Epicenter K, which has been actively developing agricultural business in the last two years, in 2019 will build five new elevators with a total value of about EUR50 million.
According to the press service of Epicenter, the company signed a contract for the construction of elevators with the Polish manufacturer of complex granaries Feerum S.A, which will provide a “supplier credit” to Epicenter for the implementation of the project. According to the Feerum website, the terms of the loan provide for an advance payment of 15%, the remaining 85% are payable within five years.
The total capacity of the new elevators will be 725,000 tonnes. The complexes will be located in Vinnytsia, Kyiv and Khmelnytsky regions. Commissioning is scheduled for September 2019.
According to the company, the new elevators will allow Epicenter K to become independent of the market shortage of grain storage capacities and provide grain storage services for other agricultural producers.
Epicenter K cultivates over 111,000 hectares in Vinnytsia, Khmelnytsky, Ternopil, Cherkasy, and Kyiv regions. The group also includes 20 livestock farms.
Epicenter K was created in 2003. The first construction hypermarket of the company was opened in Kyiv in December of the same year.
