Kremenchuk (Kremenchug) is
an important industrial city in the Poltava
province of central Ukraine. Serving as
the administrative center of the Kremenchuk
district, the city itself is also designated
as a separate region within the district,
and is located on the banks of Dnieper River.
Kremenchuk was supposedly founded in 1571.
From its situation at the southern terminus
of the navigable course of the Dnieper river,
and equally advantageous positioning on
the crossway from Muscovy to Black Sea,
it acquired a great commercial importance
early on, and by 1655, it was a wealthy
Cossack town. In 1625, at Lake Kurukove
in Kremenchuk, the Treaty of Kurukove was
signed between the Cossacks and the Poles.
Kremenchuk is a large industrial city of
Poltava region and one of the leading industrial
centers of Ukraine. It contributes about
7% (2005) of the national economy and accounts
for more than 50% of the industrial output
of Poltava region. Situated in the city
are businesses such as Autokraz, Ukrtatnafta,
the road-making machineworks, an automobile
manufacturing plant, the wagon plant, the
wheel plant, the carbon black plant, the
steel worksand others. Kremenchuk is home
to the KrAZ truck-manufacturing company
(one of the largest in Eastern Europe) as
well as a major European oil refinery operated
by Ukrtatnafta. The light industries of
the city include tobacco (JTI), confectionery
(Roshen), knitting factory as well as the
milk and meat processing plants. Kremenchuk
is one of the most important railway junctions
of Central Ukraine (thanks to its geographical
position and a bridge over the Dnipro river),
and a major river port on the main river
of Ukraine.
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