UMG Investments plans to build a $150 million grain terminal at the Pivdennyi port, Ukraine’s busiest port on the Black Sea.
The terminal will be capable of handling 9 million tons of grain a year, which equates to 20% of Ukraine’s current exports. The terminal is expected to be completed by 2024, said UMG CEO, Andrey Gorokhov, during Strategy Council’s Ukrainian Transport Infrastructure Week. Gorokhov said: “The land has been bought. The project has been completed. The only thing left is to build it.” UMG is part of Rinat Akhmetov’s System Capital Management or SCM.