Volga | Industry, manufacturing | Finance, business

NMZK buys into valuable assets in Volgograd Region

31 Jul '08
Nizhny Novgorods oil and fat factory NMZK is taking over Urupinsk Solvent Extraction Plant (oil seed processing) and buying a 20-percent stake in Urupinsk Elevator (grain storage) in Volgograd Region, the firm said earlier today.

The deal value is estimated at $55.4m.

Sources at NMZK also notified media that Urupinsk assets would be integrated in the group within two to three months upon obtaining approval from the RF Federal Antimonopoly Service.

Experts appraise the acquired assets as valuable.

Urupinsk Solvent Extraction Plant processes 200,000 tons of oil seeds a year and is unique of its kind in Volgograd Region.

Urupinsk Elevator is one of Russias largest with the aggregate grain storage capacity of 180-200,000 tons at a time.
Publish in Twitter
Write to Facebook
Google Buzz
Write to LiveJournal
Show in MM
Share MK
COMMENT ON THIS STORY
Find Related Content

Tags: oil (572) / NMZK (3) / Volgograd (281) / fat (19) / Urupinsk Solvent Extraction Plant (0) / Urupinsk Elevator (0) / RF Federal Antimonopoly Service (0) /

Latest News: Volga
7 Jun '22 | Technology & innovation | Industry, manufacturing
18 May '22 | Technology & innovation
 

Feature stories

25 May '22
From enhancing the properties of existing materials...
29 Apr '22
Scientists in St. Petersburg have come up with a new...
2 Mar '22
Scientists in Dubna have developed what they refer to...
Search (News archive - 22990)
Technology Scouting Solutions For Industry
NATT
Advertising
Marchmont News

Latest News

27 Jun '22
Siberian scientists have developed new hybrid...
24 Jun '22
A new device, developed by a Russian start-up and...
22 Jun '22
Russian researchers have come up with a new Si...

Most read stories from last week

27 Jun '22
Siberian scientists have developed new hybrid...