Terra (Kharkiv), one of Ukraine’s largest cereals and flakes producers, will build a $20 million plant in the west of the country, ZAXID.NET writes.
“Now we are determining the site for the construction. We are considering Lviv, Ternopil and Rivne regions. We have big requirements for the territory: we need a railroad, a transportation hub, infrastructure and people. Logistika is important for us, both for consumers in Ukraine and for export”, – informed the commercial director of the company Alexandr Yasinsky.
Capacities of the new plant will allow to process 300 thousand tons of raw materials a year and produce 150 thousand tons of products a year. Besides groats, flour, flakes, kasha and instant soups, “Terra” is going to launch buckwheat and corn processing lines. It is planned to build a bio boiler house at the plant to meet production needs.
According to the commercial director, production lines, packaging and transportation will be automated as much as possible.
Terra is currently negotiating with a foreign bank to open a $20 million credit line, is looking for a partner to invest in the new plant, and is considering cooperation with large agricultural producers.
According to Jasinski, if the company manages to find ready-made premises, it will be possible to launch a new factory in a year, while the construction of production from scratch will take about two years.
In parallel, Terra will be developing its own retail network of stores across Ukraine. The first market has already been opened in the Kharkiv region.
Terra was registered in Kharkiv region in 1999. The company makes about 200 types of products, including groats, cereals, flour, instant porridges and soups, mixed fodder, and exports them to 67 countries: the USA, Europe, UAE, South Africa, Malaysia, Sri Lanka, etc. “TERRA” is one of the largest producers of cereals in Ukraine and in the top-5 organic producers.
The beneficiaries and founders of the company are Alexander and Igor Yasinskiy, and the co-founders are Sergiy Prikhodko and Oleg Gozhenko.
