Business news from Ukraine


22 February , 2016  

KYIV. Feb 22 (Interfax-Ukraine) – Public joint-stock company State Food-Grain Corporation plans to send over UAH 10 million of capital investment in the Krolevets grain production center (Sumy region) in 2016.

“Many plans and much work are ahead. This year large capital investment of over UAH 10 million is planned. Now we’re working on the project to modernize power supply to the enterprise with the switch to the first class power consumption. This would allow saving on purchase of power and cut cash cost of finished products,” the corporation said, citing Director of Krolevets grain production center Hennadiy Hordiyenko.

He said that the branch would resume production of pasta in 2016.

“At the beginning of the year we plan to restore production of pasta. We have all the required equipment and materials for this: Italian equipment, high-quality flour and a desire to supply high-quality products to the market,” Hordiyenko said.

Krolevets grain production center makes wheat flour, mill offals and mixed fodder. The center accepts, dries, stores and ships grain and leguminous crops and oilseeds.

In August 2010, the government decided to create the State Food and Grain Corporation of Ukraine. The corporation has a chain of branches, comprised of grain storage facilities, flourmills, fodder factories and a cereals factory. The 53 subdivisions of the corporation can store a total of 3.75 million tonnes of grain, which includes the grain handling capacities of Odesa and Mykolaiv ports of around 2.5 million tonnes of grain cargo per year.