TwinSocks (Kovel, Volyn region), a distributor and manufacturer of hosiery products, plans to create an industrial park (IP) for the processing of industrial hemp, according to Dmytro Kysilevsky, deputy chairman of the parliamentary committee on economic development.
“TwinSocks has announced its intention to create an industrial park specializing in the processing of technical hemp,” he wrote in a news digest about industrial parks for May on Facebook on Monday.
In turn, the Volyn Regional State Administration reported on Facebook that last Thursday, during a discussion of the prospects for industrial parks in Volyn, Bogdan Konopatsky, managing director of TwinSocks LLC, announced plans to create such a park.
“TwinSocks, a family business with 25 years of experience in Volyn and Rivne regions, is preparing to take a new step – to develop an eco-industrial park focused on the processing of technical hemp,” the statement said.
The Volyn Regional State Administration notes that industrial hemp, which is legally permitted to be grown in Ukraine, could become the basis for a new processing industry: from cultivation to a complete production cycle and the creation of textiles.
“Why is this profitable? The government receives tax revenues, and businesses receive incentives and a platform for scaling up,” Konopatsky said in the statement.
The Regional State Administration also reports that the idea of creating an eco-industrial park has been supported by entrepreneurs and representatives of the Chamber of Commerce and Industry, in particular, Vitaliy Kyrychuk from the CCI noted that the processing of technical crops is one of the most promising areas, and Volyn may well become a pilot region in this direction.
The hosiery manufacturer TM “TwinSocks” has been operating in Ukraine since 2004. Its product range includes men’s, women’s, and children’s socks and tights. The company has brand stores in Lutsk, Kovel, and Rivne.
As reported, in May this year, a technical hemp processing plant began operating in the Ma’Rizhany industrial park (Zhytomyr region).
Kysilevsky also announced, in particular, the approval by the Zhmerynka City Council (Vinnytsia region) of the concept of the Bril Park industrial park near the village of Brailiv.
According to the city council’s website, the park will focus on agro-processing, food industry, fruit and vegetable processing, energy generation (electricity, heat, cooling), logistics, and construction materials production.
The park will also be open to companies that have been forced to relocate from frontline areas due to the war.
