KYIV, UKRAINE — UKRLANDFARMING PLC (“ULF” or the “Company”), the leading agricultural producer in Ukraine, today announces the launch of the first stage of its grain elevator in Ostriv, Ternopol region, Ukraine.
The first stage of the elevator has four silo towers with a storage capacity of 70 thousand tonnes in corn equivalent, a grain drying complex with a drying capacity of 250 tonnes/hour and a oilseeds drying complex with a capacity of 38 tonnes/hour. The current storage capacity expansion is in line with ULF’s strategic plans to meet its crop storage needs.
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 crops and animal farming in Ukraine 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.