August 15 2008, 09:44

Agrofusion to take 50% of the Ukrainian market of tomato paste

The Agrofusion holding, belonging to Sergey Sypko, the ex-owner of the largest in Ukraine juices company "Sandora", has put into operation a plant on processing of tomatoes with 2.400 tonnes daily capacity. According to the report of Interfax-Ukraine referring to the media-department of Kherson oblast administration, the volume of investments into this project totaled over UAH 100 mln.

S. Sypko informed that at the moment the company is completing construction of the third stage of the plant, after which putting into operation the daily capacity of the enterprise will increase up to 3.500 tonnes. The holding is to export 50% of its production to Europe, 20% - to Russia and 30% - sell in Ukraine, totaling nearly 50% of the Ukrainian market of tomato paste, 10% of the Russian market and 5-6% of the European market.

As a reminder, Sergey Sypko, the ex-owner of 10% share of the Ukrainian juice company "Sandora" earlier declared about intention to create a vertically integrated agrarian holding, specialized in agricultural products production, processing and sales.

At that, S. Sypko has already created the company "Integrated agrosystems", renting nearly 3.000 ha of agricultural lands in Nikolayev and Kherson oblasts. The area of rented lands is supposed be increased.