Ukraine will invest in the development of the technical textile and nonwovens industry. This is seen as a response to the recent plans of Russia to make heavy investments in the development of technical textiles, mainly to be supplied for the ever-growing needs of the Russian defense sector.
Most of these facilities are expected to be established in central part of the country, as well as in western Ukraine, a region not traditionally well-known for textile production. Historically, most Ukrainian technical textile and chemical production has been concentrated in the eastern part of the country. However, due to the current control of the area by pro-Russian rebels, most of the existing production facilities have been lost.
Most of the funding will be done by private domestic and foreign investors, while the remaining will be allocated from government sources. Ukraine is counting on support from US businesses, which in recent years have significantly increased the volume of investments in different sectors of the Ukrainian economy, including technical textiles. In addition, the country has recently started developing a special agreement with the US in the area of technical textiles. Such an agreement would help US businesses better protect their investments and interests within Ukraine.