Because of the war, only 32% of the company’s assets are working at Nibulon
6.12.2023 - 10:50
The losses of the agricultural holding “Nibulon” due to the war in 2022 alone exceeded $416 million and led to the fact that only 32% of the company’s assets remained working.
Andrii Vadaturskyi CEO of the company, told about it. According to him, despite the loss due to the war, a significant part of the credit portfolio of “Nibulon”, which was involved for the construction of the company, has already been restructured on long-term terms.
“We are grateful to all partners for the help and time given to the company for recovery, and we hope that the rest of the banks will join already this year. Next year is the year of implementation of the developed strategies. We must achieve greater efficiency in all directions and comprehensively modernize the enterprise,” Vadaturskyi said.
According to him, the first steps have already been taken — the company has already reviewed the technology of soil treatment in the direction of more economical and sustainable, implemented automation, etc.
As Vadaturskyi mentioned, the modernization also affected the direction of the company’s logistics. The total amount of investments amounted to almost 14 million US dollars and included the renewal of the car fleet and the development of the port infrastructure.
“Nibulon” increased the share of grain transportation by trucks. To support the chosen course, we invested in the purchase of 74 new Scania trucks, STAS trailers, as well as new gasoline trucks and tanks, which will strengthen our competitive advantage in logistics,” said Vadaturskyi.
As the general director noted, the port infrastructure of the “Bessarabska” branch was strengthened by two new LIEBHERR loaders, which will allow additional handling of up to 1,000 tons of grain per hour and will be used in other logistics models of the company.
In turn, the “NIBULON” railway park was also replenished. The USAID project “Economic Support of Ukraine” purchased for the company 50 modern hopper cars built at the “Karpaty” DMZ.
