With the beginning of a full-scale Russian invasion, A.G.R. Group. Group and MK Merchants SA, owned by businessman Misak Khidiryan, reoriented logistics routes from Ukrainian seaports to the EU market via road and rail transport as well as the river ports of Reni and Izmail.
Misak Khidiryan told Interfax-Ukraine news agency that the group of companies will continue to export part of its agricultural products through the land border crossings with the EU and along the Danube River even after the liberation of the occupied territories from the Russian troops and Ukraine’s resumption of full trade in the Black Sea.
According to his data, after the full-scale war began, the group of companies searched for elevator facilities in Western Ukraine and transported crop stocks there from the central regions of the country. Later on, logistic channels by road and rail were established for the marketing of agricultural products in the European Union. The group of companies already has an agreement to cooperate with a European trading company with quite a powerful infrastructure throughout Europe, where they have already started supplying their agricultural products.
“In addition, we have agreed that we will work together to load their volumes and have given guarantees that after our victory and the liberation of the occupied territories, we will maintain our partnership, even when the ports are opened and maritime logistics are again a priority. Perhaps even consider with the board of the A.G.R. Group to buy new clusters in the West of Ukraine for a more convenient partnership,” Misak Khidiryan told the agency.
According to him, deep-sea ports are currently inaccessible for export, so road and rail transport is used, as well as Reni and Izmail ports. However, such logistics is much more expensive than sea exports, and it also involves a number of difficulties, such as the inability of drivers – its citizens – to travel outside Ukraine, or large queues of ships in the ports.
However, in addition to the European direction, activity in several countries of the Middle East has been stepped up. “Our offices are operating there and we are running domestic sales to the maximum, because we need additional margin due to high logistics costs. We have to clearly understand that the logistics leverage has increased, freight prices have gone up, energy and fuel prices have gone up, and as a result we are spending about $200 on a ton of exports. $200 on our commodity is a huge amount of money, we used to spend $45-50 per ton,” stated Misak Khidiryan.
Agroholding A.G.R. Group includes more than 20 companies. The main direction of its activity is trade in agricultural products, cultivation and storage of crops, as well as cattle breeding.
A.G.R. Group cultivates land in Poltava, Kiev, Chernigov, Nikolaev and Sumy regions. All grown products are sold on foreign markets.
The president of the holding and head of its supervisory board is businessman Misak Khidirian.
A.G.R.GROUP, agricultural cluster, AGRICULTURAL PRODUCTS, Khidiryan, Merchants, RIVER PORT'S
JSC Kyiv River Port increased its net profit by 5.34 times in 2019 compared to 2018, to UAH 37.989 million.
This data is contained on the agenda of a meeting of shareholders scheduled for April 28, the materials of which are released in the information disclosure system of the National Securities and Stock Market Commission.
Net worth of the company is UAH 37.299 million and charter capital is UAH 17.25 million.
Total receivables increased by 34.1%, to UAH 33.353 million for the year.
The company’s assets as of December 31, 2019 increased by 26.4%, to UAH 106.566 million (UAH 84.328 million in 2018).
Kyiv River Port has more than 1,500 meters of cargo berths equipped with modern handling facilities. The port is equipped with hydraulic structures, special devices for parking, handling and navigational services of the fleet, coastal facilities, repair shops.
