The Allseeds group of companies intends to engage in grain trading, and it is therefore considering the possibility of investing in a grain terminal at a port, the Interfax Ukraine news agency reports.
"With plans to resume trading and transshipment of grain, we are likely to come to a decision on a new grain terminal, and then, of course, we will need at least one dock of our own," Allseeds’ Chief Financial Officer Ihor Frantskevych said during a videoconference at the Ukrainian Investment Day conference organized by the investment company Concorde Capital in New York.
As reported, Allseeds has built an oil extraction plant with a design processing capacity of 4,000 tons of sunflower per day, 3,000 tons of rapeseed per day, and 2,400 tons of soybeans per day at the Yuzhny port (Odessa Region).
The first phase of the oil extraction plant is planned for commissioning in June 2015. The volume of investment in the construction of the first two phases of the oil extraction plant and a transshipment complex for export vegetable oils totaled about USD 200 million.
In May this year, the Allseeds group of companies announced its intention to invest USD 400 million in future projects, including a project for development of rail and port infrastructure, including construction of berths.
The Allseeds group of companies was created in the second quarter of 2010. The company entered the market as an oil trader after attracting foreign investors (Switzerland, Germany, and the Netherlands). It completed the construction of a terminal for transshipment of vegetable oils with a capacity for simultaneous storage of 42,000 tons and launched its operation in 2013.