and Poland.
According to him, the investor of the Korosten MDF Plant project is currently consulting with farmers in the Zhytomyr, Kyiv, Cherkasy, Kirovohrad, and Dnipropetrovsk regions on expanding the acreage and long-term contracts for the supply of peas.
“The climate in these regions allows for two pea harvests per year,” Kysilevsky added.
The new plant’s design capacity is 3,000 tons of bio-glue per month, with planned production volumes of eco-boards at 20,000 cubic meters per month.
To implement the project, the investor took advantage of the opportunity to import equipment without paying VAT, which is provided for by law for participants in industrial parks.
The MP recalled that last fall, IP Korosten, as part of a state project to develop the infrastructure of industrial parks on a 50/50 co-financing basis, attracted UAH 83.5 million from the state for the construction of an access road.
“At the same time, a similar enterprise, Korosten MDF Plant, is building in the BF Terminal industrial park (Zakarpattia region). 90% of eco-boards are planned to be exported. These products comply with EU regulations, which, from August 6, 2026, will tighten the requirements for formaldehyde content in adhesive mixtures for MDF and HDF board manufacturers,” Kysilevsky said.
He recalled that IP Korosten covers an area of 42.2 hectares and brings together a cluster of woodworking companies, including Ukrainian Holding Sawmill Company, Rezalt Eco, Korosten MDF Plant, BF Engineering, and BF Project.
According to YouControl, Korosten MDF Plant ended 2024 with a loss of UAH 9.8 million, while in 2023 it received a net profit of UAH 237 million, and its net income decreased by a quarter to UAH 1.89 billion. In January-September this year, its loss amounted to UAH 18.4 million, and its revenue was UAH 1.46 billion.
