Ukrlandfarming will invest UAH 3.5 – 4.0 billion
2013-06-19 16:57:24
According to the official statement made by the company, Ukrlandfarming is looking to invest UAH 3.5 – 4.0 billion (USD 440 - 500 M) in construction of additional elevators over the next 2 years. Company stated that they have already invested approximately USD 750 thousand in construction of additional storage facilities, modernization of seed productions plants as well as purchase of equipment. Company is aiming to increase its storage capacity by 2.1 million tons.
UkrAgroConsult comment: Ukrlandfarming modernization and growth have been on our radar for a long time and since company made certain part of its financial results public, we have been looking forward to observing full audited financial reports. It is clear that we can expect higher revenue streams from the company in the next year. Improvement of company’s storage infrastructure will allow it to become more independent in terms of agricultural production storage and exports.