Business news from Ukraine

Business news from Ukraine

Creation of new hub with EUR10 mln investments started in Vinnytsia

The realization of the project of creation of a logistics multi-temperature complex of class “A” with a full range of services of 3PL-operator – Frost HUB Vinnytsia has been started in Vinnytsia Industrial Park, Vinnytsia City Council reports on its Facebook page.

The corresponding memorandum of cooperation was signed on Tuesday between the company-investor and the city council.

As Deputy Mayor Andriy Ocheretnyy noted, the project will help create 150 new jobs and attract about EUR 10 mln of investments.

The launch of the first stage is planned for 2027.

“Vinnytsia stands at the intersection of major logistics routes. It has access to international highways to Romania and Moldova, proximity to ports – and this is a great advantage in the current conditions. Because of the war, many companies are forced to move production facilities to safer regions, so we deliberately chose Vinnytsia for our project,” the report quoted the director and co-founder of Frost HUB Vinnytsia Vitaliy Poghosyan as saying.

He added that the best conditions for investors have been created here: professional turnkey support from the city authorities, five industrial parks with ready infrastructure, engineering networks and stable power supply.

“The future site is fully integrated into the urban space – near public transportation, bicycle lanes, everything for comfortable passage of workers,” Pogosyan noted.

The complex will combine modern warehouses for different temperature regimes and a full range of logistics services. The project envisages cooperation with educational institutions to train a new generation of engineers and power engineers.

Frost HUB Vinnytsia is the first element of a future national network of multi-temperature logistics centers that will provide efficient logistics for the agricultural sector, retail, manufacturers and exporters.

IP “VinIndastri” with an area of 13 hectares was included in the Register of Industrial Parks in October 2023, at the same time the management company of the park became SCP “Vinnytsia Municipal Investment Fund”.

Four residents are declared in the park (Firewood – manufacturer of equipment for production of fuel briquettes and pellets), “Visardi” – metalworking in construction and agriculture), “Smart Line” – equipment for powder coating of metal products and pharmaceutical distributor “BaDM”), and at the beginning of this year it was planned to double its area.

 

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