KYIV. Sept 13 (Interfax-Ukraine) – Agroliga Group (Kharkiv region) starts building a sunflower seeds crushing plant with a capacity of 170,000 tonnes in Kharkiv region.
According to a posting on the company’s website, the first phase of the plant that would crush 100,000 seeds a year will be launched in September and October 2017.
“The structure of the project financing comprises of the company’s funds and long term loans,” the company said.
Raiffeisen Bank Aval will finance the project.
As of today, general construction plan is fixed, tenders for the supply of equipment, construction and installation works have been carried out.
Agroliga has been working in the Ukrainian agricultural products market since 1992. Its enterprises are engaged in the cultivation of grains, sunflower seeds processing and dairy farming.
The group plans to continue expanding its land bank to 12,300 ha (9,300 ha now) and develop a dairy farm. The group also plans to increase cowherd to 1,400 cows from 1,000 and started producing dairy products. The group plans to produce powder milk and soft cheese.
One of the strategic tasks of the group is development of oilseeds crushing. It is planned to increase the capacities from 55,000 tonnes to 70,000 tonnes in 2015 and to 100,000 tonnes until 2017, accordingly.
