Home / Knowledge / News / Textiles / Linen of Desna to revive Chernihiv flax processing plant
Linen of Desna to revive Chernihiv flax processing plant
09
Sep '11
Linen of Desna LLC, a leading producer of flax in the north-east of Ukraine, will soon sign an agreement with Zhytomyr Regional State Administration for the reconstruction of the Volodarsko-Volynsky flax processing plant.

The Novhorod-Siversky-based company will invest US$ 25 million for renovation and to make the plant in Chernihiv region operational.

Serhiy Ryzhuk, who heads Zhytomyr Regional Administration, said under the Zhytomyrschyna Investytsiyna or Zhytomyr Region for Investment, about 10 times more funds have been allocated this year for the development of agriculture. The funding includes flax production and it is planned to increase the area under flax from the present 500 hectares to 5,000 hectares.

Founded in 2009, Linen of Desna LLC is into the core business of flax cultivation, production of flax fibre and packthread. It owns three flax processing plants.

Two plants located in Sobycheve village in Shostka district and in Marchykhyna-Buda village in Yampil district, both in Sumy region, are currently operational. The third plant in Novhorod-Siversky in Chernihiv region is currently under reconstruction.

Post-renovation of the existing facilities and acquisition of new facilities, the company plans to increase its area under flax crops to 15,000 hectares from the present 700 hectares.

In 2010, the company's net revenues were UAH 2.09 million, making a net loss of UAH 1.12 million.

Fibre2fashion News Desk - India


Must ReadView All

Ghana makes tax stamp compulsory on imported textiles

Textiles | On 27th May 2018

Ghana makes tax stamp compulsory on imported textiles

To curb illegal imports, Ghanaian authorities will put a tax stamp on ...

Courtesy: Vishal Mega Mart

Apparel/Garments | On 27th May 2018

Partners Group, Kedaara Capital taking over VMM

Partners Group, a private markets investment manager, and Kedaara...

Courtesy: Deckers

Apparel/Garments | On 27th May 2018

Deckers Brands sales soar 8.4% in Q4FY18

Deckers Brands, a global leader in designing, marketing and...

Interviews View All

Krishnanand Tripathi
Textrade International Ltd

We believe in vocational education for entry-level employees, offering...

Top executives
Textile industry

Overall, Union budget 2018-19 is very balanced

Headhonchos
Indian textile value chain

Adopt innovative techniques, go for automisation rather than being...

Rajat Jaipuria

Activewear brand Soul Space promotes organic cotton farming and...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Aditi Somani
Aditi Somani

Aditi Somani specialises in luxury fusion wear with international cuts and ...

Anisha Chaudhari
Threads & Shirts

Threads &amp; Shirts is a freshly-tailored concept providing men/women a...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


May 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search