Head, the American-Dutch sports company, makes tennis rackets in China. Yet when they decided to open a new ski boots, skis and ski bindings factory, they chose Vinnytsia

Head, the American-Dutch sports company, makes tennis rackets in China. Yet when they decided to open a new ski boots, skis and ski bindings factory, they chose Vinnytsia, the central Ukrainian region. “China’s labor rates have gone up,” Johan Eliasch, Head CEO, told the 21^st Century Economy panel. “You could have a nice property, and then you get a knock on the door, and they say you have to go in two years. Expand in China, forget it!” Instead, Eliasch is building a €80 million factory preparing to move units from Czech, Hungary and Austria into a new industrial park in Vinnytsia.