Business news from Ukraine

Business news from Ukraine

PROMETEY GROUP WANTS TO BUY FOUR ELEVATORS IN KIROVOHRAD, KHMELNYTSKY REGIONS

18 November , 2015  

KYIV. Nov 18 (Interfax-Ukraine) – The Prometey (Prometheus) group of companies (Mykolaiv region) plans to buy four elevators in Kirovohrad and Khmelnytsky regions soon, boosting their total number to 12.

“Today Prometey is buying four more large elevators in Kirovohrad and Khmelnytsky regions. We have eight elevators and then we will have 12, and we’re going to enter the list of large elevator owners, as we would have a storage capacity of 500,000 tonnes. Right now, our elevators can store 350,000-400,000 tonnes,” Prometey President Rafael Horoyan told reporters at the Global Grain Geneva 2015 conference.

He did not disclose the name of the company that would sell the elevators.

He said that over the past two years the Prometey elevator chain has grown from three to eight. Its truck fleet was expanded by 27 large-capacity grain carriers, and sales have tripled, to 350,000 tonnes.

“I will try to not increase the storage fees for as long as possible. This year we accept grain free of charge and pre-sales storage as well if later suppliers sell grain to Prometey. I hope that at the end of this agricultural year we will reach 500,000 tonnes in sales,” he said.

In November 2015, Prometey opened a second office in Kirovohrad.

In late July 2015, Prometey bought an elevator complex in Mykolaiv region.

Prometey provides grain and sunflower seeds storage and logistics services on the basis of eight elevators in Mykolaiv, Kirovohrad and Kyiv regions.