Creative Group to construct a new oil extraction plant

Creative Group (UX: CRGR UK) started construction of a new oil extraction plant in Kyrovograd region with oilseeds refining capacity of 1.7 ths mt per day. The company plans to invest USD 49 mln in the new plant to be launched in May 2012. Upon completion of this project Creative’s total refining capacity will reach 2.95 ths mt per day. Creative Group is the third largest Ukrainian producer of refined deodorized oil, and a leading producer of modified fats and margarine with a 30% share of Ukrainian market.