Textile-Kontakt Group, a leading textile fabric seller and producer in Ukraine, in 2019 plans to invest up to UAH 100 million in a new enterprise that will produce fabric in Chernihiv. Its opening is scheduled for December 2018. “To create new production facilities, Textile-Kontakt plans to invest up to UAH 30 million this year, and up to UAH 100 million by the end of 2019,” the company’s press service reported. In September, the group began repairing workshops with a total area of 3,500 square meters and installation of new equipment. The capacity of the plant will be 2-3 million meters of fabric per year.
The launch of the new production site will allow creating up to 80 jobs and with reaching the full production capacity by the end of 2019 the enterprise will employ up to 100 more people.
According to a press service, the main assortment will be fabrics made from 100% cotton: twill, bleached calico and printed cotton, as well as blended raincoat fabric “Greta”. The company also plans to produce a special fabric for the Ministry of Defense of Ukraine.
The press service reminded that until 2014, the group of companies Textile-Kontakt included the company TK-Donbas, which produced up to 60% of cotton fabrics in Ukraine (2 million meters per month). After 2014, control over the enterprise was completely lost. In 2017, the company planned to create a joint venture with the company Temp-3000 and launch production on the basis of Bohuslavsky Textile (Kyiv region). But from January 2018, Textile-Kontakt left the joint venture, and it was decided to create its own enterprise.
Textile-Kontakt was founded in 1995 and today represents a holding company that combines various areas of assets: wholesale and retail trade, the import of fabrics, accessories and home textiles, as well as tailoring of special clothing (including military uniforms). The founder of the group is Ukrainian businessman and public figure Oleksandr Sokolovsky.