Dacsa Bunge Ukraine, the Ukrainian joint venture of Bunge and Dacsa, is set to build a $14 million corn processing plant in Vinnytsia, Ukraine according to reports from the country.
According to Ukranian news agency Ukrinform, the proposed facility will be able to process 100,000 tonnes of corn every year, or 300 tonnes of corn per day.
The report claims that construction of the site will site will begin in the fourth quarter of the year, and the facility should become operational by the end of 2019.
The facility will include storage space for 10,300 tonnes of corn, by-products and processed products, and approximately 80% of the corn processed at the facility will be exported.
Head of the Vinnytsia regional state administration Valeriy Koroviy said: “We have completed negotiations with well-known American company Bunge, which, in partnership with Spanish group of companies Dacsa, will build a plant in Vinnytsia region to process corn into cereals and flour, with a design capacity of 100,000 tonnes per year.
“Estimated investment amounts to $14 million. It will be built in the village of Demkivka, Trostianets district, on an area of about three hectares.”
© FoodBev Media Ltd 2018