Investment of Nibulon into the launch of a river-handling terminal near Voznesensk (Mykolaiv region) totaled 450 million UAH.
“The cost of the high-tech terminal located on 12.5 ha was some 450 million UAH”, the company said.
The terminal can store 76 thousand tons of grain, the daily capacity of dryers is 4 thousand tons, and the daily loading capacity is 12 thousand tons.
“We are not frightened with competition. We have a strategy designed. Ukraine has good prospects to harvest 80-100 million tons of grain every year. Exports this year are planned at 39 million tons. The figures would grow to 60-70 million tons”, Nibulon director general Oleksiy Vadatursky said.
He said that the company was ready to export 8 million tons of grain every year. Last agricultural year Nibulon exported 4.56 million tons of grain.
Vadatursky believes that the launch of the new terminal will help local farmers to have the more attractive price with the reduction of expenses on grain transportation.
In two weeks the company seeks to finish dredging works on the Pivdenny Buh River to start shipping grain from Voznesensk to Mykolaiv.
Nibulon was created in 1991. It is one of the largest operators in the grain market of the country. The company has elevators with a total capacity of more than 1.7 million tons, as well as its own transshipment terminal in Mykolaiv. (Interfax-Ukraine/Business World Magazine)