Kusto Logistics, part of Kusto Agro PTE. Ltd. (Singapore) has acquired 25 grain hoppers and plans to expand its fleet to 70 hoppers by the end of this year.
“Now the total fleet of the company’s wagons is 45 units. It is planned to purchase another 25 grain hoppers [by the end of 2019],” the company told Interfax-Ukraine.
As reported, Kusto Agro acquired Lischynske LLC and Tereschenko Agrarian Fund LLC in Zhytomyr region from France’s AgroGeneration with assets in Ukraine.
Kusto Agro is part of the international holding Kusto Group (Singapore), which develops business in oil, energy, agricultural, construction and other industries. Kusto Group implements projects in Ukraine, Russia, Kazakhstan, Georgia, Turkey, Vietnam, and China.
In Ukraine, the company’s land bank is 12,000 hectares in the Vinnytsia, Zhytomyr, and Khmelnytsky regions. In addition, Kusto Agro owns three silos with a total storage capacity of 90,000 tonnes. The group also has about 600 heads of dairy herd.
According to the information on the group’s website, Kusto Agro plans to create a land bank for crop production of at least 100,000 hectares over the next five years.
Kusto Agro plans to spend $800,000 on purchase of new agricultural equipment by July 2018. According to information on the group’s website, in particular, it plans to buy two Case Tiger Mate cultivators, two John Deere tractors, a Kinze seeder with additional equipment, trailers, sunflower harvesters.
“Every year we update and expand our machinery. The enterprise is not small, therefore we cannot completely renew the entire fleet of vehicles in one season. But we are gradually expanding it,” Director of Kusto Agro Farming Volodymyr Sery said.
“Kusto Agro is part of Kusto Group international holding (Singapore), which develops business in oil, energy, agricultural, construction and other industries. Kusto Group implements projects in Russia, Kazakhstan, Ukraine, Vietnam, China, Turkey, and Georgia.In Ukraine, the land bank of the company is 12,000 hectares and is located in Vinnytsia, Zhytomyr, Khmelnytsky regions. In addition, Kusto Agro owns three elevators with a total capacity of 90,000 tonnes.
