Foreign companies will build in Vinnytsia region factory on processing of corn for $14 million
“We have completed talks with the renowned American company Bunge, which in partnership with the Spanish group of companies DAX roughly a year to build in Vinnytsia region the processing plant corn grits and flour with a design capacity of 100 thousand tons per year. The projected investment volumes of $14 million will be built in S. Demkivka Trostyanetsky district on an area of about 3 hectares,” – said the Cow.
He said that for the processing of corn into flour will need to raise in the region of the special seeds. You will also need to work with farmers that the corn is consistent with the desired conditions.
According to the head of the Vinnytsia regional state administration, the construction of the plant is scheduled to begin in the fourth quarter of this year, to build production capacity for 14 months and put it into operation in the fourth quarter of 2019.
The plant will process 300 tons of corn per day, or 100 thousand tons per year. 80% of the finished product will be sold for export.
It is noted that the new facility will have capacity for storage of corn (8.4 million tonnes) by-products (900 tons) and major products (1 million tons).
The composition of the DAX Bunge Ukraine with a share capital includes two of the company. In particular, the group of companies of DAX (Dacsa Maiserial Espanolas, S. A.) is a leading European recycler of corn and rice, which processes about 800 thousand tons of production on 6 plants. The main office is located in the Spanish city of Valencia.
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