The feature about Ma’rijany Hemp Company constructing a hemp factory in Ukraine won special recognition from Ukraine's business association, the Union of Ukrainian Entrepreneurs, for “quality coverage of Ukraine's business for an international audience,” in a competition among Ukrainian business reporters in November 2024.
The feature, called “Ukrainian Company Is Building Europe’s Largest Hemp Factory”, tells a story about Ukraine-based investor Andrii Mykytiv who decided to start the business of hemp fiber manufacturing months after Russia’s invasion in Ukraine started.
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Mykytiv and his top management team, Ma’rijany Hemp Company commercial director Ihor Didok and Deputy CEO Oleksandra Fidkevich, believe that Ukraine should revive the use of a crop long thought dead.
It can be used with a vast variety of purposes: clothes, paper, parachutes, military uniforms, upholstery, furniture fabrics, bed sheets, rope and more. The leftovers – “shives” or “hemp hurds” – can be used for insulation boards and horse bedding.
“The average investment capital [to start hemp production] is estimated at approximately $25 million. We already have invested $10 million overall, and I don’t want this number to increase a lot,” Mykytiv told Kyiv Post.
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