Agromino to increase grain storage capacity in Ukraine

Agromino plans to expand grain storage capacity in Ukraine. This was informed by Petr Krogman, Chairman of the Board, in the interview for NV.Business.

"Next year we will finalize the construction and expansion of another grain storage with the capacity of 40 thou. t in Kovyagi, a village in the west of Kharkiv region," Petr Krogman said.

Currently, the Kovyagi grain elevator has the capacity of 15 thou. t.

As informed by Petr Krogman, in the year 2019, the company modernized and increased the capacity of Vovchansk elevator in the east of Kharkiv region, 10 km from the Ukraine-Russia border, which is now 34 thou. t.

The total storage capacity of Agromino totals 113 thou. t. The facilities are situated in Mykolaiv and Kharkiv regions.

For the period of 9M 2019, Agromino reported net profit of EUR 5.0 mln vs. net loss of EUR 6.4 mln in 9M 2018.