Agrarian Fund and Alapala agreed on the supply of flour mill complex equipment

PJSC Agrarian Fund and the Turkish company Alapala Makina Gida Sanayi Ve Ticaret A.Ş. signed a contract for the supply of equipment for a flour mill complex. The document was signed in the capital of the Republic of Turkey Ankara.

On April 12, after the meeting of the Intergovernmental Ukrainian-Turkish Commission for Trade and Economic Cooperation, the signing of the contract took place.

"The demand for Ukrainian agrarian and processed products is growing with each year, and Ukraine has every opportunity to satisfy it. Agrarian Fund concluded a profitable contract with the Turkish company on terms of attracting a commodity loan for a period of 3 years. In a year and a half, in Ukraine there will be a new high-tech production that will satisfy the needs of Ukrainian producers," commented the Chairman of the Board of Agrarian Fund Andriy Radchenko.

The cost of the first part of the contract is EUR 2.5 million. The commodity loan amount is EUR 2 million. The production capacity of the future flour mill complex is 300 tons of grain per day.

The equipment will be manufactured within 6 months. Then it will be delivered to Ukraine, installed and put into operation. The flour mill complex should be launched in 18 months.

At present, Agrarian Fund is considering 4 regions where a flour mill complex can be constructed, among them are Kyiv, Cherkassy, Kharkiv, and Vinnitsa.

Reference: in 2017, Agrarian Fund increased flour exports by 70% as compared with last year's indicators.