HEAD plans to expand its operations into Ukraine
Today one of the world’s leading sporting equipment companies HEAD International Holding GmbH, signed a Memorandum of Understanding with the City of Vinnytsia and Regional Administration, according to which the company plans to expand its operations into Ukraine to produce winter sporting equipment.
The multimillion investment project is expected to create a significant number of jobs over the course of the next 5 years, and make Vinnytsia well-known in ski-racing circles due to HEAD’s global brand recognition around the world.
HEAD’s manufacturing concept is built around semi-automated production lines producing high value-added sport equipment.
“Attracting an investor such as HEAD is very important for Ukraine. It not only creates high value production and jobs, it helps associate Ukraine as an attractive investment destination for well-known global brands” – commented UkraineInvest Director Daniel Bilak.
UkraineInvest is proud to have supported HEAD throughout the process leading to the signing of the memorandum and appreciates the collaboration with the Vinnytsia City Council, the Vinnytsia Regional Administration and the National Investment Council.