Business news from Ukraine

Business news from Ukraine

“Prometey” from Nikolaev increased its fleet of grain carriers

Prometey Group has bought 5 new DAF grain trucks with Wielton semi-trailers, thanks to which its truck fleet has expanded to 45 units, follows from a press release from the grain trader on Friday.
It is specified that the next delivery of 10 tractors with semi-trailers will take place in the first ten days of October. In total, by the end of the year, the group of companies plans to increase the fleet of grain carriers to 100 units.
“An appropriate strategy for the development of transport logistics will become a competitive advantage and will reduce the group’s logistics costs. In addition, in connection with the war, the issue of mobility of any company is more than relevant. The Grain Corridor partially reoriented logistics routes leading to the western border of Ukraine to the south , but it cannot be said that this change will lead to a significant reduction in the need for trucks,” the grain trader specified in a press release.
As reported, in June Prometey announced its intention to expand its fleet of cargo grain carriers to 100 units by the end of 2022. Also in June, the grain trader signed an agreement with the state-owned Ukrgasbank to receive UAH 450 million in financing for a sowing campaign and trading activities in agricultural products.
In August, the group of companies received the first batch of 19 new MAN TGX tractors coupled with Wielton semi-trailers.
GC “Prometey” provides services for the storage, processing and logistics of grain and leguminous crops on the basis of 29 elevators in Mykolaiv, Kirovograd, Kyiv, Khmelnytsky, Zaporozhye, Sumy, Odessa, Kherson and Dnepropetrovsk regions.
At the end of 2021, the group of companies planned to receive $45 million in EBITDA, while in 2020 this figure reached $32.6 million, and in 2019 – $30.5 million.

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