Business news from Ukraine

EPICENTER WANTS TO INVEST EUR 5 MLN IN GRAIN TRUCKS PURCHASING

27 February , 2019  

The Epicenter K Group, developing the agricultural business, plans to invest around EUR 5 million in purchase of 100 grain trucks.
According to the press service of the company, Epicenter will purchase the first 10 grain trucks by the end of February. The approximate cost of one truck is EUR 45,000.
“We are thinking about the alternative to the railway. This season we are exporting grain by grain trucks from the Hnivan and Nemyriv silos (Vinnytsia region). The difference in corn trucking from Nemyriv to the port compared to the railway is $ 2 per tonne, and this is a good bargaining price for corn. In addition, it gives us efficiency in work and ensures the implementation of contracts,” Deputy Head for Agriculture of the Silo Division of the Epicenter K Svitlana Nykytiuk said.
At the same time, according to her, the company plans to complete the construction of railway lines to silos in Vapniarka and Vendychany (Vinnnytsia region).
“At other facilities, there is a railway connection, except for our silo in Kyiv region. The automobile logistics is more interesting there than the railway one,” Nykytiuk said.
The company plans to increase the silo storage capacity to 750,000 or 1 million tonnes. In particular, in 2018, the company began the reconstruction of the Vinnnytsia and Zakupne silos and the construction of two new silo complexes in Vinnnytsia region with a total capacity of 500,000 tonnes. Investments amounted to UAH 800 million, and the launch is scheduled for July 2019.
In addition, Epicenter will increase the capacity of the Hnivan grain collecting station (by 60,000 tonnes), the Nemyriv silo (by 28,000 tonnes) and the Pererobnyk silo in Kyiv region (by 105,000 tonnes). In addition, Epicenter will build a second phase of a silo at Vapniarka.

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