KYIV. Nov 16 (Interfax-Ukraine) – Grain Alliance (Stockholm, Sweden) with assets in Ukraine plans to invest about $2 million in the launch of a flour mill in Yahotyn (Kyiv region) in April-May 2018.
“Now we are working, we’ve already brought equipment for wheat processing into flour. We plan to start it in April-May,” Grain Alliance CEO Yevhen Radoveniuk said on the sidelines of the Ukrainian Agribusiness Forum in Kyiv.
According to him, investment in the plant will amount to about $2 million.
In addition, the company is developing two projects to create added value: production of seeds of soybeans, wheat, oats, rye, and production of liquid micro fertilizers.
“In the next year or two investment in seed production could reach $1-1.5 million, flour production about $2 million, and mineral fertilizers about $1 million,” the expert said.
As reported, Grain Alliance plans until 2020 to double elevator capacity, to 400,000 tonnes. Over this period, it plans to expand its land bank to 100,000 hectares, reach grain sales of 1 million tonnes.
Grain Alliance cultivates 53,000 hectares of agricultural land in Ukraine: in Kyiv, Cherkasy, Poltava, and Chernihiv regions.
