Smart Tech Industry Industrial Park to Emerge in Poltava Region Following $27M Investment

Smart Tech Industry Industrial Park to Emerge in Poltava Region Following $27M Investment

A new industrial development, the Smart Tech Industry Industrial Park, is officially set to materialize in the Poltava region

The project has beenenrolled into the Register of Industrial Parks, paving the way for its establishment over an expanse exceeding 13 hectares within the Lubensky district. At the heart of this industrial venture is the construction of a facility dedicated to the comprehensive processing of corn grain. The park’s agenda includes the production of a range of outputs, notably alimentary goods, grain and mill industry items, and animal feed that is ready for consumption. Additional manufacturing ambitions encompass the fabrication of metal goods, sawmilling, and timber processing.

In an undertaking to ensure steady power for the park’s operational frameworks, a thermal power station with a 3 MW capacity is to be erected. The park’s infrastructure is poised to receive a financial injection of $7M coupled with $20M for constructing its amenities, in line with a memorandum inked with American investors. The enterprise is anticipated to forge approximately 350 job openings within the processing sector.

What is the Smart Tech Industry Industrial Park?

The Smart Tech Industry Industrial Park is a new industrial development set to be constructed in the Lubensky district of the Poltava region, focusing on the deep processing of corn grain and other related productions.

How much will be invested in the Smart Tech Industry Industrial Park?

A total investment of at least $27 million is planned for the Smart Tech Industry Industrial Park, with $7 million allocated for infrastructure and $20 million for construction of facilities.

What types of jobs will the Smart Tech Industry Industrial Park create?

The park is expected to create around 350 new jobs in the processing industry.

What will the Smart Tech Industry Industrial Park produce?

The park will specialize in the production of food products, flour-milling and grain industry products, and ready-made animal feed, along with finished metal products and sawmills.

Will there be a reliable energy source for the Smart Tech Industry Industrial Park?

Yes, a thermal power plant with a total capacity of 3 MW will be built to consistently supply energy to the production facilities of the park.

Conclusion

The establishment of the Smart Tech Industry Industrial Park in the Poltava region is a significant step towards enriching the local economy and industry. With substantial investments and the creation of new employment opportunities, the project is expected to bolster the region’s industrial landscape and offer a new hub for food and grain processing, metalwork, and energy creation. This initiative aligns with Ukraine’s broader objectives to modernize its industrial sector and enhance its economic prospects.

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