10 May 2022

Holding up the economic frontline

GARIN ELEVATOR to the news

In the face of martial law, Ukraine was forced to adjust its economy within the shortest possible time. To ensure revenue receipts to the state budget, many businesses now are changing logistics, finding new opportunities to continue their operations. Despite the difficulties caused by blocking of sea ports and disabling export, Alebor Group is also among those who make their best to hold up the industrial frontline.

The principal position of Alebor Group’s management team was to preserve all jobs. And we succeeded. We supplemented our key business direction with one more – Ukrainian Army support. Our companies, located in several regions of Ukraine, are actively assisting the Territorial Defense and the Armed Forces of Ukraine: we purchase body armor and other ammunition, provide our transport means for the needs of the Armed Forces.

To help Ukraine avoid the food crisis, Alebor Group is actively involved in saving the future crop harvest. After analyzing the existing conditions, our management team managed to build new silo bins for storing 60,000 tons of grain at Voronovytsia Grain Receiving Station, which currently does not have export opportunities. Due to this decision, other Ukrainian companies got the chance to receive orders, and hence the financial support:

– Karlivka Machine-Building Plant has resumed equipment production and shipment operations

– Concrete Products Plant “Silena K” has resumed concrete production

– The quarry has resumed its supplies

– Contractors perform works on building the foundation and installation of silos

Also, for the purpose to solve logistical problems, the search for rail exports is continuously going on. Grain silo construction site has already been selected at one of the railway junctions in Western Ukraine. Now Alebor Group is taking up all necessary efforts to start working in this region as soon as possible.

In the near term Alebor Group is considering the possibility of building an oilseed processing plant, which will provide additional capacity for storage and processing of oilseeds with its subsequent export. It will also have a positive impact on the country’s economy.

Thus, all these measures are aimed at executing the direct order of Ukrainian Government as for economic development and tax revenues fostering.

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