Business news from Ukraine

Business news from Ukraine

ASTARTA COMPLETES SPRING SOWING CAMPAIGN

Astarta agroindustrial holding, the largest sugar producer in Ukraine, has completed sowing of spring crops on around 170,000 ha.
The holding said in a press release that sugar beet was sowed on 41,000 ha, sunflower on 41,000 ha, corn on 67,000 ha, soybean on 20,000 ha, and the rest are under other crops (barley, oats, buckwheat and other).
“The structure of crop rotation reflects the existing market trends. Thus the reduction of sugar beet plantings will allow the company to organize harvesting and processing of beets in the optimal terms, focusing on the cost-efficiency and quality of sugar. In addition to own beet production Astarta will traditionally cooperate with farmers who supply its factories with sugar beets,” the company said.
The increase in areas under corn could also bring a good financial result against the backdrop of the continuing trend of price recovery for this crop.
This spring sowing campaign was conducted in a record short terms.
“All technological operations were carried out in the optimal time, which along with appropriate level of soil moisture gave a quick start to plants growing. The company is progressing in improving the efficiency of field works: we are concentrating each culture sowing on the large plots, using GPS tracking not only for tractors, but for all trailed aggregates,” the company said.
As of the end of May, winter and spring crops are mostly in good and excellent condition. The weather in the Eastern and Western production units contributes to their development.

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IN TIME DELIVERY SERVICE SEEKS TO BOOST NUMBER OF OFFICES BY 87 IN 2018

The In Time national delivery service plans by the end of 2018 to increase the number of offices by 13.7%, to 720 and install 100 own pick-up and drop-off points in Kyiv.
“This year we plan to increase the number of In Time offices to 720. We are also working on the format of offices, we are looking for the right forms, the right places, the right set of services in them,” the founder of In Time Serhiy Hrachev said at a press conference on the occasion of the company’s 16th anniversary on Thursday.
According to him, for 16 years of work in the market the company has reached the parameters for the delivery of parcels from the first time in 92.6% of cases, completely eliminating the facts of their non-delivery. At the same time, the delivery time to the regional centers was reduced to 24 hours, to remote regions – up to three days, and the service of targeted delivery to the most distant settlements – up to seven days.
Currently, In Time works in 439 settlements, serves 648 offices, 2,000 delivery points, 1,445 pick-up and drop-off points in partnership with PrivatBank (Kyiv).
Hrachev pointed out the active development of Zruchna service – targeted delivery for online stores in two-hour intervals convenient for the client, believing that in the coming years, e-commerce will be the key driver of the logistics market. According to him, about 200 online shops have already been connected to the service, and contracts with several large marketplaces are in the process of signing.
He said that In Time plans to develop own pick-up and drop-off points chain.
“We have developed our own pick-up and drop-off point management system. We have our own points. We will install and test them with one of our partners. We want to install 100 points in Kyiv for tests,” Hrachev said, adding that they are to be installed this year, in the most visited places, but not outdoor, in buildings.
In general, Hrachev said, In Time in 2018 will continue to implement the plan for the restructuring and modernization of IT infrastructure and offices in accordance with rebranding plans.
The In Time national delivery service was established in May 2002 with a central office in Kyiv.

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AMOBI CAPITAL FROM USA WANTS TO EXPAND SOLAR POWER PLANT IN UKRAINE TO 50 MW

Amobi Capital (the United States) seeks to expand the capacity of its solar power plant in Bohuslav, Kyiv region, from 4.5 MW to 50 MW, the company has reported on its website. Amobi Capital said that the project is being implemented by Helios Royal Energy founded by Amobi Capital. Participants of Helios Royal Energy are investors from Saudi Arabia, Egypt and China. The ultimate beneficiary of Amobi Capital is Ugo Amobi.
As reported, Sun Green Energy LLC is building a solar power plant with an installed capacity of 16 MW in Bohuslav. In January 2018 Sun Green Energy has already commissioned the first stage of Bohuslav solar plant with a capacity of 2.28 MW, and in late February received a feed-in tariff for it.
The beneficiaries of Sun Green Energy LLC in the state register are Cypriot-based Neytvic Investments Ltd., and individuals Eduard Zavizion and Arkadiy Sokolov.
PJSC Kyivoblenergo in 2017 signed an agreement worth UAH 26.33 million with Podilsky Energy Consulting LLC for the construction of an overhead power grid of 35 kV within the existing power transmission line Temp-Yukhny for the connection of Bohuslav solar plant. It was planned to complete the work by April 2018.
Earlier the Bohuslav solar plant project was carried out by Ekotechnik Bohuslav, which is part of the Czech group Ekotechnik. The total capacity of the project is 42 MW.

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DANISH INVESTOR WILL INVEST EUR 800,000 IN MINK FARM IN UKRAINE

Danish investor Hans Olesen plans to build a mink farm in Zhytomyr region, according to the website of the regional state administration. According to the report, the memorandum on cooperation was signed by the investor and Head of Zhytomyr Regional State Administration Ihor Hundych on May 30, 2018. “The investment project envisages the construction of a mink farm in Korostyshiv district for 5,000 animals. Within five years, the investor plans to expand the farm by 10,000 animals. The amount of investments is EUR800,000,”the report says.
In addition, the investor plans to develop the social sphere and social facilities of the district.
The farm will provide ten jobs during construction and 30 jobs during operation.

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GRAIN COMPANY NIBULON COMMISSIONS ELEVATOR COMPLEX FOR GRAINS AND OILSEEDS TRANSSHIPMENT

Nibulon on May 23, 2018 commissioned a new elevator complex for transshipment of grains and oilseeds with a capacity of about 43,000 tonnes within the loading terminal in Mykolaiv. According to a report on the website of Nibulon, the complex includes six tanks with a capacity of 7,200 tonnes each.
In addition, the pier with a length of 222 meters has been reconstructed.
“The new complex with equipment from the manufacturers Bühler GmbH (Germany), Precia SA (France), Cimbria Unigrain A/S (Denmark), UAB Liucija (Lithuania), etc. increased the total capacity of the grain storage facilities located in the territory of the company’s transshipment terminal in Mykolaiv to 173,000 tonnes and allows separately and simultaneously storing seven different crops,” the report states.
Nibulon was established in 1991. It is one of the largest operators in the grain market of the country. It has elevators with a total capacity of about 2 million tonnes, as well as its own transshipment terminal with a capacity of 5 million tonnes in Mykolaiv. Nibulon cultivates 83,000 hectares of farmland. It exports agricultural products to more than 60 countries. The annual volume of exports exceeds 4.5 million tonnes.

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