The Epicenter K Group, which was developing agricultural business under the Epicenter Agro brand in the past two years, plans to build two silos in Vapniarka and Vendychany (Vinnytsia region) with a grain storage capacity of 120,000 and 100,000 tonnes. “Five of our silos have a storage capacity of 360,000 tonnes, which is not enough for us. We will build a silo in Vinnytsia region with a capacity of 120,000 tonnes and in the town of Vendychany – 100,000 tonnes of grain, expand the Vinnytsia and Zakupne silos,” General Director of Epicenter K Petro Mykhailishyn said at a press conference devoted to the development strategy of Epicenter K in the Ukrainian agrarian market on Tuesday.
In addition, the group plans to invest in the purchase of three routes (one route consists of 50-60 grain wagons) in 2019 to provide access to the port elevators.
In the future, the group is planning the construction of a near port elevator.
The new agroholding with 110,000 hectares of land cultivates four main types of crops: winter wheat, sunflower, corn and winter rapeseed. In the crop rotation, corn occupies up to 50%, winter wheat – up to 25% depending on the region, sunflower – up to 25%, rapeseeds have a small share and it is grown mainly in the western region of the country. Epicenter Agro also has 6,000 pigs.
“We use loans to replenish working capital, purchase goods, and we send the funds that trade generates to agribusiness. We plan that agribusiness will come to self-sufficiency and profit-making in no more than two years,” the director general said. According to Mykhailishyn, in the village of Kalynivka (Kyiv region), a factory for production of ceramic tiles with an annual capacity of 12 million square meters is under construction.
