News
28.09.2009
Nibulon implementing USD 150mn investment project
Nibulon Agricultural Limited Liability Company (Mykolayiv), one of Ukraine's farm goods producers and exporters, is implementing an investment program worth USD 150 million on the construction of 7 elevator and river terminals, as well as on the creation of own river fleet.
In particular, the construction of two elevators in Poltava region and a river terminal in Cherkasy region is ahead of schedule and will be completed in less than three months.
According to Poltava region governor Valeriy Asadchev, Nibulon's project is the most important one being presently implemented in the region.
In frames of the large-scale investment project, the company will also create own fleet (24 non-self-propelled dry-cargo river-sea ships, 7 tugboats). The first four non-self-propelled vessels have been already launched and another 4 ships will be put into service in mid October.
Nibulon Agricultural Limited Liability Company cultivates more than 70,000 ha of land. Owing to the company, Ukraine has opened new markets for export of Ukraine's farm goods after a long break - Egypt, Israel, Indo-China countries. In 2008/09 MY, Nibulon exported 4.6 million tons of grain and oil crops.
UKRINFORM
