Business news from Ukraine

PROMETEY GROUP STARTS GRAIN SHIPPINGS TO CYPRUS AND LEBANON

4 April , 2018  

The Prometey Group (Mykolaiv region) since early 2018 started exporting grain to Cyprus and Lebanon.
According to a posting on the company’s website, over 70,000 tonnes of grain was sold by the group in March on the markets of four countries. Along with Cyprus and Lebanon, importers of the group’s grain were also Italy and Greece.
“The increase in export volumes and the expansion of sales markets are one of the priority directions of the company’s development,” a leading trader at Prometey, Yunus Yusupov, said.
All the contracts for the supply of products were performed on the CPT, FOB and CIF conditions. The goods was shipped by large-capacity vessels like Handysize and low-tonnage vessels of Coaster type from Berdiansk, Mykolaiv and Odesa ports. The main crops in this period were corn, soybean, barley and wheat.
In addition, the group plans to invest more than UAH 20 million in the modernization of the Chetyrboki silo (Khmelnytsky region) by the end of 2018.
Now the total storage capacity of the silo is 30,000 tonnes. On the territory of the silo complex there are 15 floor warehouses.
During the modernization, the electronic truck scales will be installed in the silo with a 20-meter platform with a carrying capacity of up to 80 tonnes. It is also planned to automate the points of shipment and unloading, the grain transportation system, repair warehouses, approach roads and internal roads.
The company expects that after the complete reconstruction of the silo the speed of acceptance of grain will double. Prometey provides grain and sunflower storage, processing and logistics services on the basis of 18 elevators in Mykolaiv, Kirovohrad, Kyiv, Khmelnytsky, Zaporizhia and Cherkasy regions. The founder and owner of the group is Rafael Goroyan.