KYIV. July 14 (Interfax-Ukraine) – Agrofusion, the largest Ukrainian vertically integrated producer of tomato paste, could in August 2017 put into operation a tomato processing plant.
“We are building one of Europe’s largest commodity processing plants. We hope that at the end of August it will be successfully completed and put into operation,” Agrofusion (the Inagro brand) Financial Director Ivan Sakal said at a meeting of business representatives with Head of the State Architecture and Construction Inspectorate Oleksiy Kudriavtsev in Kyiv.
As reported, in March 2017 the European Bank for Reconstruction and Development issued a loan of $15 million to Agrofusion for building the third tomato processing plant.
The loan will allow the company to partially finance the construction of the third tomato processing plant in Ukraine with a capacity of 34,000 tonnes of tomato paste a year.
Earlier, the total cost of the Agrofusion project was estimated by the EBRD at $50 million.
In 2017 the Cabinet of Ministers of Ukraine approved funding of $23 million from the European Investment Bank to Organic System (Mykolaiv region), part of Agrofusion.
