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Don Agro to spend $1.9 mil on expanding storage capacities to fuel growth initiatives

Felicia Tan
Felicia Tan6/4/2020 07:52 AM GMT+08  • 1 min read
Don Agro to spend $1.9 mil on expanding storage capacities to fuel growth initiatives
The initiative will allow the company to potentially gain greater profitability margins due to their capacity to store large amounts of wheat and sunflower seeds for longer periods of time, with the intent to sell more during peak pricing periods.
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SINGAPORE (June 4): Russia-based agricultural company Don Agro International will be “significantly expanding” its storage capacity from 65,000 to 95,000 tones.

See also: Wheat and milk producer Don Agro becomes first Russian company to list on SGX

The company plans to invest $1.9 million on the expansion. The initiative will allow the company to potentially gain greater profitability margins due to their capacity to store large amounts of wheat and sunflower seeds for longer periods of time, with the intent to sell more during peak pricing periods.

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