Business news from Ukraine

GRAIN TRADER “PROMETHEUS” RESUMED WORK OF THE OFFICE IN THE CAPITAL OF UKRAINE

On April 11, the Prometey group of companies resumed the work of its Kiev office, while its main office in Nikolaev has not stopped working since the beginning of Russia’s invasion of Ukraine, the grain trader’s website reported on Friday.
The owner of the holding, Rafael Goroyan, noted in a message that the Kyiv staff of Prometheus is returning to the production process, since now the city is calm and safe.
The grain trader clarified that he still does not have access to 3 thousand hectares in the Snigirevsky district of the Nikolaev region due to the occupation of part of the region by Russian troops, while the total land bank of Prometheus is 20 thousand hectares.
In the territory controlled by Ukraine, out of 17 thousand hectares, 10 thousand hectares have already been sown with winter crops, sunflower is being planted in the remaining areas.
“Prometheus” recalled that in mid-March, Russian invaders attacked the offices of the production companies “VK Prometheus” (Peski village) and Agro Capital Center LLC (AKC, Dobraya Krinitsa village, both – Mykolaiv region), where they destroyed / x and office equipment, documentation, weighing and monitoring systems. Despite the attack, the company has already reopened branches.
GC “Prometheus” provides services for the storage, processing and logistics of grain and leguminous crops on the basis of 29 elevators in Mykolaiv, Kirovograd, Kiev, Khmelnytsky, Zaporozhye, Sumy, Odessa, Kherson and Dnepropetrovsk regions.
At the end of 2021, Prometey Group plans to receive $45 million in EBITDA, while in 2020 this figure reached $32.6 million, and in 2019 – $30.5 million.
The founder and owner of Prometey Group of Companies is Rafael Goroyan.

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GRAIN TRADER PROMETEY PLANS TO BUY SEVERAL ELEVATORS

Prometey Group of Companies, which owns 29 granaries in Ukraine with a total storage capacity of 1.7 million tonnes of agricultural crops, intends to purchase four-six more elevators this year, the company’s website reported on Monday.
“In the future, Prometey Group intends to take a leading position in terms of one-time storage capacity and become the largest latifundist in Ukraine. This year, the company aims to purchase four-six more elevators,” the grain trader said in a statement.
It is noted that in 2021, Prometey acquired four granaries, which made it possible to increase the elevator capacity of the group of companies by 210,000 tonnes.
Prometey provides services for the storage, processing and logistics of grain and leguminous crops on the basis of 29 elevators in Mykolaiv, Kirovohrad, Kyiv, Khmelnytsky, Zaporizhia, Sumy, Odesa, Kherson and Dnipropetrovsk regions.

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OREXIM GRAIN TRADER BUYS RAILWAY COMPANY

The Antimonopoly Committee of Ukraine (AMCU) has allowed Orexim closed non-diversified venture corporate investment fund to increase its share in the charter capital of Ukrtranslogistic (UTL, Kyiv) to over 50%, whereas now this figure is 10%.
The state regulator made the corresponding decision at a meeting on January 13.
According to the unified state register of legal entities and individual entrepreneurs, the ultimate beneficiary of Orexim with a charter capital of UAH 504.7 million is Ukrainian businessman Yuriy Budnyk.
The investment fund is part of Orexim Group, the main activities of which are the export of agricultural products, port and logistics services. The group has offices in several cities of Ukraine, as well as abroad.
During its existence, the group has invested over $ 100 million in fixed assets.
According to the information on the UTL website, the company is engaged in the lease of railway wagons. Its wagon fleet consists of about 300 wagons, 62% of which are high-sided wagons, 27% are grain wagons, 11% are covered wagons.
According to the state register, Ukrtranslogistic with a charter capital of UAH 35,000 was founded in 2015. The majority shareholder of the company is Volodymyr Kustkov, who owns 31.34% of shares. In addition to him, shares of 10% in the company belong to Orexim and Alveor fund (Kyiv) belonging to Serhiy Kovalchuk and Yevhen Denisov.

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GRAIN TRADER SWISS MARCOPOLO COMMODITIES PLANS TO OPEN OFFICE IN UKRAINE

Marcopolo Commodities S.A. grain trader (Switzerland) has decided to open its representative office in Ukraine by July 2018 in order to improve the efficiency of work of the Black Sea market. “To maximize the efficiency of work of the Black Sea market, the management decided to establish a local representative office. It is planned by the new season to open a Ukrainian office, whose tasks include purchase of grain and processed products and delivery under the CPT terms for subsequent sale to end users under FOB/CIF terms,” director of the company’s analytics department Olena Neroba told Interfax-Ukraine.
The company plans to reach 1 million tonnes of supplies per season. The company intends to purchase goods directly from manufacturers. “We understand that the availability of our own infrastructure will create additional competitive advantages. And we are aimed at long-term cooperation with the Black Sea region and rely on Ukraine,” she said.
Marcopolo Commodities S.A. plans to open an office not only in Ukraine, but also in Madrid to make it easier to work with the south of Europe and in Singapore to enter the Asian market. The Swiss company Marcopolo Commodities S.A. was founded in 2015. It is engaged in trade in grains, oilseeds, processed products and biofuel. The owner and head of the company is Gonzalo de Lusarreta.

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