The public joint-stock company Agrarian Fund starts negotiations on construction of a mill with Turkey’s Alapala Makina, the industrial division of Alapala Group.
“We have received a proposal on supply of milling equipment from the Turkish manufacturer – Alapala Group, one of the two largest global companies in milling industry. Turkey’s Eximbank will finance the project at EURIBOR (now it is a nil) plus 2.5%. The bank finances Alapala. They supply equipment to us with payments in installments for the period of five years. This is a EUR 4.5 million loan,” the press service said, citing Agrarian Fund Board Chairman Andriy Radchenko.
He said that at present, it was being decided where the mill would be located.
He said that the projected capacity of the future mill would be 150 tons of grain a day.
Currently, Ukraine has around 900 mills, including 20 industrial mills with capacities of over 100 tons of grain a day.
Agrarian Fund does not have its own production facilities. The company’s share of the flour market in Ukraine is 12%. (Interfax-Ukraine/Business World Magazine)
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