KYIV. June 12 (Interfax-Ukraine) – Allseeds group of companies has started building the second stage of a multifunctional soybeans processing plant with a processing capacity of 5,000 tonnes per day at Yuzhny port (Odesa region).
According to a company press release, the construction of the plant and bringing its infrastructure to the necessary parameters will take about three years.
“The commissioning of such an enterprise means that in the course of the year the company will need in addition to the available volumes to bring and take, accept and send about 1.7 million tonnes of raw materials and finished products – meal and oil – per year,” the press release reads.
Given this factor, it is planned to make additional investments in the development of infrastructure of the oil complex in Yuzhny port: elevators, warehouses, tanks and railway facilities.
According to the report, the build-up of processing facilities will enable Allseeds to obtain a synergistic effect, increase business efficiency by substantially saving conditionally constant expenses per unit of output and ultimately to become more competitive.
“With the processing volume of about 2.5 million tonnes per year, Allseeds will become company number two in the oilseed market of Ukraine. The total amount of its investments in Ukraine will reach $400 million,” the company said.
