Ukraine: Chinese company to invest 200 mln USD in construction of corn processing plant




The Chinese company plans to invest nearly 200 mln USD in the project of construction of a plant for deep processing of corn in Chortkiv (Ternopil oblast), said the head of the Chortkiv municipal administration, Volodymyr Shmatko, on November 21.

According to him, the authorities continued negotiations with the Chinese company on construction of a new high-tech plant in the industrial park Chortkiv-West. The plant will produce fructose, lysine and glutamic acid.

In addition, V.Shmatko added that in the future it is planned to build two more plants.