The Cofco Corporation will launch a grain terminal in Ukraine

The Cofco Corporation will launch a grain terminal in Ukraine

18.05.2016 News

The Cofco Corporation will launch a grain terminal in UkraineThe Cofco Agri Ukraine Company, which belongs  to the Chinese Cofco Corporation is one of the largest global manufacturers and suppliers of agricultural products and foodstuffs, will officially launch the terminal in Mykolaiv sea port on May 19.

This is reported by the “Interfax-Ukraine” with reference to the company’s message.

This terminal is one of the largest Chinese investment in the development of the transport potential of Ukraine, it is a modern complex of transshipment agricultural products.

It will be recalled that the capacity of the terminal for handling grain cargoes is 2.5 million tons per year. Earlier, the cost of the project was estimated at $ 75 million.

Cofco is a multi-state organization, it conducts the purchase and trading of cereals, as well as carries out deep processing of grain. It also owns hotels, shopping malls and vineyards, as well as a joint venture with the Aviva Plc British insurer. The company was founded in 1949, it is one of China’s largest state-owned enterprises. Through a series of acquisitions the company now has assets for more than $ 71.9 billion. Grain storage capacity is estimated at 31 million tons, in processing – 89.5 million tons per year, and has offices in 140 countries.

Last year Cofco completed the purchase of Hong Kong Noble Group. In Ukraine, the Noble Group was owned by  “Noble Resources Ukraine”, LLC  (Kyiv), “Novoalekseevskyi elevator”, LLC (Kherson region), “Satellite”, LLC (Kyiv).

Source: delo.ua

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