Cygnet agricultural company plans to invest $700,000 in reconstruction and modernization of its sugar refinery in Zhytomyr region in 2018.
According to a posting on the company’s website, the works are intended to increase efficiency of the sugar refinery to 2,750 tonnes a day, reduce gas, limestone, coal, raw materials consumption and boost the quality of finished products.
Overhauls and current repair would start in the first half of April.
The company also said that Cygnet sowed 59% of areas with corn, 14% with soybeans, 14% with sugar beets and 10% with winter wheat.
As reported, Cygnet in 2017 invested $2.7 million in the modernization of a sugar factory in Zhytomyr region.
The company cultivates 25,000 hectares in Zhytomyr and Vinnytsia regions, where it grows corn, soybeans, wheat, and sugar beets.
Cygnet also has a dairy business line (about 700 cows), its products are sold to local processors, and the elevator capacity is 60,000 tonnes.