Business news from Ukraine

CEREALS PRODUCER AGRICOM LAUNCHES OAT FLAKE FACTORY WORTH $10.5 MLN IN CHERNIHIV REGION

17 May , 2018  

Agricom Group on May 16, 2018, launched a factory to produce flakes from oats and other types of cereals under the Dobrodiya trademark in the village of Mykhailo-Kotsiubynske in Chernihiv region. The project is estimated at $10.5 million, the company’s press service said. This includes 40% of the company’s own funds and 60% are loans.
The construction lasted for more than three years, it said. “Way back in 2014, it was decided to start production of value-added products. It took almost four years to move from the idea to the implementation of the project, and now we are again thinking about new goals,” CEO of Agricom Group Petro Melnyk said. The production capacity of the factory is one million kg per month.
The Group has a full cycle of production: from cleaning, peeling, grinding, hydrothermal processing, cutting, rolling and to packing in various types of packaging.
Agricom Group produces and distributes food made of cereals. It combines agricultural, processing and trading enterprises. The Group tills 40,000 hectares in Rivne, Chernihiv and Luhansk regions. Its storage capacities are represented by two facilities for 63,000 tonnes.

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