Prometey Group bought 54 hopper cars from Ukrainian wagon manufacturer Experimental Mechanical Plant (OMZ) Karpaty, the agricultural holding said on its website.
“Control over the logistics chain allows for high margins, therefore, our own railcar fleet will increase the turnover of elevators and strengthen the efficiency of the entire group of companies. We have an extensive network of granaries in different regions of Ukraine, so there will always be work for the wagons,” said Rafael Goroyan, the owner and chairman of the supervisory board of Prometey.
To implement this project Prometey signed a $3 million leasing agreement with the First Ukrainian International Bank (FUIB, Kiev).
In January 2023 Prometey has purchased seven new haulers with DAF trailers and Wielton semi-trailers and announced its intention to increase the number of grain carriers up to 200 units in the nearest future. As of January 2023 the holding owned 52 grain carriers.
Prometey Group provides services in storing, processing and logistics of crops. Before the Russian aggression, the holding owned 34 elevators with the total capacity of 2 mln tons in the Nikolayev, Kirovograd, Kiev, Khmelnitsky, Zaporizhzhya, Sumy, Odessa, Kherson and Dnepropetrovsk regions.
In addition, the group has its own land bank of 20 thousand hectares, which it intends to increase this year to 50 thousand hectares and in the future to 100 thousand hectares.
By the end of 2021, the group planned to receive $45 mln EBITDA, while in 2020 this figure reached $32.6 mln and in 2019 – $30.5 mln.
