Potato processor Adelaida seeks $19 million to build $38 million processing plant in central Ukraine
Agricultural company Adelaida is seeking $19 million in external financing to build a potato processing plant in Zhytomyr region, according to the Ukraine Investment Catalogue 2026 presented at the Ukraine Recovery Conference 2026 (URC2026) in Gdańsk.
The total investment is estimated at $38 million. Adelaida is prepared to finance half of the project with its own funds and plans to raise the remaining $19 million through a blended financing structure combining debt and equity.
The facility will be built at the company's existing farming operation in Zhytomyr region. It will have the capacity to process up to 300 metric tons of potatoes per day and produce up to 20,000 metric tons of finished and semi-finished potato products annually.
The plant will specialise in peeled, vacuum-packed, and heat-treated potato products using food processing technologies including vacuum packaging and pasteurisation.
The company's target customers include food manufacturers, the HoReCa sector, catering companies, and retail chains. In addition to the domestic market, Adelaida plans to export its products to EU countries, the Balkans, the Middle East, the Caucasus, and Central Asia.
According to the investment catalogue, the company has already completed the project's preparatory phase. It has installed irrigation systems covering 600 hectares, produces around 29,000 metric tons of potatoes annually, and has commissioned washing, peeling, and vacuum-packing lines.
Construction of the processing plant is scheduled for 2027–2028, with commercial operations expected to begin in 2028.
Once operating at full capacity, the facility is projected to generate $40 million in annual revenue and $17.7 million in EBITDA. The project is expected to have a 5.5-year payback period and an internal rate of return (IRR) of 41%.
In December 2024, Adelaida commissioned a 10,000-ton potato storage facility with an integrated processing unit in Zhytomyr region.