MHP Will Invest $40 Million in Grain Elevators, Interfax Reports

Mironovskiy Hleboproduct SA (MHPC), a Ukrainian poultry producer, plans to invest $40 million in construction of two grain elevators, Interfax-Ukraine newswire reported, without citing anyone.

The elevators, one in Vinnytsya region and the other in Khmelnytsky region, will have total storage capacity of 265,000 cubic meters, according to the Kiev-based newswire. The project is will be completed this year or in 2013, Interfax said.

To contact the reporters on this story: Kateryna Choursina in Kiev at kchoursina@bloomberg.net

To contact the editors responsible for this story: Claudia Carpenter at ccarpenter2@bloomberg.net

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