Ristone Holdings invests USD 800 thou. in machinery

Ristone Holdings invests about USD 800,000 in tillage equipment.

"The agroholding plans to reinforce its machinery fleet with tillage equipment to minimize moisture loss during cultivation and, as a result, achieve better sprouting of winter crops," the message reads.

The company will purchase six disc harrows from various manufacturers, such as Horsch Joker, and an additional Deutz-Fahr tractor.

In late May, Ristone Holdings agronomists scouted the fields, and the decision was made to invest additional capital in farm equipment.

Previously reported that the company net profit in 2020 reached USD 10.8 mln.