Business news from Ukraine


1 June , 2020  

The Bila Tserkva Industrial Park, a project of the UFuture Holding owned by businessman Vasyl Khmelnytsky, according to the approved development plan, intends to raise $250 million of investment and create more than 30 new enterprises by 2026, the company has said in a press release.
“According to our estimates, by 2026 [in the territory of two industrial parks Bila Tserkva 1 and Bila Tserkva 2] should be created more than 4,000 jobs, built 235,000 sq. m of industrial real estate, including production and logistics facilities on the territory of two industrial parks. The total investments volume should reach $250 million,” the company’s press service said, citing Director of the industrial park Volodymyr Khmurych.
The investments will be routed to construction of new commercial buildings, purchase of new production and logistics equipment, outfit of existing facilities, business processes automatization and certification, R&D, as wells as energy-saving projects and IT projects.
Among other things, Khmurych said that o manufacture of high value-added products and their components qualified specialists are needed.
“There are more than dozen educational institutions, including eight technical and vocational schools, and five higher education institutions and their branches in Bila Tserkva. We cooperate with all of them and believe that skilled labor market proximity is one of the competitive advantages of the industrial parks,” Head of Business Development of Industrial Park Management LLC (IPM) Andriy Ropitsky said.
The company said in the press release that the IPM has won bid for management company of Bila Tserkva 1 and Bila Tserkva 2 Industrial Parks. On May 06, 2020, the cooperation agreements were signed between the management company and industrial parks.
According to the terms of the contracts, the managing company ensures implementation of the development strategies and business plans of the industrial parks, attracts residents, carries out marketing programs, obtains permissions and approvals from state and local authorities related to industrial park and residents utilities and facilities design and construction.
“Many large manufacturing companies are facing supply chain shocks and production disruptions. In a search for a better balance between globalization and the necessary degree of independence, these companies will be choosing localization of production at the national or regional levels. We can offer best conditions for the localization of production in our industrial parks. The management company will help the industrial park in attracting foreign companies to the parks,” Khmurych said.
The total area of Bila Tserkva industrial park is more than 70 hectares. According to the company’s press service, at the beginning of 2020, six companies were residents of the industrial park. The first project was Plank Electrotechnic LLC electrical accessories factory.
Industrial Park Management LLC was founded in 2016, specializing in industrial real estate. During the years of operations 19.4 ha of land was sold and passed on for construction, while about 16,400 square meters of industrial and warehouse real estate is commissioned and under construction. Electric, gas, and water supply of the large infrastructure facilities in Kyiv and Kyiv region was completed.

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