Business news from Ukraine

LARGEST UKRAINIAN SUGAR PRODUCER WILL LAUNCH PRODUCTION OF SUGAR SYRUP

Agroholding Astarta, the largest sugar producer in Ukraine, in July will invest UAH 500,000 in the installation of a technological line for the production of inverted sugar syrup at Novoorzhytske sugar plant (Novoorzhytske, Poltava region), the release of the first batch of products is planned for August 2021, the company’s press service said.
“The main consumers of inverted syrup will be Ukrainian beekeepers. This product can be used to feed bees, since it allows you to preserve the offspring of bee colonies and increase their productivity. Our product will allow beekeepers to increase the efficiency of their apiaries, introduce modern technologies in this process and maintain a leading position in honey production in the world,” curator of the project Ivan Chepak said.
According to the company, inverted sugar syrup is also in demand in confectionery industry, and if the pilot project is successfully implemented, Astarta will expand its production and expand sales markets. Developing this project, the company is increasing the volume of products with a higher degree of processing, forming the added value of its products, the report explains.
As reported, Astarta is a vertically integrated agro-industrial holding operating in eight regions of Ukraine. It includes five sugar factories, agricultural enterprises with a land bank of 220,000 hectares and dairy farms with 22,000 animals, seven elevators, a biogas complex and a soybean processing plant in Poltava region (Globino Processing Plant LLC).

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ASTARTA STARTS INVERT SUGAR SYRUP PRODUCTION

ASTARTA expands its product range and launches a pilot project on invert sugar syrup production. The initial batch is scheduled for August 2021.
The process of technological reequipment of the enterprise has already started. A special processing line will be installed at the Novoorzhytskiy sugar factory in the first half of July. The total investments are UAH0.5m.
– The main consumers of the first batch of inverted syrup will be Ukrainian beekeepers. This product can be used as feeding during the overwintering of bee colonies and helps to increase their productivity. It will also allow beekeepers to increase efficiency in their apiaries, introduce modern technologies and maintain a leading position in honey production in the world, – said project manager Ivan Chepak.
Invert sugar syrup is in demand with the confectionery industry as well. Therefore, in case of successful implementation of the pilot project, ASTARTA plans to increase the production of invert syrup and expand the marketing capabilities.
Thus, forming the added value of its products, ASTARTA increases the volume of products with a higher degree of processing, creates efficient production with a closed technological cycle and performs technical and technological reequipment of its enterprises.

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