News
19.06.2013
Ukrainian State Food-Grain Corporation and СМСЕС (CHINA) sign contract worth $300 million
Public joint-stock company State Food-Grain Corporation of Ukraine and China National Machinery Industry Complete Engineering Corporation (CMCEC) have signed a contract on imports of products and services from China to Ukraine worth $300 million.
The document was signed by the sides on June 14, 2013 at the final panel discussion of first international annual business conference, ABC: Ukraine & Partners, held in Kyiv on June 13-14, 2013.
As reported, the State Food and Grain Corporation of Ukraine in late 2012 received the first tranche of $1.5 billion from the Export-Import Bank of China. Another $1.5 billion will be allocated later by China.
In August 2010, the government decided to create the State Food and Grain Corporation of Ukraine. The corporation has a chain of branches – grain storage facilities, flourmills, fodder factories and a cereals factory. The 44 subdivisions of the corporation can store a total of 3.46 million tonnes of grain, which includes the grain handling capacities of Odesa and Mykolaiv ports of 2.38 million tonnes of grain cargo per year.
