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

Textiles | On 21st Aug 2017

GST payment & filing for July extended till Aug 25

The GST Implementation Committee, consisting of state and Central...

Textiles | On 21st Aug 2017

India’s cotton production may grow by 3.76% in 2016-17

India’s cotton production is likely to rise by 3.76 per cent to 345...

Textiles | On 21st Aug 2017

Telangana announces sops for textile, apparel sector

The Telangana government recently announced a string of incentives,...

Interviews View All

Dharmendra Shah
Ozone PB Spintex Limited

‘We have made huge investments to ensure quality yarn production.’

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Siddharth Biyani
Mangalam Industries Pvt Ltd

‘The manufacturing sector is improving day-by-day, becoming better in...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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

August 2017

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

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
67.7%
No
16.1%
Skip
16.1%

Total Votes: 31

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
45.2%
No
35.5%
Skip
19.4%

Total Votes: 31

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
83.9%
No
6.5%
Skip
9.7%

Total Votes: 31

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
61.3%
No
9.7%
Skip
29.0%

Total Votes: 31


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search