The European Bank for Reconstruction and Development (EBRD) is to lend a Swiss-American joint venture in Ukraine up to US$30m to help it develop an effective edible oil crushing plant.
Go deeper with GlobalData
Ilichevsk Maslo Extraction Zavod JSC, a 50/50 joint venture owned by the USA’s Archer Daniels Midland and Switzerland’s Risoil SA, will exploit the potentially rich oil production sources offered by Ukrainian farmers and traders.
“While there have been several foreign investments in the sector, the Ukrainian oilseed sector is still short of working capital, know-how and upgrades of outdated equipment,” said an EBRD memorandum.
The bank added that the sector also needed better regulation and it is working with the Ukrainian government to promote reforms.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
