Business news from Ukraine

AGROLIGA’S INVESTMENT INTO NEW SUNFLOWER SEEDS CRUSHING PLANT ASSESSED AT $9 MLN

27 September , 2016  

KYIV. Sept 27 (Interfax-Ukraine) – Investment in the launch of a new sunflower seeds crushing plant belonged to Agroliga Group are assessed at $9 million, the group has reported on its website.

“The total sum of financing is estimated at $9 million, including $6.7 million financed from external sources,” Director General Oleksandr Berdnik said.

He said that a land parcel to build the plant with all communications and railway track has been allocated in Kharkiv region.

The group said that the company raised the required funds and settled first advance payments for equipment.

The group’s share of the sunflower oil market in Kharkiv region would reach 10-12% after the launch of the plant.