Business news from Ukraine

Two new industrial parks should attract UAH 1.5 bln of investments – ministry

The Cabinet of Ministers of Ukraine has approved the creation of two new industrial parks (IP) – “Dnister” on the territory of Yampol city territorial community of Mogilev-Podolsky district of Vinnytsia region and “Galicia” on the territory of Kalush in Ivano-Frankivsk region.

According to the Ministry of Economy, total investments in the two industrial parks for the next three years should amount to more than UAH 1.5 billion.

Prime Minister of Ukraine Denis Shmygal at a government meeting on March 29 announced the inclusion of the two new parks in the Register of industrial (industrial) parks, and the creation of the State Office for the development of industrial parks.

According to the Ministry of Economy, the concept of IP “Dnister” assumes the creation of 265 jobs in the processing industry on an area of 17.2 hectares.

“It is assumed that the park will specialize in the production of paper and paper products, processing of plant products and other activities compatible with those listed,” the report explains.

In turn, IP “Galicia” will be located on an area of 19.8 hectares and will provide the creation of up to 1000 jobs.

The main directions of activity are determined by the manufacture of construction materials.

On the territory of the park will be created production of building materials from clay, production of cement, lime and gypsum mixtures, as well as manufacturing of products from concrete, gypsum and cement.

According to the Ministry of Economy, the investors plan to start production of machinery and equipment, introduce processing of industrial and household waste, engage in scientific and technical activities, as well as create enterprises that will work with alternative energy and energy conservation.

As reported, the state budget-2024 for the first time provided for the allocation of 1 billion UAH for the development of infrastructure of industrial parks.

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Two more industrial parks may appear in Ukraine

The Cabinet of Ministers of Ukraine has included two industrial parks in Lviv and Rivne regions in the Register of Industrial Parks, Prime Minister Denys Shmyhal said.

“Today we are making a decision to create two more industrial parks,” the Prime Minister said at a government meeting on Friday.

According to him, the park in Rivne region is being created with a specialization in industrial processing. It is expected to create 1,400 jobs and invest over UAH 1 billion.

The park in Lviv region will specialize in the processing industry “with a special emphasis on furniture production.” Investments will amount to more than UAH 2 billion. More than 2,000 new jobs are expected to be created.

“Over the past six months, we have seen progress in the creation of new industrial parks. UAH 1 billion has been budgeted for their development this year,” Shmyhal wrote on Telegram.

Taras Melnychuk, a representative of the Cabinet of Ministers in the Verkhovna Rada, clarified in Telegram that the Industrial Park Boryslav was included in the Register of Industrial Parks in Lviv region.

In addition, the Ministry of Economy reported on Friday that the Yadro Industri industrial park in Drohobych (Lviv region) has received a management company, which is Drohobych Miskbud LLC.

“The agreement on the establishment and operation of the Yadro Industrial Park was concluded between Facade West LLC and Drohobych Miskbud LLC on March 11, 2024,” the statement said.

As reported, Yadro Industrial Park was included in the Register of Industrial Parks at the end of December 2023, initiated by Facade-Zakhid LLC, which plans to invest over UAH 561 million in its development.

It is planned to create about 500 jobs in the industrial cluster, with window production as one of its key production types.

New industrial park appeared in Lviv region

The Cabinet of Ministers has created the Stryi Valley industrial park in the Lviv region, which will ensure, in particular, the development of the processing industry in the region and create about 700 new jobs, Prime Minister Denys Shmygal said.
“We hold a consistent course on all-round business support. Today we are creating another industrial park, the Stryi Valley in the Lviv region,” Shmygal said at a government meeting on Tuesday.
According to the Prime Minister, the implementation of this decision is expected to create about 700 jobs and the development of processing in the region, particularly in the food industry, woodworking and mechanical engineering.


Uzhgorod Industrial Park was included in register of industrial parks of Ukraine

The Cabinet of Ministers of Ukraine included Uzhhorod industrial park in the register of industrial parks, the Economy Ministry’s press service said on Friday.
“The government is pursuing a consistent policy of creating conditions for the development of industrial parks as points of economic growth and post-war reconstruction of the country. The development of industrial parks will contribute to the recovery of industry, including export-oriented, with a high share of added value. It will also contribute to the development of local communities: they will get new budget revenues, new small and medium enterprises will be created in their regions”, stated First Deputy Prime Minister, Minister of Economy Yulia Sviridenko.
The new industrial park is situated in the city of Uzhgorod in Zakarpattya region. According to the concept of the industrial park, up to 500 working places in the production sphere (processing industry) are supposed to be created on the area of 10,1907 hectares.
Today the register of industrial parks includes 60 industrial sites.

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“Textile-Contact” will open first industrial park in Ukraine for cultivation of technical hemp

The Textile-Contact group of companies will open the country’s first industrial park for the production of non-narcotic technical hemp in the Rivne region, where a full cycle of research, selection, cultivation and processing of this plant will be launched.
As reported on the Facebook page of the Rivne Regional Military Administration (OVA), the fabric made from hemp will be used, in particular, as a material for sewing military uniforms that are invisible to the radiation of thermal imagers. In addition, industrial hemp is a good antiseptic; heating pellets and food products are produced from it.
“Back in April, I met with the owners of the company Alexander Sokolovsky and project manager Alexei Bolshev. This is the largest company in Ukraine engaged in the production of fabrics and clothing. Then they discussed the possibility of opening their production in the Rivne region. Now we have reached the finish line,” the Regional State Administration quotes its head Vitaliy Koval.
According to him, the creation of an industrial park will not be limited to investments in the region and the creation of jobs, but will launch a new industry in the country.
“We have already signed a memorandum on the relocation of the fabric production line. We have received the terms of reference for the land plot. We are working on finding options. I urge the communities to submit their proposals to the Department of Economics of the ROVA,” Koval summed up.
Textile-Contact is one of the largest trade and production groups in the light industry market of Ukraine, founded in 1995. Currently, it represents a holding uniting various areas of assets: wholesale and retail trade, import of fabrics, accessories and home textiles, production of fabrics, threads, dry cleaning, as well as tailoring and overalls (including military uniforms), medical products.
Before the Russian invasion, the factory produced about 400 thousand meters of fabric per month.

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Construction of another plant starts at Bila Tserkva industrial park

The construction of another plant began in the Bila Tserkva industrial park (Kyiv region), the launch is scheduled for November 1, UFuture founder Vasyl Khmelnytsky told Interfax-Ukraine.
“During the war, we felt a big request from Ukrainian manufacturers from the regions to relocate to the Bila Tserkva industrial park. They have an alternative – moving to the EU, but it is important for the economy to leave producers in the country: these are taxes, jobs and development. Today we’ve started the construction of a new modern facility for a plant on 4,000 sq m. The amount of investment will be approximately $2 million,” he said.
Khmelnytsky added that this project will be the company’s record for the speed of construction.
“Already on November 1, we will launch production there. Now we are negotiating with several applicants from Mykolaiv and Kharkiv,” Khmelnytsky said.
UFuture holding company of businessman Khmelnytsky, as part of a business strategy in 2022, planned to expand the number of production facilities in Bila Tserkva industrial park from five to 11. Earlier, in an interview with the Interfax-Ukraine agency, he said that 11,000 sq m of industrial premises will be built in this park for the relocation of enterprises, the estimated investment is $6.5 million. In general, the entrepreneur announced plans the construction of 30 factories in Bila Tserkva.

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