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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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