Russian agricultural holding buys oil extraction plant in Kazakhstan
Baku, Azerbaijan, May 22
By Elena Kosolapova - Trend: One of the largest Russian agricultural holding Yug Rusi acquired an oil extraction plant in the Kazakh city of Aktobe, RIA Novosti reported on May 22 with reference to the holding.
The plant was purchased from The Savola Group - the largest holding company in the Middle East.
The amount of the transaction was not disclosed.
The plant's processing capacity is 225 tonnes of sunflower seeds. Moreover the plant processes crude sunflower oil bought from local companies which do not own refining units.
The plant also has suspended equipment with capacity of 70 tons per day.
"After preventive repair works this equipment can be quickly put into operation", the holding said.
Experts of Yug Rusi holding believe that the acquired plant is ideal for processing of small amounts of flax, camelina and mustard.
Kazakh market is traditional for Yug Rusi holding and the acquisition of the new facility will expand the range of its products and strengthen the company's position in the Kazakh vegetable oil market.
Edited by C.N.