ROSTOK-HOLDING spent USD 2 mln on Glukhiv grain storage modernization
13 October 2020, 10:42
ROSTOK-HOLDING group of companies finalized the reconstruction of its grain elevator in Glukhiv town of Sumy region. The company invested USD 2 mln in the facility.
As informed by the company's CEO Andrii Shvab, grain storage capacity was increased by 27,000 t through the construction of three additional units. Following the reconstruction, the total storage capacity is 75,000 t.
The elevator is already in operation and is used to store grain harvested in the group's farms during the summer harvesting campaign, he added. This will allow the company to reduce costs and loss of quality when storing products in bags.
As a reminder, the company repaid more than USD 10 mln of loans within two years.
