Business news from Ukraine

“Prometey”harvested 45 thousand tons of early grain

7 August , 2023  

Prometey Group has completed the early grain harvest and harvested 45 thousand tons of grain from 6.5 thousand hectares in Mykolaiv region, the company’s press service said.

“This year’s weather conditions have been favorable for grain growing in southern Ukraine, so we have an excellent result. At the same time, the result was facilitated by the coordinated work of the team and technical preparation for threshing,” the statement said.

Prometey next step will be to prepare fields for sowing winter rape. In particular, the company is purchasing fertilizers, tilling the soil and preparing machinery for the sowing season.

Prometey Group provides storage, processing and logistics services for crops. Prior to the Russian aggression, it owned 34 elevators in Mykolaiv, Kirovohrad, Kyiv, Khmelnytskyi, Zaporizhzhia, Sumy, Odesa, Kherson, and Dnipro regions.

By the end of 2021, the group planned to generate $45 million in EBITDA, while in 2020 this figure reached $32.6 million, and in 2019 – $30.5 million.

“In 2023, Prometey plans to increase its land bank from 20 thousand hectares to 50 thousand hectares, and in the long term, to increase it to 100 thousand hectares.