Business news from Ukraine

ROSTOK-HOLDING TO INVEST UAH 90 MLN BY JULY IN MODERNIZATION OF ELEVATOR IN CHERNIHIV REGION

13 April , 2017  

KYIV. April 13 (Interfax-Ukraine) – Rostok-Holding agro-industrial group plans to modernize an elevator complex in Novhorod-Siversky (Chernihiv region) before harvesting of early crops.
“Reconstruction of the Novhorod-Siversky elevator would help to realize our plan to optimize the structure of sowing in this cluster, in particular, to double areas with the most profit-making crop – corn. This would also allow adjusting the sowing of less profit-making crops,” Rostok-Holding CEO Valeriy Laskov said.
The cost of the project is around UAH 90 million.
After the completion of the modernization the complex’s storage and accepting capacity would double, to 22,500 tonnes and 2,500 tonnes respectively. The corn drying capacity would grow by five times, to 1,500 tonnes a day. The shipment capacity would expand to 1,500 tonnes a day.
After the completion of the elevator reconstruction the group’s storage capacity would be over 100,000 tonnes, corn drying capacity – over 6,000 tonnes a day. The shipment capacity would rise to 4,500 tonnes a day.
Rostok-Holding LLC, created in 2010, is a vertically integrated agro-industrial group. It specializes in cultivation and sale of grains, production, processing and sale of dairy products, grain trading.
It has nine cattle farms, three elevator complexes and trading companies. Its land bank is 60,000 ha.