Business news from Ukraine

“Astarta” expanded its irrigated area up to 1 thousand hectares and purchased five sprinklers

10 June , 2023  

Agro-industrial holding Astarta, the largest sugar producer in the country, has expanded its irrigated area up to 1 thousand hectares and purchased five sprinklers, the company said on Facebook.
“The project is implemented in the IPK “Poltavazernoprodukt” Astarta-Kyiv Ltd. To the three sprinkler machines were added five more. For this purpose, we purchased four more frontal machines and one circular machine, in order to maximally cover the planned area with irrigation”, – said the agricultural holding.
The new sprinklers have already been put to work on the fields with sugar beets and hybrid corn. There are 14 hydro technicians working in shifts to maintain the machines. Water for irrigation is supplied by Poltava Regional Water Resources Office. To supply it to the fields, the agricultural holding restored and additionally laid about 10 km of communications, explained in “Astarta”.
Restoration of the irrigation system in the agrofirm began back in 2015 on an area of 300 hectares with drip irrigation.
“Currently, the project has been successfully implemented, despite all the economic difficulties and the war,” summarized in the agricultural holding.
“Astarta” is a vertically integrated agro-industrial holding operating in eight regions of Ukraine. It consists of six sugar factories, farms with land bank of 220 thousand hectares, dairy farms with 22 thousand cattle, oil extraction plant in Globino (Poltava region), seven elevators and biogas complex.
Agricultural holding in 2021 increased net profit 14 times compared with 2020 – up to EUR 122.5 mln, EBITDA – 1.8 times, up to EUR 201.5 mln. Its revenue increased by 18.2% – to EUR 491.35 mln, one third of which (EUR 170 mln) was generated by sugar production and sales.