Vinnytsa agro-industrial group invests $ 20 million in its development

Vinnytsa agro-industrial group invests $ 20 million in its development

31.03.2016 News

Vinnytsa agro-industrial group invests $ 20 million in its development “Vinnitsa agro-industrial group” plans to attract financing in the amount of $ 20 million. This was said by the general director of the group, Vladimir Bartz.

“We hope to raise $ 20 million. We need them to increase the land bank, to attract more equipment as well as construction of oil extraction plant at the facilities of our silos”, – he said.

He also said that the new power plant will amount to 1 thousand tons per day, and increasing size of the land bank will depend on the amount of funds that can be attracted.

“If the amount will correspond with our plans, I think, we will be able to expand for 15 thousand hectares annually. We already have the experience of similar pace of expansion. This entails the flow of financial resources and attracting technology. Spending on Technology Park is about $ 500 per hectare”, – said Vladimir Bartz.

The holding “Vinnytsia agro-industrial group” was established in 2009 to conduct agricultural business in the region.

Today the “Vinnytsia agro-industrial group” holding is a vertically integrated group of companies, which has at its disposal: a land bank of about 50 thousand hectares of arable land in 13 regions of Vinnitsa and 1 district in  Khmelnitsky region; 4 certified elevators with a total storage capacity of 250 thousand tons; 188 units of modern imported equipment for the quality conducting the entire range of field work; qualified staff, amounted to 764 people.

Source: latifundist.com

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