News of Ukraine

The European Bank for Reconstruction and Development (EBRD) is considering provision of an additional USD10 million tranche to «Astarta». It is reported by press service of the bank. According to the report, these funds will be used to create additional liquidity cushion during the COVID-19 crisis.  The EBRD said the loa...

Sugar beet pulp is in demand in domestic and foreign markets. It is reported by the company on its Facebook-page. In particular, in 2019/2020 marketing year, the main consumer of extracted sugar beet pulp from «A’SPIK Group» became a la...

 I&U Group Agroholding completed the construction of the biogas complex with a capacity of 6 MW/h near the village of Kapitanivka, Novomyrhorod district, Kirovohrad region. It is announced by I&U Group founder Sergei Tarasov on his Facebook-page.  He notes that the complex will process sugar production waste into raw materials for heat and electricity an...

In 2019-2020 marketing year, «A’SPIK Group» sold almost 30,000 tonnes of "sweet product" to its business partners. It is reported by the company on its Facebook-page. «Starokostiantynivtsukor» LLC produced 55% of this volume and 45% were produced at «Shepetivka Sugar Refinery» LLC.&...

I&U Group agroholding completes the construction of a unique biogas complex with a capacity of 5,5 MW/h, created in partnership with the EBRD. It is reported by «UNIAN». Since the end of 2018, large-scale construction has been underway near the village of Kapitanivka, Nomyrhorod district, Kirovohrad region: I&U Group...

The main focus of this year's off-season at «Starokostiantynivtsukor» LLC is the renovation of the evaporator station, which significantly increase the energy efficiency of production.  It is reported by the company on its Facebook-page. «Installation of the new film-type evaporator will reduce steam consumption by 3 tonnes per hour, as modern equipment will compensate for t...

«Gnidava Sugar Refinery» LLC is preparing for the 2020 season. It is announced by the Raw Materials Deputy Director Oleksandr Nikishyn, press service of the company reports.  One of the leading enterprises in Volyn region prepares quite ser...

According to the analytical department of «Ukrsugar» Association, in 2020/2021 MY, sugar production is expected at 1,2-1,3 million tonnes, which is 15% less than the previous year. The number of processing refineries will remain unchanged — 33 sugar factories are expected to operate in the season. «Given the reduction of sown areas and weather conditions that can significantly affect yields, as it is already known that dust storms have damaged some crops in Ternopil, Kharkiv and Kirovohra...

To meet new sugar-refining season as a modern European enterprise with innovative technologies, Shepetivka sugar refinery works hard to upgrade production facilities.  It is reported by the company on its Facebook-page. This year, the refinery will receive the dry beet transportation line and the first automated raw material laboratory in Ukraine, where...

In 1Q 2020, «Astarta»'s sugar revenues grew to EUR 29m (up by 46% y-o-y) on higher sugar sale volumes and improvement of realized prices to EUR352 per tonn compared to EUR 316 per tonn a year ago.  It is reported by press-center of the company. Segment EBITDA improved to EUR3.4m in 1Q20 versus EUR2.0m in 1Q19. «Astarta»’s consolidated revenues&nbs...