Business news from Ukraine

Business news from Ukraine

Ukrainian company OLIS has launched seed processing line in Latvia

A turnkey seed processing line for legumes and grain crops with a capacity of 6 tons per hour has been installed at one of the agricultural enterprises in Latvia, according to a press release from the Ukrainian manufacturer OLIS LLC.

“OLIS equipment is well known in the Baltic market: in particular, several comprehensive projects have already been implemented in Latvia with our participation. The launch of this seed processing line is further confirmation that OLIS’s technological solutions meet the high quality standards in effect in the EU market,” commented Vladimir Cheglatonev, the company’s acting CEO, on the launch.

The project involved a full cycle of work: engineering, equipment supply, installation, automation, staff training, and a test run. The line includes equipment manufactured by OLIS, specifically PSO-100 grain cleaning separators with a KAO-1.0 aspiration column, an OMP-6 stone remover, trier blocks, and SPS-3.5 pneumatic sorting tables.

The technological solution was designed for cleaning and preparing wheat, pea, and bean seeds. The quality of seed preparation on the new line has already been confirmed by the relevant regulatory authority in Latvia.

The company emphasized that implementing the project on a turnkey basis allowed the customer to receive a comprehensive solution with coordinated components and to shorten the time required to commission the facility.

As reported, “Olis” resumed operations at its plant in the Odesa region in March 2022.

Olis LLC (Odesa) was founded in April 2005. The company manufactures approximately 200 types of equipment for the grain processing industry. The enterprise is capable of producing grain cleaning complexes, mills, and cereal processing plants from the technology development stage through to commissioning. Additional areas of activity include the installation, repair, and maintenance of industrial machinery, as well as the wholesale trade of equipment. The company’s products are exported to more than 25 countries worldwide.

According to Opendatabot, the company’s revenue in 2025 increased by 2.13%—to 238.95 million UAH compared to 233.97 million UAH in 2024. Net profit for the past year amounted to 2.69 million UAH, compared to 10.42 million UAH a year earlier. The company’s assets are valued at 216.52 million UAH, and its liabilities at 169.7 million UAH. The authorized capital is 60,000 UAH. The founders and beneficiaries of the company are Oleg Vasilyev (35%), Larisa Ostapenko (35%), and Alexander Vereshchinsky (30%).

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