Ukrainian Grain Association
17.06.2010

Russia: United Grain Company to increase shipment volumes of Novorossiysk bakery products plant

17.06.2010

The press-service of United Grain Company announced that on April 29, 2010, OJSC United Grain Company confirmed the investment program for the current year. According to this program, the development of 4 objects in the Azov-Black Sea Basin, which is the major channel of Russian grains export shipment, is the priority project of the company. These objects are: OJSC Novorossiysk bakery products plant, OJSC Grachevsk elevator, OJSC Elevator (Budyonnovsk), OJSC Surovikino elevator...

 

The result of the program realization is the increase of aggregate capacities for storage on the elevators by 111.7 thsd tonnes and the increase by 140 thsd. tonnes at the water terminals, and also the increase of annual shipment volumes from elevators from 0.42 to 1.22 mln tonnes and the increase of annual shipment from the water terminals from 3.5 to 5.25 mln tonnes (including the increase of annual shipment capacities of Novorossiysk bakery products plant from 3.5 to 5 mln tonnes).

The term of reconstruction and building of the investment objects totals 2 years. The general expenditures for reconstruction and building will total nearly 5 bln RUR.

The investment program of OJSC United Grain Company is the element of Russian grain market infrastructure development. The press-service announced that within the frameworks of this work, the company plans the building of the nodal central (routing) and linear elevators, building of the new terminals and modernization of the old-fashioned sea terminals, improvement of the domestic logistics by means of new technologies realization of the grain shipment routing and creating of the park of rail cars- grain carriers.

The realization of infrastructural company's projects is based on the principle of state-private partnership, which can explain the active interest of various private investors to the cooperation with United Grain Company

The interest of the private investors was also called by the offer of United Grain Company to realize some perspective projects, which are oriented on the increasing the export potential of Russian grains, firs of all, which meets the interests of all market participants.

In 2010, OJSC United Grain Company signed the agreements about the joint projects realization with the largest participants of the grain market, with the operators of the development port capacities projects, the company is forming various business plans, adjusting the main parameters of building and modernization of grain infrastructure objects.
 

Agrimarket.info


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