Agroholding Astarta, the largest sugar producer in Ukraine, is investing $14.6 million in the construction of a bulk sugar storage facility on the territory of its Narkevychi sugar plant (Narkevychi, Khmelnytsky region) with a total storage capacity of 60,000 tonnes.
The decision of the board of directors of the group was published on the Warsaw Stock Exchange (WSE) on Tuesday evening.
The commissioning of the facility is scheduled for July 2023.
“Unique for Ukraine, technological solutions under the project will create optimal conditions for long-term storage of sugar and preservation of its original quality. Such warehouse will also allow optimising logistics costs, maintaining the high quality of the company’s products and selling it in alternative packaging,” Astarta said in the statement.
As reported, Astarta planned to build and put into operation this facility back in 2020.
The agricultural holding acquired the Narkevychi sugar plant in 2008.
Astarta is a vertically integrated agro-industrial holding operating in eight regions of Ukraine.
