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Ilyichevsk Oil & Fat Plant tied credit agreement with Ukreximbank about funding tropical oils processing facility
Open Joint-Stock Company "State Export-Import Bank of Ukraine" (Ukreximbank) and CJSC "Ilyichevsk Oil & Fat Plant" on July 28 concluded general credit agreement about funding construction of a plant for extensive processing of tropical oils, Ukreximbank's press-service informed on August 3.
The termed for 7 years structure of crediting for the total worth of $42 million stipulates a broad involvement into the project of major export credit agencies from the countries of Europe, North America and Asia.
In August 2002 the management of Ilyichevsk Oil & Fat Plant, located in the major Ukrainian seaport of Ilyichevsk, announced the start of construction of the first in Ukraine seaport-tied industrial facility for production of soya meal, food additives and processing of tropical oils. The idea was modelled from a similar facility, existing in the British port of Liverpool. Production capacity of the new plant was intended to be 600,000 tonnes of finished products per year.
Ukreximbank is 100 percent government-controlled banking institution of Ukraine. It ranks within the group of top Ukrainian banks; has 29 subsidiaries and 56 branch offices in different regions of Ukraine.