Prometey Group of Companies has signed a $3 million leasing agreement with the First Ukrainian International Bank (FUIB, Kyiv) to produce railcars for grain transportation, the company said on its website.
“Prometey’s positive credit history, availability of its own capital and transparent sources of income all allow us to raise funds in the domestic market, in particular cooperate with leasing institutions, state banks and Western banks,” Irina Ivchenko, head of Prometey Group corporate finance sector, said in a statement.
The group noted that in the second year of the war its companies are under enormous pressure because of the limited working conditions, but continue to “actively move and meet their obligations on time.
At the same time Prometey expressed its willingness to continue cooperation with FUIB, subject to an increase in the limit of financing.
As reported, in January 2023 Prometey stated its intention to expand its fleet of grain trucks up to 200 units. As of January 2023 the holding had 52 grain trucks of its own.
Prometey Group provides services in storing, processing and logistics of crops. Before the Russian aggression, the holding owned 34 elevators 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.
PROMETEY, railway grain carriers
