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Agrofusion to commission tomato processing plant by September 2017
Agrofusion, the largest Ukrainian vertically integrated producer of tomato paste, plans to put into operation a tomato processing plant in August 2017.“We are building one of Europe’s largest commodity processing plants. We hope that at the end of August it will be successfully completed and put into operation,” stated Agrofusion (Inagro brand) Financial Director Ivan Sakal at a recent meeting of business representatives in Kyiv.
As reported in March 2017, the EBRD (European Bank for Reconstruction and Development) granted a loan of USD 15 million to Agrofusion for building a third tomato processing plant.
The loan will allow the company to partially finance the construction of the third tomato processing plant in Ukraine, with a capacity of 34 000 tonnes of tomato paste per year.
Earlier, the total cost of the Agrofusion project was estimated by the EBRD at USD 50 million.
In 2017, the Cabinet of Ministers of Ukraine approved funding of USD 23 million from the European Investment Bank to Organic System (Mykolaiv region), part of Agrofusion.
Sources: open4business
