OREANDA-NEWS. July 12, 2010. “NIBULON” is a leader of Ukrainian agrarian market, it practically confirms new standards of activity in the agricultural sector of the country every day – how to construct technologically sophisticated, extensive and very important for Ukrainian economy facilities quickly, efficiently and safely. On Tuesday the company had a solemn opening of a new, modern elevator complex for reception, storage and shipment of grain and oil seeds in Artemivka village of Poltava region, which was constructed in the framework of large-scale investment project of “NIBULON” on the revival of the Dnipro river and other rivers of Ukraine as a transport water ways.

The opening of the elevator took place just after solemn putting into operation of a newly-built transshipment terminal of the company in Gradyz’k village (Poltava region) on the banks of the Dnipro River that was held only 3 days before. Gradyz’k was attended by the Vice Prime Minister of Ukraine on agricultural issues Viktor Slauta and the head of the Verkhovna Rada Committee on Agrarian Policy and Land Relations Grygoriy Kaletnik, as well as the regional administration and other officials and foreign guests.

In Artemivka “NIBULON” had given an unprecedented social assistance of high level to the local community and all Chutovo district. Computer classes were presented to eight schools of the district; substantial funds were allocated for the repair of the central regional hospital, for the erection of Rizdvo-Bogorodychnyy cathedral, for the support of local football team. Roads and water supply are repaired, gas supply is conducted to kindergarten, holy places of memory are reconstructed in Artemivka. All this is done despite the fact that “NIBULON” paid substantial funds immediately after purchase of land plot where elevator complex is constructed.

However, the main part of the solemn opening of the elevator, has become honoring of war veterans, flowers, gifts were presented and financial support was given to them. “We have allocated financial support and want them to feel that our company came here not only to give a new life in the village, but to tell “Thank you” for their very hard work. A ray of new life has appeared in the village and in Ukraine also. Due to companies like ours, we can live better, and Ukraine will live better, because I am sure that there will be more companies as ours in Ukraine” - said in this regard, the Hero of Ukraine, General Director of “NIBULON” Oleksiy Vadaturskyy.

O. Vadaturskyy also added that the high social standards and approaches in the relations with local communities, where the company is constructing its facilities, is the corporate style of “NIBULON”. “Today “NIBULON” has allocated more than UAH 15 million for seven facilities that are put into operation, for the solution of social issues in each region. Perhaps we are the one of a few companies, which come to invest into rural area, and primarily buys land plot from the community at a fair price but does not lease for a token payment. So we aim directing of allocated funds for the purchase, at solving of social issues during the construction”- added General Director of “NIBULON”.

Speaking in general about the company’s investment project and the role of a new elevator in Artemivka, O. Vadaturskyy said: “NIBULON” is a demonopolization of the grain market for Poltava. “NIBULON” is implementation of the large-scale investment program at a cost of nearly USD half a billion and is a systematic investment project, which includes the construction of vessels, elevators, fleet. It means work places for shipbuilders, for metallurgists, more attractive prices for agrarians and image of Ukraine in the world market. Thus, consistency in business and investment can be achieved. I think that our investment project can serve as an example for many other investors, how you need to invest in the agricultural sector of Ukraine, how to love Ukraine”.

In this regard, he happily announced that during the solemn opening of the elevator in Artemivka “NIBULON” won the tender for delivery of 70 thousand tons of barley and 10 thousand tons of wheat to Japan! Thus, O. Vadaturskyy noted that a systematic approach of “NIBULON”, as the leader of the agrarian market, includes not only the construction of modern elevator complexes, transshipment terminals, as well as the creation of its fleet for the delivery of grain to port, but also proficient actions on selling of Ukrainian agricultural products in world markets.

On behalf of the Head of Poltava Regional State Administration, representatives of the local community, the leaders of construction companies noted high significance of “NIBULON’s” activity in the region.

“Over the past 10-15 years there has not been such a strong responsible investor who has put up great financial resources and has created over 70 work places in our district. Our district is agricultural, so it is primarily for the benefit of our producers that the elevator of “NIBULON” will enable to sell the products that are produced in our fields profitably, and get decent financial results of our labor. It is extremely important! I want to assure you that we will do everything for him in order not to regret that he came”, - said A. Shevyakov.

In turn, O. Sen’ said: ‘Concerning cooperation with “NIBULON” and its role in relations with the producers, there is only positive moments. I must say that we monitored prices: when “NIBULON” suspends purchases, we have a significant price reduction for grain crops ... We estimate the value of the elevator in the complex of “NIBULON’s” activity because it will provide faster and more efficient delivery of grain to ports and markets of its disposal.

The elevator in Artemivka was constructed in less than 3 months.It can simultaneously store 76 thousand tons of grain and oilseeds, the daily capacity for acceptance of these crops is 5 tons. More than UAH 100 million was invested in its construction.

Investment project of “NIBULON” on the revival of navigation along rivers of Ukraine  at a cost of USD 470 million, includes the construction of 57 non-self-propelled and self- propelled vessels, 14 sea and river tugs in particular, 17 elevators, 10 of them are transshipment terminals along the Dnipro River, the Southern Bug and other rivers. 24 non-self-propelled vessels and three tugs, three transshipment terminals (Cherkasy, Poltava and Zaporizhzhya regions) and two elevator complexes in Poltava region are constructed and successfully put into operation, the elevator in Artemivka has become the third one.

On Wednesday the launching of 4 non-self-propelled vessels and starting of the construction of push tug which is the main of the range of 12 tugs, on the order of “NIBULON” was heldat OJSC “Wadan Yards Okean”.