Business news from Ukraine

Business news from Ukraine

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

9 September , 2022  

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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