TIDMLKI
RNS Number : 8021W
Landkom International Plc
04 August 2009
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4 August 2009
LANDKOM INTERNATIONAL PLC
Grain elevator operational
Landkom International PLC (AIM: LKI, "Landkom"), the Ukrainian producer of
high-value oil seed rape and wheat, announces that its new grain elevator at the
Krasne base is now in operation and has taken delivery of its first shipment of
wheat from Landkom's fields.
The grain elevator is a complex of buildings designed for the intake, cleaning,
drying, storage and shipment of grain. Landkom is now running a full cycle of
the drying and storage process.
Once fully commissioned, wheat from neighbouring regions will be brought to the
Krasne elevator which, on completion shortly, will be able to store in excess of
20,000 tonnes of grain.
Equipment has been purchased and is on site, which can double this drying and
storage capacity and, in the meantime, contracts have been signed to cover the
drying and storage of the entirety of this year's crop.
Richard Spinks, Chief Executive Officer commented:
"Thanks to the hard work of our construction and operations teams, our
state-of-the-art grain elevator is now in use. Once fully complete,
this facility will provide Landkom with efficient and cost-effective capacity
for grain storage and shipment which will be vital for our progress in the
region."
For further information:
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| Landkom International Plc | |
| (www.landkominternational.com) | |
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| Richard Spinks, Chief Executive Officer | +38 (0) 673 410 140 |
| Stephen Pickup, Chief Financial Officer | +44 (0) 20 3170 |
| | 5681 |
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| | |
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| Liberum Capital | |
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| Simon Atkinson | +44 (0)20 3100 2000 |
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| | |
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| College Hill | |
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| Simon Whitehead/Adrian Duffield | +44 (0)20 7457 2020 |
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| | |
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Note to Editors
Landkom International PLC is a large scale producer of agricultural feedstock,
principally oil seed rape and wheat, for supply to the European biodiesel and
food industries. Operating in Western Ukraine in the prime, fertile lands close
to the border with Poland, and the Crimea, Landkom has planted 30,950 hectares
(ha); 16,750 ha of Oil Seed Rape (OSR) and 14,200 ha of Winter Wheat for harvest
in 2009.
Landkom is implementing Western-style agronomy practices using modern
agricultural equipment to carry out efficient, large-scale farming techniques
that will result in greater return from the land.
This information is provided by RNS
The company news service from the London Stock Exchange
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