On August 9, 2024, the Cabinet of Ministers included Ma’Rijany Industrial Park in the register of industrial parks. It is located on the territory of the Khoroshiv territorial community in the Zhytomyr region. Its area is 30.2 hectares. The park’s concept envisages the creation of 750 jobs and investments totaling almost UAH 2 billion.
Ma’Rijany Hemp Company will be one of the first participants in the industrial park, which will also house processing industry enterprises, including textile, nonwoven and building materials, as well as R&D activities.
“An industrial park is a modern format for organizing industry. We believe it will allow our company to realize the potential of not only primary but also advanced processing of bast crops such as industrial hemp and flax in Ukraine. A few decades ago, Ukraine had a number of powerful vertically integrated production facilities that transformed agricultural raw materials into finished textile products with high added value. Today demand for textiles made from natural raw materials is higher than ever, so we see a great opportunity to bring these technologies back to Ukraine.
We are grateful to the local and state authorities for supporting this initiative and believe that it will give a real impetus to the development of the Zhytomyr region’s economy in the near future,” said Andriy Mykytiv, CEO of Ma’Rijany Hemp Company.
The industrial park offers strategic advantages for participants by implementing the concept of colocation, which contributes to a significant reduction in logistics costs and supply stability by optimizing the raw material supply chain. Through comprehensive tax initiatives and customs facilitation mechanisms, participants are able to reduce capital expenditures by investing in technological equipment and expanding production.
The functional purpose of the industrial park is to develop a modern industrial complex based on the primary processing of industrial hemp, which will allow the gradual development of a vertically integrated chain of production facilities for the in-depth processing of this raw material and the production of final products among textiles, nonwovens, construction and fuel materials, as well as in livestock.
