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February 20 2002, 11:52 UkrInform

Louis Dreyfus Negoce S.A. to invest EURO 10 mn into retooling Poltava crusher

Reporting about investing in Ukraine, UkrInform said, that is Dreyfus Negoce S.A is prepared to invest EURO 10 mn into Poltava based crusher, the JSC Soniashnyk, one of Ukraine's largest sunflower oil producers.

The project stipulates that 70% of invested cash will be put into updating the technology equipment, modernizing all production cycle meeting the world's current requirements.

The rest of the money will be allocated to farms that have concluded long-term contracts for sunflower seed supply. Remodeled facility will produce top quality refined and deodorized sunflower oil and mayonnaise following French best recipes. The daily output of sunflower oil will become at least 120 MT daily.

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