KYIV, UKRAINE — UKRLANDFARMING PLC (“ULF” or the “Company”), the leading agricultural producer in Ukraine, announces today the completion of the second expansion stage of its grain elevator in Dubno, Rivne region, Ukraine.
The total storage capacity of the elevator was increased by 189.2 thousand tonnes to 277.1 thousand tonnes. The elevator is equipped with 9 vertical siloses and two dryers with a drying capacity of 250 tonnes/hour each.
Currently, the Company operates ten vertical grain elevators and 216 horizontal storage facilities with the combined storage capacity of 1.9 million tonnes.
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UKRLANDFARMING PLC (“ULF” or the “Company”) is a leading agricultural producer in Ukraine in crops and animal farming with great potential for further expansion in domestic and global markets. The Company leverages its land bank (654,000 ha) of fertile Ukrainian soil (chernozem) and advanced technologies to develop modern agricultural production and maximize its output.
According to the State Statistics Committee of Ukraine, in 2013 ULF produced around 5.4% of total grain output, as well as 3.8% of milk and 18% of beef products in Ukraine.
According to Pro-Consulting, in 2013 ULF through its subsidiary AvangardCo IPL held a 57% and a 91% share in industrial production of eggs and dry egg products respectively in Ukraine.