According to the adopted «Strategy for the Development of the Agricultural Sector», Ukraine plans to build eight agricultural machinery manufacturing plants. The government plans to fulfill this task within 10 years after winning the war with Russia, Latifundist.com reports.
Tractors, combines and equipment
The adopted strategy envisages the construction of 2 motor engineering plants that will be able to produce 1200 tractors and 300 combine harvesters annually. In addition, it is also planned to build 6 plants for mounted and trailed machines that will be able to supply 10 thousand units of equipment per year.
The strategy also envisages an increase in the capacity factor of the machinery available in agriculture to 0.88 km/ha.
Raw materials and the market
The document estimates that the agricultural machinery industry requires investments of $ 720 million. Ukrainians believe that it will not be difficult to find investors and capital, because after the war, the demand for machinery will increase in the country, and thus the local market will be supplied. Secondly, the country has its own raw materials needed for production.
The same "Strategy for the Development of the Agro-Industrial Complex" states that within 10 years after the war, Ukraine will be able to increase agricultural production to 200 million tons and feed 600 million people annually.
Investments despite the war
It's worth noting that even today, despite the war, many companies in the agricultural and machine-building sectors have not frozen their investments at all. An example is TAD from Khmelnytskyi, a manufacturer of trailers known not only in the local market, among others, for grain transportation. This year, the company plans to invest €6 million in modernizing production and expanding its rolling stock offer, Latifundist reported. As a result of the investment, the production area of the plants is planned to increase by 7.5 thousand square meters. Currently, they produce on an area of 6.5 thousand square meters.
PigUA.info based on materials of bizagro.com.ua