HarvEast agricultural holding has launched a seed treatment line with a production capacity of 8 tonnes per hour in Donetsk region, the company’s press service has reported.
According to the report, investment in the launch of the line amounted to about $2 million. The universal seed line of the Danish company Cimbria was installed by the agricultural holding in the territory of the former oil press plant located in Nikolske district of Donetsk region.
“Together with the line for the processing of seeds, the quality control laboratory for the manufactured products began to work. By the end of 2018, the plant will be reconstructed, a silo with a storage capacity of 9,000 cubic meters will also be put into operation in its territory,” the agricultural holding said.
After increasing the production capacity in 2019, the plant will treat the seeds of wheat, sunflower, legumes and maize for both the needs of HarvEast and external customers.
The company said that in 2017, HarvEast began to develop the seed direction as a separate type of business with a sunflower seeds hybridization project for MAS Seeds. In 2018, the agroholding expanded cooperation with the French partner to three projects, and also started growing seeds for Euralis Semences, DuPont Pioneer and Alta Seeds. HarvEast also introduced irrigation systems on 1,100 hectares of land in Donetsk region.
The Kyiv City Council at a plenary session on Thursday has amended the city’s budget for 2018, expanding the charter capital of municipal enterprise Kyivteploenergo by UAH 196 million.
The press service of the Kyiv City Council reported that the revenue target of the general fund of Kyiv’s budget was met by 108.4% in January-September 2018, which gave grounds for reviewing the revenues and expenditure of the document.
It was decided to assign UAH 196 million to expand the charter capital of Kyivteploenergo and UAH 100 million for education (payment of wages to teachers).
The Antimonopoly Committee of Ukraine has permitted Sergiy Tigipko to acquire over 50% of shares in private joint-stock company Kuznya on Rybalsky plant (Kyiv) indirectly via Avins Limited (Cyprus).
“Citizen of Ukraine was permitted [indirectly via Avins Limited (Cyprus)] to acquire shares in PrJSC Kuznya on Rybalsky plant (Kyiv, Ukraine), which will grant over 50% of the votes in the management body of the company,” the committee said in an official report on Friday.
As reported, the committee received Tigipko’s application on September 26, 2018.
Earlier the TAS Group belonged to Tigipko said that the group has reached a preliminary agreement on acquisition of PrJSC Kuznya on Rybalsky Plant.
“After receiving a permit from the regulator, the sides plan to continue finalizing the deal,” the group said.
The cost of the deal and the term for finalizing it are not disclosed.
Kuznya on Rybalsky is a famous shipyard on the Ukrainian market. The key shareholder in the plant privatized in 1995 is the non-diversified corporate investment fund Prime Assets Capital (earlier Petro Poroshenko fund, Kyiv).
Alpari Bank (Kyiv) has increased its charter capital by UAH 32 million or 16%, to UAH 232 million via an additional issue of shares, the bank has reported in the information disclosure system of the National Commission for Securities and the Stock Market.
The NBU registered Alpari Bank on October 26, 2012.
According to the central bank, as of January 1, 2018, the sole shareholder in the bank was Bakhtari Hedayat-Allah Musa.
According to the regulator, the bank ranked 81st among 84 operating banks as of June 1, 2018, in terms of total assets worth UAH 264.018 million.
Sweden’s retailer H&M on Thursday opened its store in the Sky Mall in Kyiv, expanding its Ukrainian chain to two stores.
The company’s press service reported that the area of the store is 2,500 square meters.
As reported, the first H&M store in Ukraine with an area of 3,000 square meters was opened on August 18 in Kyiv’s Lavina Mall.
The H&M Group has 47 online marketplaces and over 4,700 stores on 69 international markets jointly with the stores operating under franchise contracts.
According to the unified public register of companies and individual entrepreneurs, the ultimate beneficiary is Stefan Persson (Sweden). The charter capital is UAH 696,900.
Gross production of soybeans in Ukraine in 2018 could be 4.2-4.3 million tonnes, which is 10% more than in 2017, Regional Director of the Donau Soja Association Oksana Prosolenko has said.
“It is expected that by the end of 2018, we will reach 4.2-4.3 million tonnes of soybeans. It is too early to predict the situation for 2019, given that the rules of the game have changed. You can estimate it at the end of winter and early spring,” Prosolenko told Interfax-Ukraine.
In the eight months ending August 2018, 3.426 million tonnes of soybeans were harvested, while for the whole of 2017, 3.8 million tonnes were harvested, President of the Ukrainian Association of Soybean Producers and Processors (Ukragropromsoya) Viktor Tymchenko said at the second Annual Agrarian-Practical Fat-and-Oil Conference in Kyiv on Thursday.
According to him, the average yield of soybean in 2018 is 2.53 tonnes from one hectare, while in 2017 the yield was 1.6-1.7 tonnes from one hectare due to adverse weather conditions.
Tymchenko also said that the export of soybeans for eight months amounted to 1.5 million tonnes of soybeans, whereas in 2017 – 2.8 million tonnes. The largest importer of Ukrainian soybeans is Turkey (700,000 tonnes of raw soybeans for processing). The import of Belarus has noticeably increased (from 70,000 tonnes to 200,000 tonnes), as the country built a plant for processing soybeans at the border with the EU.
At the same time, according to Prosolenko, Ukraine now has the opportunity of increasing the export of soybeans to EU countries.
According to Tymchenko, soybean export is complicated by the logistics problems of Ukrzaliznytsia. Prosolenko also said that although officially the cultivation of genetically modified soybeans in Ukraine is not allowed and does not officially exist, but in fact, 60-70% of soybeans are modified. It also complicates exports, the expert said.
According to the president of Ukragropromsoya, soybean processing in Ukraine is about 1 million tonnes: 751,000 tonnes of meal and 174,000 tonnes of oil. Export of meal amounts to 39,000 tonnes, oil – 166,000 tonnes.
At the same time, according to the expert, the increase in the processing of soybeans is unlikely, since Ukraine’s domestic sales market is shrinking due to the decrease in the number of animals fed with soybean meal.
