A new UAH 50 mln elevator complex to appear in Cherkasy region

The Poseidon company announced its plans on the construction of a modern elevator complex in the cargo port area of Cherkasy, zmi.ck.ua reports.

The company's spokesman Roman Sennik informed that the construction investment was estimated at UAH 50 million. Poseidon is to acquire a permit for the development of a detailed area plan. He said that the elevator is planned to be built at 5 Port str.

"The storage capacity of the complex will be 18 thou. tons, thus creating 130 jobs," Roman Sennik noted.

According to him, 90 pct of the materials for the construction of the elevator will be delivered by rail, so motorways will not be damaged.

The Ukrainian company KMZ Industries will supply silos for the construction of grain storage. Equipment installation is planned for spring.

Previously it was reported that the South Korean Posco Daewoo Corp. signed on February 12th an agreement for the purchase of a grain export terminal in the port of Mykolaiv, thus becoming the first Korean entity to own the operating rights to a grain storage facility overseas.

The new infographic guide Agribusiness of Ukraine 2017/18 is available by the link.