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Mykolaiv  >  News  >  Business
Allseeds-Ukraine launches vegetable oil transshipment terminal in Mykolaiv
Jan 21 2009, 18:26

MYKOLAIV, JANUARY, 21st, 2009, CONTEXT-PRICHERNOMORIE – CJSC Allseeds-Ukraine (Kyiv) – one of the largest Ukrainian oil-market participants launched vegetable oil transshipment terminal in Mykolaiv, Context-Prichernomorie correspondent reports.

The company stated it in their official information.

At present, the first line of the terminal was launched with production capacity 500 thousand tons of oil annually.

The company plan to open the same kind of a line during 2009.

Previously grain-trading company Allseeds-Ukraine being part of Allseeds Group reported about their intentions to invest not less than 50 million USD in their own capital.

The funds are being attracted for construction of vegetable oil transshipment terminal and oil-extracting factory in Mykolaiv.

INFORMATION: Allseeds Group is one of the world leading producers and exporters of vegetable-oil. In 2007 Allseeds held 10 % of sunflower-seed oil’s world trade and 17 % of crude sunflower oil imports into the European Union. The company is the third biggest producer of crude sunflower-seed oil in Ukraine with a 25-27 % market share of sunflower-seed oil exports from Ukraine. The Company possesses two processing plants, with aggregate processing capacity amounting to 565 000 tons per year; 16 storage facilities with aggregate storage capacity of 600 000 tons and sales through Group companies in Kiev, Geneva and Cairo. The Group policy is production of high quality product from high-quality raw materials of a domestic production, realization of products, development and implementation of quality control system, the automatized system of accounting and control of the operational activity, which allows operatively to trace current activity of the enterprises of the Group — all this is a pledge of reliability and stability not only on domestic, but also on external markets. Taking the specificity of business into account, the Group makes big efforts by introducing of state of the art financial management systems with the aim to organize the Group in accordance with international standards.

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