A modern eco-industrial park is planned to be established in Volyn, specializing in the processing of industrial hemp for the production of textile materials. The project is initiated by TwinSocks, a well-known manufacturer and distributor of hosiery products, which already has branded stores in Lutsk, Kovel, and Rivne.
This is reported by Business • Media
Potential for the Region’s Economy
The organization of the industrial park will attract additional tax revenues to the local budget and create new opportunities for businesses through incentives and space for scaling. It is worth noting that the idea of creating such a park is actively supported by representatives of the business community in the Volyn region and the Chamber of Commerce and Industry. It is believed that the processing of industrial crops, particularly hemp, could become a key direction for the development of the local processing industry.
The idea of creating an eco-industrial park has been supported by the business community of the Volyn region and representatives of the Chamber of Commerce and Industry.
Current State of Industrial Parks in Volyn
Currently, there are already three registered industrial parks operating in Volyn, located in Novovolynsk, Volodymyr, and Kovel. Four more initiatives, which have been approved by local councils, are under consideration by the Ministry of Economy. Thus, the region is gradually expanding its infrastructure to support innovative businesses and create new jobs.