Cargill, one of the world's largest private investors in food production, is ready to increase investment in infrastructure at the Yuzhny port, Minister of Economic Development and Trade Aivaras Abromavicius announced at a Ukraine-USA investment conference in Washington.
"Cargill is increasing its investment in the Yuzhny port," he said.
In comments to the CFTS portal, the press service of Cargill confirmed the company's interest in construction of a port grain terminal in the Black Sea.
"At the moment, we are discussing the possibility of constructing a deep-water terminal at the Yuzhny port with the Ukrainian company MV Cargo. We have asked the government of Ukraine to perform dredging work in the port waters in front of the future terminal to facilitate the handling of large vessels," the company said.
Cargill is hoping for a positive outcome, but, according to representatives of the American company, the final decision is still pending.
"This port would be another joint venture between Cargill and the ports of Constanta and Novorossiysk," the company's press service said.
As the Interfax Ukraine news agency reported, citing the Unified State Register of Legal Entities and Individuals, the MV Cargo limited liability company was founded in 2004 by Kornleks Impex Limited (Cyprus). According to Interfax Ukraine, MV Cargo was formerly owned by Valentyna Mushynska, Yehor Hrebennykov, and Andrii Stavnytser (the director and co-owner of the TIS group of terminals).
