Business news from Ukraine

Hadz horticultural business to invest some EUR 10 mln into fruit storage complex

9 April , 2015  

KYIV. April 9 (Interfax-Ukraine) – The Hadz horticultural business (Ternopil region) plans to build a fruit storage, sorting and packaging complex worth some EUR 10 million.

“We’ll invest in refrigerators, packaging line, logistics to orient not only to the domestic market, but the foreign one… Investment will total around EUR 10 million. This year we start building [the complex]… Next year equipment will be brought,” the owner of the business Petro Hadz said at the fifth financial agribusiness forum “Situation in 2015: Where to Take Money?”

He said that the facilities will be commissioned in 2016. The complex will be located in Buchach (Ternopil region).

Over the past three years the business planted a garden on 600 hectares where apples, pears and plums are growing. In three years Hadz plans to harvest 40,000-50,000 tonnes of fruit.

In 2016, Hadz plans to start exporting apples.