Industrial Park Number Nine in Kuban has been added to the Ministry of Industry and Trade's records.
In a significant move towards bolstering the industrial sector, the Krasnodar Krai administration has invested heavily in supporting resident enterprises in industrial parks across the region. One such platform, the Timashovsk Industrial Park, located in the Krasnodar region, has recently been recognized by the Russian Ministry of Industry and Trade.
The Timashovsk Industrial Park is the ninth such platform in the Krasnodar region to receive this recognition, signifying a dynamic growth in the industrial sector of the region. The regional Minister of Industrial Policy, Dmitry Khmelev, has been instrumental in driving this development.
While the inclusion in the registry opens up access to federal and regional support measures, no new tax incentives or support measures have been reported specifically for the managing company of the Timashovsk Industrial Park.
Despite the lack of explicit details, it is common for industrial parks recognized by the Russian Ministry of Industry and Trade to benefit from reduced corporate income tax rates, property tax reductions or exemptions, land lease benefits, customs duty reductions or deferrals, preferential utility tariffs, and state co-financing of infrastructure development. However, without confirmation for Timashovsk, this remains a general outline rather than a confirmed list.
The Timashovsk Industrial Park, home to over 50 resident enterprises, provides more than 3,000 jobs. One of the most notable enterprises within the park is Nestlé’s Kuban factory, which has been operational for at least 10 years. However, specific details about tax breaks or support measures for this or other industrial park projects in Timashovsk are not provided.
The Krasnodar Krai administration has invested over 30 billion rubles between 2017 and 2024 for infrastructure development and creation of industrial facilities. Apart from Krymsky, Dinsky, and Apcheronsky, no new districts have been reported as having industrial parks under development.
Recently, Governor Veniamin Kondratyev visited the Krasnoarmeisky district in relation to industrial enterprises, but no new operational industrial parks have been reported to be operational in Krasnodar, Kavkazsky, Mostovsky, Ust-Labinsky, Timashyevsky, or Armavir.
For comprehensive information on the support measures and tax incentives specific to the Timashovsk Industrial Park, direct inquiries to the Russian Ministry of Industry and Trade or regional Krasnodar administrative bodies may be necessary.
The Timashovsk Industrial Park, which is home to over 50 resident enterprises and provides more than 3,000 jobs, is likely to benefit from reduced corporate income tax rates, property tax reductions or exemptions, land lease benefits, customs duty reductions or deferrals, preferential utility tariffs, and state co-financing of infrastructure development, given that it is one of the nine industrial parks in the Krasnodar region recognized by the Russian Ministry of Industry and Trade. The business environment in the Krasnodar region is being actively supported by the Krasnodar Krai administration, with substantial investments in the finance sector to bolster the industry and stimulate economic growth.
