Chinese textile company YUYUE Home Textile Co. Ltd intends to build a plant for the processing of flax in the Rivne region
Rivne Regional State Administration reported that negotiations on the construction of the plant, lasting for six months is coming to an end.
First Deputy Chairman of the Rivne Regional State Administration Yuriy Privarsky notes that the region is interested in strategic investments that promote economic development. In addition, the project aims to restore the flax in Polissya. Rivne region with its soil and climatic conditions excellent for the development of the industry. In this regard, the official assured that all the necessary conditions for the successful implementation in this project are in plane.
According to the president of the Chinese company Lina Yuksinga, the construction site of the enterprise has already been found and is Constantine Village, Sarny Raion. The total land area is about 30 thousand. Ha, taking into account the areas for planting and processing flax.
The construction of the plant is planned for this year. The project will be implemented over 5 years, and the cost is $ 20 million. With the opening of the new companies there will be created about 1 thousand, jobs, of which 90% will be locals.