Posco International Corporation Korea-based Company and Ukrainian Orexim Group have officially opened a grain terminal with a total storage capacity of over 140,000 tonnes in Mykolaiv seaport.
As Orexim reported on its website, the grain terminal was built on the base of Mykolaiv Milling Works.
“By the start of work of the new grain terminal Posco plans to increase Ukrainian grain export to 3 million per year. Also, the company has in plans to create their own park of rail wagons for grain transporting,” said the Group.
As reported, in February 2019, Posco Corporation announced that it has signed an agreement with the Orexim Group from Ukraine on the acquisition of 75% of shares in the grain export terminal being built at the Mykolaiv maritime merchandise port.
Orexim Group started its activity in 2004 as a small trading company having transformed over several years of continuing successful activity into a market leader with around 1,000 employees. The group incorporates over 20 enterprises.
The core business is exports of agricultural products, port and logistics services. The company has invested over $100 million in fixed assets.
In August 2016, the group finalized a deal to acquire Mykolaiv Grain Terminal.
In February 2018, the Black Sea Trade and Development Bank (BSTDB) is providing EUR 31 million to Orexim Group to reconstruct and modernize private joint-stock company Mykolaiv Grain Terminal.
