Agroliga refinery reconstruction about to finish
08-08-2012
The Board of Directors of Agroliga Group PLC (“Group") informs that start of the second oil line of the oil refining factory of “Agroliga" is planned on September 1, 2012.
A full reconstruction of the oil refining factory of the Group is about to complete. By July 26 all necessary equipment for the second oil refining factory line was delivered, and the installations are started.
During factory reconstruction the press and the heating equipment are added, product pipelines and oil pipelines network is expanded, and storage capacities are also increased.
As a result of the reconstruction and installation of second-line group of companies reach full capacity of processing sunflower.
The forecast on sunflower harvest in 2012/13 across Ukraine is about 8,8 million tons, that for 2 % more than last year, deficiency of raw materials in a season of 2012/13 it is not expected.
Re-equipment of the refining factory is financed from revenues from the issuance of shares under the private placement which took place in 2011. Increase the capacity of processing is an essential part of strategic development of the Group.
“Legal basis: § 3.1 of the Exhibit 3 to the Alternative Trading System Rules “Current and Periodical Information in the Alternative Trading System on the NewConnect Market"
A full reconstruction of the oil refining factory of the Group is about to complete. By July 26 all necessary equipment for the second oil refining factory line was delivered, and the installations are started.
During factory reconstruction the press and the heating equipment are added, product pipelines and oil pipelines network is expanded, and storage capacities are also increased.
As a result of the reconstruction and installation of second-line group of companies reach full capacity of processing sunflower.
The forecast on sunflower harvest in 2012/13 across Ukraine is about 8,8 million tons, that for 2 % more than last year, deficiency of raw materials in a season of 2012/13 it is not expected.
Re-equipment of the refining factory is financed from revenues from the issuance of shares under the private placement which took place in 2011. Increase the capacity of processing is an essential part of strategic development of the Group.
“Legal basis: § 3.1 of the Exhibit 3 to the Alternative Trading System Rules “Current and Periodical Information in the Alternative Trading System on the NewConnect Market"
