OREANDA-NEWS. February 07, 2011. Astarta, Ukraine’s largest sugar producer, has purchased a sugar plant located in Kharkiv region. The newly acquired factory has daily sugar beet processing capacity of above 2.0 kt.

Millennium Capital: the news is POSITIVE for Astarta. The company is actively expanding its production facilities in the new regions of Ukraine, this time Novoivankivskyi Plant is its first foothold in Eastern Ukraine, whilst the company’s previous acquisition had been Volochysk sugar plant in Khmelnytsk region. The growth strategy in Eastern Ukraine may deal with the company’s plans to find a steady footing on the Russian market, therefore we assume Astarta may potentially continue the buy-out scheme in the region.