Cygnet agricultural company plans to invest $700,000 in reconstruction and modernization of its sugar refinery in Zhytomyr region in 2018.
According to a posting on the company’s website, the works are intended to increase efficiency of the sugar refinery to 2,750 tonnes a day, reduce gas, limestone, coal, raw materials consumption and boost the quality of finished products.
Overhauls and current repair would start in the first half of April.
The company also said that Cygnet sowed 59% of areas with corn, 14% with soybeans, 14% with sugar beets and 10% with winter wheat.
As reported, Cygnet in 2017 invested $2.7 million in the modernization of a sugar factory in Zhytomyr region.
The company cultivates 25,000 hectares in Zhytomyr and Vinnytsia regions, where it grows corn, soybeans, wheat, and sugar beets.
Cygnet also has a dairy business line (about 700 cows), its products are sold to local processors, and the elevator capacity is 60,000 tonnes.
Nestle, one of the world’s largest producers of food, will invest UAH 700 million in the reconstruction and modernization of Mivina factory in Kharkiv. Nestle CEO for Ukraine and Moldova Ansgar Bornemann and Head of Kharkiv Regional State Administration Yulia Svetlychna said this during a press briefing in Kharkiv.
“The company began preparations for the modernization of Mivina factory in 2015. The final project plan was approved in early 2018. The main goal is to develop the factory, improve working conditions and increase the competitiveness of products,” the Nestle official said.
According to him, the project will be implemented in two stages by transforming the existing logistics center into a production facility with the subsequent development of all necessary infrastructure and transferring production lines to new premises.
“Reconstruction will help not only modernize the enterprise but also improve the technology of production. Updating the recipe for Mivina products, in particular reducing fat content in products, will allow meeting the criteria for assessing the nutrition foundation of Nestle products, which are based on dietary recommendations of the World Health Organization,” Bornemann noted. The head of the Kharkiv administration, in turn, reported that almost half of the products produced at the Kharkiv factory are exported to 17 countries in Europe and the world.
The company plans to complete all the stages of reconstruction and commission the updated enterprises by 2021.
