Business news from Ukraine

Business news from Ukraine

Textile-Contact invested $14.5 mln during war – Sokolovsky

17 October , 2025  

The Textile-Contact (TK-Group) trade and industrial group of companies has invested approximately $14.5 million in development since the start of the full-scale war, according to the group’s owner, Alexander Sokolovsky.

“We invested about $14.5 million during the war, and light industry is a very long game… We even moved a factory from Poland and are now assembling it – 65 trucks of equipment. Over the past three years, we have paid UAH 1.1 billion in taxes. Maybe it’s not that much, but we have about 1,400+ employees, and that’s about UAH 300,000 in taxes per person per year,” he said at the Kyiv International Economic Forum (KIEF) in Kyiv on Thursday.

At the same time, Sokolovsky emphasized that Ukrainian businesses are still feeling “intense pressure” from law enforcement agencies, especially companies that worked with the state on military orders in order to survive.

“I know for sure that we are currently under criminal investigation, but I am calm about it, and we are, of course, preparing our defense, but if they come and block us, I know that we will not even resist and are ready to give these law enforcement officers the keys to our enterprises — try to do better,” he stressed.

The Textile-Contact Group (TK Group) was founded in 1995. It is currently a holding company that brings together the entire range of services in the textile industry, from raw materials and threads to ready-made solutions for B2B, B2G, and B2C customers. The group consists of 13 factories and employs about 1,500 people.

The founder of the group is Sokolovsky, chairman of the committee for defense procurement in light industry at the Federation of Employers of Ukraine and a member of the Manifest 42 public movement.

 

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