KYIV. April 27 (Interfax-Ukraine) – The investment of ED&F Man, one of the world’s largest sugar trading companies, in the first stage of an irrigation complex in the village of Kyselivka (Kherson region) amounted to $5 million.
According to a company press release, the first stage of the project is launched for irrigation of 1,000 hectares in Kherson region.
The company plans by 2020 to increase the total area under irrigation to 20,000 hectares in Mykolaiv and Kherson regions and invest more than $60 million.
“New automatic irrigation systems will ensure the proper moistening of fields around Zaselsky sugar plant, solve the problem of growing sugar beets in conditions of arid steppe,” the company said in the press release.
ED&F Man owns Zaselsky sugar factory (Mykolaiv region) with a production capacity of 50,000 tonnes of goods per year.
For the period of its work in Ukraine, ED&F Man has invested more than $150 million in development.
