«Elets vegetables» will invest 1,5 billion RUB in the first phase of the new greenhouse

The greenhouse complex «Elets vegetables» will launch construction of the first phase of new UltraClima fifth-generation greenhouse complex before the end of the week, as LipetskNews informed with reference to Elets area administration representative. At the initial stage the company will invest 1,5 billion RUB.

The greenhouse area at the initial stage will amount to 5 ha. «Elets vegetables» intends to boost the complex area and production capacities annually. By 2020 they plan to reach 60 ha and 60 thsd. tons of cucumbers and tomatoes per year. In total, 18 billion RUB will be invested in the new crop farming project.

Maxim Sokolov, the owner of the greenhouse facility, announced the intension to build the greenhouse complex in Arkhangelskoye village of Elets area in March 2016. Reported by «Kommersant-Chernozemye», the initial investment amount was estimated at 2,5 billion RUB, while the first phase area size – 10 ha.