The “Astarta” agricultural holding will invest 10 million UAH in the development of the industry

The “Astarta” agricultural holding will invest 10 million UAH in the development of the industry

20.04.2016 News

The The largest producer of sugar in Ukraine, the “Astarta” agricultural holding launched the project on drip irrigation in the Poltava region. The cost of the project is 10 million UAH.

“Irrigation technology will be applied to the crops of sugar beet: first, 360 ha, and according to the results of the project in this year, there will be considered the question about the expanding of the irrigation areas. The company is currently completing the reconstruction of amelioration infrastructure (canal,  hydraulic power station), and after that, immediately will start the installation of drip irrigation systems made in Israel”, –  stated in the report of the holding.

The Investments  in the project will be amounted to about 10 million UAH.

“Astarta-Kyiv” is vertically integrated agro-industrial holding company whose main areas of business are the production of sugar and related products, grains and oilseeds, as well as milk and meat. The company is the leader of the Ukrainian sugar market and one of the largest milk producers in the country.

 At the end of 2015 the company received the net profit of 15.94 million euros against a net loss of 68.08 million euros a year earlier.

The agricultural holding “Astarta” unites 5 regional divisions: “Poltavazernoprodukt”, LLC,  «Agrifirm «named after Dovzhenko», LLC,  “Dobrobut”, LLC (all in Poltava region),  “Khmelnytske”, LLC (Vinnytsa region) and “Volochisk-Agro”, LLC (Khmelnytskyi region).

Source: delo.ua

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