KYIV. Sept 2 (Interfax-Ukraine) – Yuyue Home Textiles Co., Ltd. is to build a flax processing plant in Rivne region, Rivne Regional State Administration has reported.
The construction of the plant will start as early as in 2016, the project is designed for five years and the total amount of investment is $20 million.
The company has already selected a plot of land, which is in territory of Kostiantynivsky village council in Sarny district, the Chinese company’s CEO said at a meeting with local authorities.
The local government offered a site for the construction of the plant and a plot of land for growing and processing flax. About 30,000 ha of land will be allocated under the project.
