Cargill to expand sunflower seed crushing production in Ukraine
The sunflower seed crushing facility in Kahovka is part of Chumak’s industrial complex that also includes an oil refinery and bottling plant. Neither of these is included in the proposed acquisition.
“Our interest in acquiring the Kahovka sunflower seed crushing facility marks the latest step in our strategy to strengthen our oil crushing capabilities in Ukraine,” comments Andreas Rickmers, Cargill’s country manager in Ukraine. “The new facility has an excellent geographic location for both the national and export markets. Together with our existing facility in Donetsk and our network of grain elevators, this acquisition would provide a platform for future growth. It would also support the national agricultural community as we would source our sunflower seeds from farmers in Ukraine.”
The sunflower seed crushing facility in Kahovka is part of Chumak’s industrial complex that also includes an oil refinery and bottling plant. Neither of these is included in the proposed acquisition.
Chumak is one of Ukraine’s most well-known consumer food brands with a strong market position in a range of categories including tomato ketchup, bottled sunflower oil, mayonnaise, pickled vegetables and tomato paste. The company markets its products in 16 countries.
“The long-term strategy for Chumak is to focus on the innovation and branding of value-added products for the consumer market. Cargill's international expertise in oilseed crushing and extensive supply network in Ukraine will develop the full potential of the Kahovka sunflower seed crushing facility and therefore strengthen our branded bottled oil business and open up new opportunities for our business operations”, commented Carl Sturén, managing director of Chumak.
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