Business news from Ukraine

Business news from Ukraine

“Nibulon” sells pig farm in Zhytomyr region

9 April , 2024  

One of the largest grain market operators in Ukraine, JV Nibulon LLC (Mykolaiv), has put up for auction a full-cycle property complex in Zhytomyr region, the grain trader’s website reports.
According to the report, the property includes a pig farm and a meat processing plant in the village of Bystryk.
Among the advantages of the business sold by the grain trader are a favorable location in the central part of Ukraine near the capital on an area of 11 hectares, working equipment in satisfactory condition, the availability of personnel consisting of local residents, stable demand for pork and its products in the domestic and foreign markets, its own trademark “Bystrytska”, project and design developments.
The auction will run until April 20.
Nibulon JV LLC was established in 1991. Prior to the Russian military invasion, the grain trader had 27 transshipment terminals and crop reception complexes, capacity for simultaneous storage of 2.25 million tons of agricultural products, a fleet of 83 vessels (including 23 tugs), and owned the Mykolaiv Shipyard.
“Before the war, Nibulon cultivated 82 thousand hectares of land in 12 regions of Ukraine and exported agricultural products to more than 70 countries. In 2021, the grain trader exported the highest ever volume of 5.64 million tons of agricultural products, reaching record volumes of supplies to foreign markets in August – 0.7 million tons, in the fourth quarter – 1.88 million tons, and in the second half of the year – 3.71 million tons.
Nibulon’s losses due to Russia’s full-scale military invasion in 2022 exceeded $416 million.
Currently, the grain trader is operating at 32% of capacity, has created a special unit to clear agricultural land of mines, and was forced to move its headquarters from Mykolaiv to Kyiv.

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