Sodrugestvo Group, an agro-industrial company, announced the commencement of the construction of a new port building complex in Kaliningrad, Russia in a glittering ceremony attended by several dignitaries from the government and other businesses.
The project initiated with an estimated investment of around $430 million will comprise a soybean crushing plant and a deep-sea port terminal. The project is anticipated to get completed by 2013. The company has so far invested over $600 million from 2011 in developing the substructure of the Kaliningrad port and its processing installations. The port complex is specifically planned to assist the export and import of dry type of high volume agricultural goods and vegetative oils. The new port will have three berths to handle ships up to 50,000 metric tons (mt) weight, and a new railway terminal to handle goods worth 5,000,000 metric tons every year. The port will have additional storage capacity to handle 160,000 metric tons of grains, 30,000 metric tons of vegetative oils and 184,000 metric tons of dry type of bulk goods. The construction of the new plant will augment the present processing of 3,300 mt capability of Kaliningrad facility with an additional 5,000 mt capability.
According to Alexander V. Lutsenko, Sodrugestvo’s Chairman, the company has spent nearly half a billion dollars on its new storage and production facilities and in the construction of new shipping berths. He added that this productive investment will allow the company to have increased presence in countries located in Central, Eastern, and Northern Europe.
Source: http://www.sodrugestvo.com/