Agrinews

February 28, 11:00 Source: APK-Inform Views: 532

Ukraine: in 2014/15 MY Creative Group to increase soybean processing capacity to 300,000 tonnes per year

In 2014/15 MY Creative Group plans to raise its general soybean processing capacity by 11%, to 300 thsd tonnes per year, informed the press-service of the company.

According to the announcement, it will become possible due to reconstruction of the first production line at the company’s soybean processing plant located in Kirovograd oblast. In November 2013 the Group installed a powerful dryer with 2 thsd tonnes capacity per day at the plant. Currently the soybean processing plant has two production lines with the general capacity of 270 thsd tonnes per year. In addition, the complex includes an elevator with simultaneous soybean storage capacity of 60 thsd tonnes, which was launched in August 2013.

Creative Group is the leading Ukrainian integrated agro-industrial company and one of the largest producers of agricultural products in Ukraine. It produces fats and margarines, sunflower oil and meal, soybean meal and oil and biofuel pellets and is engaged in agriculture, particularly farming and livestock breeding. The Group is a major player in the production of fats and margarines on the Ukrainian market (with a market share of over 30%). It is among the top 3 Ukrainian sunflower seed processors as a result of its installed capacities and is a leading soybean processing company (holding a market share of over 16%).

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