Global sporting goods market leader HEAD has acquired a large land plot in central Ukrainian city Vinnytsia for its planned manufacturing plant for winter sports items.
The company acquired a 25-hectare site via auction for UAH 34.5 million in late March. Work is expected to begin on construction of the plant later this year. It is set to be one of the world’s largest winter sports production plants with a focus on skiing equipment. HEAD company officials selected Ukraine as the location for the new plant early in 2018 following a survey of the CEE region which found that Ukraine offered the most attractive investment environment.
“HEAD continues to move forward with plans for a major production facility in Ukraine! Attracting an investor of this caliber is a major achievement for Ukraine. It not only creates high value production and jobs, it helps position Ukraine as an attractive investment destination for global brands”, commented UkraineInvest Chairman Daniel Bilak