Real estate developer and entrepreneur Vasyl Khmelnytsky is creating a Chinese-Ukrainian joint venture to assemble tractors here
Thursday, May 31, 2018

Real estate developer and entrepreneur Vasyl Khmelnytsky is creating a Chinese-Ukrainian joint venture to assemble tractors here

Real estate developer and entrepreneur Vasyl Khmelnytsky is creating a Chinese-Ukrainian joint venture to assemble tractors here. Starting with semi knocked down assembly, or SKD, he hopes to hit $20 million in revenue, he said on Facebook. Aiming to increase localization as high as 100%, he writes: “In Ukraine, there is an annual demand for 20,000 tractors. Producing 1,000 tractors a year is interesting for sure, and then the European market will open.”

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