Astarta invested USD 6M into new agricultural machinery

17 March 2017

According to the statement of the company in frames of preparation for a new production season Astarta Invested about USD 6M in new equipment, namely seeding machines (Kinze) and large tractors (John Deere, Case).

Group announced that its farming subsidiaries have all necessary resources to start spring sowing campaign. In coming weeks the company plans to cultivate soil for sowing of sugar beet, sunflower, corn and soya as well as to finish fertilizing of winter crops. The total area for spring sowing is expected to reach 190 thousand ha.

Last year has been quite successful for Astarta from both operating activity and financial performance point of view. Total grains and oilseeds harvest of the company in Y2016 increased by 15% vs. previous year up to 910k tons, sugar production by 42% up to 505k tons. Basing on preliminary data total revenues of Astarta in Y2016 made EUR 369M (+17.5% y-o-y).

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