Business news from Ukraine

ASTARTA INVESTS UAH 10 MLN IN DRIP IRRIGATION PROJECT IN POLTAVA REGION

19 April , 2016  

KYIV. April 19 (Interfax-Ukraine) – Astarta agro-industrial holding, a large sugar producer in Ukraine, has invested UAH 10 million in the launch of a drip irrigation project on 360 ha in Poltava region.

The company said in a press release that the area of farmland, equipped with irrigation, would be expanded further, based on the results of this year harvest.

Astarta has already invested in reconstruction of melioration infrastructure (canal, pump station) followed by installation of a drip irrigation system made in Israel.

The irrigation technology will be implemented on farmland sowed with sugar beet. Drip irrigation of sugar beet will ensure high yields regardless of climatic factors.

Astarta is a vertically integrated agro-industrial holding, uniting six regional divisions in Poltava, Vinnytsia, Khmelnytsky, Ternopil, Zhytomyr, and Kharkiv regions. They include nine sugar factories, agricultural farms with a land bank of about 245,000 hectares and dairy farms. The holding also has a plant for processing soybeans in Poltava region (Globyno processing plant).