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Start of modernization
Thursday, 14 April 2011

Agroliga group has signed the contract with Izmail Machine-Assembly Plant company  for the purchase of modern equipment for refining of sunflower oil. Because of that, the company will increase  production capacity from an estimated 40 thousand tons per year to 50-55 thousand tones, so even  25 to 37 percent more. The contract value is EUR 200 thousand.

-„Starting the second line of oil production is one of the basic assumptions of Agroliga  Group's development strategy. We would like to start new season with the new devices. Therefore, in accordance with the signed contract, they will be delivered  and  installed before August 1 so that  the work on a second production line will be launched later this year. The installation process will take two - three months and during this time, company production will be stopped. However, we have enough supplies of oil, to ensure continued and uninterrupted supply to our customers at this time. Modernization of the machinery is undoubtedly necessary and will increase our production capacity, which which will have a positive impact on revenues. We are also going to purchase new accessories, which will additionally improve the work on the new machines."-  says Oleksander N. Berdnik, President of the Board of Directors of Agroliga Group PLC.