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Terezyno Industrial Park with UAH 780.4 Million in Investment to Be Created in Kyiv Region

Terezyno Industrial Park with UAH 780.4 Million in Investment to Be Created in Kyiv Region

Terezyno Industrial Park will be created in Kyiv region with UAH 780.4 million in investment and up to 500 jobs, specializing in agricultural processing and food production

The Cabinet of Ministers of Ukraine has included the Terezyno Industrial Park in the register of industrial parks, paving the way for the creation of a new agricultural processing cluster in the Bila Tserkva community of Kyiv region.

The project provides for attracting up to UAH 780.4 million in investment and creating up to 500 new jobs, according to the Ministry of Economy, Environment and Agriculture of Ukraine.

The industrial park will be located on an area of almost 15 hectares and will focus on the development of the processing industry. Its key areas will include the production of food products and beverages, which will allow the region’s agricultural sector to increase the share of higher value-added products.

The Ministry of Economy notes that such projects contribute to the transformation of Ukraine’s raw-material agricultural model into a processing-based economy focused on the production of finished goods.

Deputy Minister of Economy Vitalii Kindrativ emphasized that the development of industrial parks is one of the tools for stimulating industrial growth and attracting investment into the processing sector.

The initiator of the park is Terezyno Industrial Park LLC. The project is planned to be financed from several sources, including funds from the initiator and the management company, investments from participants, tax incentives, including corporate income tax exemption, credit financing and state support programs.

The company’s ultimate beneficial owners include Ivan Kudlai and Stanislav Dolid, each holding 29.49%, as well as Nadiia Kudlai and Dmytro Kudlai, each holding 19.66%.

Terezyno Group already operates in agricultural production, livestock farming, oilseed processing, biogas production and food production, creating a foundation for the development of a new industrial park focused on agricultural processing and energy efficiency.

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