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.