An industrial park focused on paper processing will be developed in Khmelnytskyi region, with total investments exceeding UAH 400 million. The industrial park, named ART PAK INDUSTRIAL, has been officially included in the Register of Industrial Parks of Ukraine. The decision was approved by the Cabinet of Ministers, the Ministry of Economy reported on December 18.
The park will cover an area of more than 10 hectares and is planned for a 50-year operational period. It is expected to create around 500 jobs in the processing industry. The park’s territory will host enterprises engaged in the production of pulp, paper and cardboard, manufacturing of paper products and packaging, printing activities, as well as facilities related to alternative energy, research and development, and information and telecommunications services.
More than UAH 400 million is planned to be raised for the development of the park from various sources, including the project initiator’s own funds, financing from the managing company, state support programs, private investments, contributions from future residents, and bank loans.
The park will be located within the Khmelnytskyi city territorial community of Khmelnytskyi district, Khmelnytskyi region. The project initiator is ART PAK INDUSTRIAL LLC. According to YouControl, the company was registered in June 2024, has a charter capital of UAH 57 million, and was founded by Oleksandr Mykolaiovych Bilyk.
As of today, 115 facilities are registered in Ukraine’s Register of Industrial (Manufacturing) Parks. These parks are becoming one of the key drivers of the processing industry, which accounts for 10.3% of Ukraine’s GDP, according to OECD data. The Ministry of Economy forecasts that this share could double over the next decade as the network of industrial parks expands.
According to the Ministry of Economy’s estimates, each hectare of an industrial park can generate up to 50 new jobs. In addition, every hryvnia of public investment in such projects generates UAH 5–6 of private investment, while each dollar of private investment brings USD 19 in tax revenues and fees to the state budget over a five-year period.
More details on why the multiplier effect in this sector is higher than in most other industries and on the prospects of the processing industry are available in a separate Forbes Ukraine analysis.
