Astarta

completed

The Project will support LLC Astarta-Kyiv (the “Company” or “Astarta”), a leading primary agriculture producer in Ukraine with 240,000 ha of land under cultivation. Astarta’s principal activities include (i) production of sugar beet and sugar processing, and (ii) production of other crops including wheat, barley, corn, sunflower, and soya. The Company owns and operates 8 sugar plants across 7 business units and 4 operational regions in Ukraine. IFC''s financing will support one of the leading grain and sugar producers in Ukraine. IFC financing will support the (i) construction of a 700 tpd soybean crushing facility to process locally grown soybeans into meal for the local market and oil, potentially for export, (ii) construction of a biogas facility, (iii) expansion of agricultural land, (iv) purchase of supporting farm machinery, storage and dairy infrastructure to increase production volumes of crops and (iv) further modernization of sugar production and storage capacity. IFC''s financing will also support a viable economic activity and create new jobs in some of the poorest frontier rural regions of Ukraine (Vinnytsya, Khmelnytsky, among others).