According to the results of the first half of 2020, sales of OKKO mineral fertilizers increased by 44% compared to the same period last year.
“We have been investing in agriculture for 4 years. We have a forward program, which is actively developed by our specialized operator OKKO Agrotrade. Its essence is that we provide farmers with fuel, mineral fertilizers, natural gas, and they pay us with the harvest. These products OKKO sells mostly for export. The project for the supply of mineral fertilizers started in 2017. For the second year in a row, we are importing mineral fertilizers from Lithuania. We also had the experience of importing by sea from Bulgaria,” - said OKKO Vice President Yurii Kuchabskyi.
The company has already converted two of its former oil depots in Khmelnytskyi and Rivne regions into warehouses for storing loose fertilizers with a capacity of 6,000 tons of fertilizers each. Also, it opened an additional warehouse in Vinnytsia region for the storage of liquid mineral fertilizers such as carbamide-ammonium mixture. Presence in Sumy and Ternopil regions is ensured through responsible preservation by partners. The geography of sales continues to expand. During 2017-2019, OKKO purchased 45 vehicles for the transportation of fertilizers. In total, investments in these infrastructure projects to date have amounted to UAH 111 million.
It will be recalled that this summer OKKO received two long-term loans from the European Bank for Reconstruction and Development and the International Finance Corporation in the total amount of 70 million USD. The company plans to use part of the income to expand the program of providing agricultural producers with fuel and fertilizers, to develop a network of warehouses and fleet.