Vinnytsya Oil and Fat Combine receive credit from the European Bank for Reconstruction and Development to expand production
EBRD provides industrial group " ViOyl & quot ;, which includes JSC "Vinnytsya Oil and Fat Plant", a syndicated loan of 40 mln. USD. Part of the funds intended for the financing of local farmers who claimostachatymut company materials. European Bank for Reconstruction and Development provided a syndicated loan of 40 mln. USD for working capital industrial group " ViOyl " (ViOil), which is the largest manufacturer and exporter of sunflower oil in the country. &Quot; Financing will consist of credit " A " up to million which the EBRD will provide from its own funds and credit " B " up to $ 20 million to be syndicated bank ING Bank NV & quot ;, - the report says the EBRD. These funds will add to working capital loans " & quot ;, ViOyl particular will be used to finance their oil extraction operations, advance payments Agriculturapends manufacturers launch new products and start sharing vysokomaslichnyh crops cultivation and oil production with local agricultural producers. Including, as director of JSC Vinnitsa Oil and Fat Plant" Dmitry Chalenko, it will apply and collaboration with farmers Vinnitsa region. Exceptional value emissions resulting "ViOyl "loan to support agriculture in the region celebrated the RSA chairman Valery cow. "This is extremely important in terms of supporting our producers. It is almost a billion hryvnia, a significant resource that because of Vinnytsia oil-extraction enterprise will our farmers, and it will give additional impetus to development ", - he said. ValeryCow said that the example of Vinnytsia SWC that develops powerfully increases capacity with new technologies and create jobs - a positive signal for investors. At PJSC Vinnytsia oil-extraction enterprise" plan to increase production capacity from 2.3 ths. Tons per day to 3 ths. Tons in the next year. "Despite the difficultsocio-economic situation in the state, business credited powerfully works in the region. And what is important: such international structures as the European Bank for Reconstruction and Development, the largest international investor in the country, considering the regional companies as reliable partners, it shows the confidence of European and international invep to Ukraine and Vinnitsa region, in particular ", - the head area. PG ViOil Fat combines two plants - Vinnytsia and Chernivtsi. The group also includes a network of grain companies, grain elevators, trade offices in the regions of Ukraine. This was reported in the Vinnytsia Regional State AdministrationSource: http://artlife.rv.ua/