"Continental continues to implement its development strategy and invest in additional storage capacities despite the difficult economic situation in the country. We understand that infrastructure plays a key role in the supply chain of crop production," commented Georg von Nolcken, CEO of Continental Farmers Group, "With the acquisition of this facility, we also have the opportunity to significantly optimize our logistics: the new elevator is located near a major railway junction and has the capacity to ship up to 45 rail cars of grain per day. The elevator complex is modern, multifunctional and fully automated, so we did not incur any extra costs for modernization or additional equipment, which is also important."
The Company notes that the expansion took place in a region that, given the large land bank, was not sufficiently covered by its own grain storage facilities: until now, only three small drying and grain complexes of Continental with a total capacity of 31,000 tons were operating in Lviv region.
As a reminder, Continental Farmers Group owns elevator facilities in Ternopil and Ivano-Frankivsk regions. With the acquisition of the elevator in Lviv region, the Company is now able to provide third-party consignors with a range of services including grain acceptance, determination of its quantity and quality, bringing it to the condition and contractual indicators, storage and shipment to road and rail transport.