"DONETSK...The delegation of the American company Cargill, headed by Chairman Warren Staley and President Greg Page visited Donetsk to inspect the company's sunseed processing plant. The delegation also included Cargill Europe President Hubertus Spierings and Cargill Ukraine President Patrick Bracken..." "The Cargill complex launched operation in April, 2000. It specializes in non-refined sunseed oil and boasts a closed-cycle sunseed processing and bottling of sunoil. The size of Cargill Inc. investment is US $ 40 mn and the plant is a participant in the Donetsk FEZ." "The plant's projected production capacity is 1,000 t of processed sunseed oil per day. Annual output is 156,000 t of sunseed oil and 135,000 t of oilseed meal. From May through December 2000 the plant produced 93,000 t of sunseed oil and 90,000 t of sunseed meal."
"CARGILL FOR STABLE CLIMATE" Eastern Economist Business Weekly, Page 8 January 29-February 4, 2001 (UNIAN, Jan. 25, 2001)
"Kyiv...Private investors are looking for a stable climate in the agriculture sector, which should depend only on the decisions of producers themselves, and not on government decisions, said Cargill Board Chair Warren Staley in meeting with premier Yushchenko. Staleg said the two discussed cooperation in the sunseed refining industry and mineral fertilizer production." "Cargill has thus far invested US $ 85 million into Ukraine's agriculture sector. Staley noted that Cargill sent a large group of its representatives to Ukraine because the country is one of a few, which is capable of radically increasing ag production and feed the world's increasing population."
Cargill began its activities in Ukraine in 1991, with the establishment of a Corn Research Institute, in Dnepropetrovsk. In 1994, Cargill opened a permanent representative office in Kyiv. From here the company started to merchandise grain, oilseeds, petroleum, sugar, fruit juice concentrate and cocoa. In 1995 Cargill built a modern seed production plant and opened a fertilizer warehousing and blending facility in 1997. In 1999, the company bought its first grain elevator from the State and recently started buying shares in a second elevator. The largest project Cargill has in Ukraine is the world class greenfield sunflower seed processing and extraction plant in Donetsk-Cargill Industrial Complex. This is the first edible oil factory to be built in CIS this decade and produces sunflower oil and meal. Construction started in 1998 and was completed in April 2000. The initial cost of the project was $ 50million. The plant crushes mainly domestically-produced sunflower seeds. The oil is used in food, soaps, and the meal for animal feed. In the year 2000 the plant processed 125 thousand tons of sunflower seeds, but has the capacity to reach 300 thousand tons per year. The East Europe Grain and Oilseed business unit, which runs the sunflower plant, is involved in the sourcing and export of grains. It also supplies Ukrainian farmers with seed, fertilizer, fuel and financing assistance. Cargill Ukraine now trades wheat, barely, sunflowers, sunflower oil, corn, sugar (World-Wide Sugar), petroleum (Global Petroleum) and steel (Cargill Ferrous International). As well as those trading activities, a food desk has been launched to market frozen fruit juices on behalf of the International Orange Juice and Multifruit business units and other Cargill food products. Cargill's World-Wide Fertilizer Distribution operations will not only serve Ukraine but potentially all the former republics of the U.S.S.R. With headquarters in Kyiv, the company today employs
370 people in total. For further information contact:
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