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HengFeng, a PRC agroindustrial company, plans to invest $30 million to create a grain mill in Russia. The mill will be erected in the Rostov Region.
Chinese to construct grain mill in Rostov Region
HengFeng, a PRC agroindustrial company, plans to invest $30 million to create a grain mill in Russia. The mill will be erected in the Rostov Region.
The project has already been discussed between representatives of the Russian region's government and Chinese colleagues at SIAL China exhibition that is taking place in China. The Region needs the mill as the exporting of processed products is much more beneficial than the exporting of raw grain, according to Vyacheslav Vasilenko, a Deputy Governor of the Rostov Region.
The Chinese investors have already visited the Region in March 2016 and inspected the site proposed to be used for the construction. HengFeng is going to implement the project within 5 years with potential investments being $30 million. The Chinese delegation is going to repeat its visit to the Region in May.
HengFeng deals with the processing of grain crops into fibrin, wheat and starch.
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