UniCredit Bank provides financing to EkoNivaAgro for construction of the plant
Voronezh Branch of AO UniCredit Bank and EkoNivaAgro signed a RUB 128 million credit facility agreement.
The facility has an eight year term and will be used by the company to finance construction of the dairy complex with a capacity of 30 tonnes per day.
“EkoNivaAgro K is one of the leading agricultural companies as in our region as in the whole country, as well as one of the key clients of Voronezh branch,” said Vitaly Minakov, Head of Voronezh Branch of AO UniCredit Bank, “We have already provided finance to other projects of the EkoNivaAgro including dairy farming area so we are ready to support further development of the company in milk processing. This is priority sector for the Voronezh region and it is supported greatly by the government. EkoNivaAgro has a good business reputation, successfully develops large agricultural projects and considerably contributes to development of the agriculture in our country”.
EkoNivaAgro, LLC has been operating since March 2002. The main area of activity is dairy farming. The enterprise is also successfully engaged in growing cereal, pulse, fodder, profitable industrial crops as well as seed production. The enterprise employs over 1,700 people engaged in different areas of activity.