Business news from Ukraine

Business news from Ukraine

Continental Farmers Group has invested $23.9 mln in upgrading its equipment

The agricultural holding company Continental Farmers Group (CFG) has allocated $23.9 million to upgrade and modernize its fleet of machinery, the company’s press service reported.

“Continental is consistently implementing its investment plans, maintaining a focus on the systematic renewal, standardization, and modernization of its fleet. This approach enhances operational efficiency, cost predictability, and the technological resilience of the business,” emphasized Georg von Nolken, CEO of the agricultural holding.

According to the report, the agricultural holding’s fleet was expanded with 17 tractors of various power ratings, nine self-propelled sprayers, seven seeders, four cultivators, as well as trailer and warehouse equipment. In addition, the company purchased two grain harvesters and one potato harvester.

“Continental” has also expanded its logistics division and purchased 14 new tractor-trailers with semi-trailer dump trucks and five cargo trucks. The agricultural holding explained that this is another step toward creating a closed-loop logistics cycle “from field to elevator,” which will reduce dependence on external carriers.

All new equipment is integrated into the precision farming system. The units support automatic section control, operation based on task maps, and remote monitoring, which allows for the optimization of seed, fertilizer, and fuel costs.

Continental clarified that the purchased machines are already being used in the 2026 spring planting campaign.

The Mriya agricultural holding and CFG, united under the name “Continental Farmers Group,” have been operating as a single business since November 2018, when Mriya signed an agreement with the international investor Salic UK regarding the sale of assets.

Salic was founded in 2012. Its sole shareholder is the Saudi Arabian Public Investment Fund, which invests in agricultural and livestock production.

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