Sintal Agriculture Plc (Bloomberg ticker: SNPS GR ) is one of Ukraine's agricultural holdings with a land bank of over 100,000 hectares in Kharkiv oblast and Kherson oblast. The land bank includes about 20,000 hectares of irrigated land, and Sintal cultivates more than 90,000 hectares of the land bank. The company specializes in growing wheat, maize, sunflower, barley, sugar beet, buckwheat, soybeans, peas, and other crops.
Sintal has been listed on the Frankfurt Stock Exchange since August, 2008
1992-2002 Sintal was established as a research company. During this period company undertook activities related to metal production and distribution.
2000-2002 In 2000, company invested into “Octyabrsky Sugar Plant” and brought the new management team to the plant. This enhanced efficiency of the sugar production.
2002-2005 Company realized the perspective of the agricultural business in Ukraine and took a decision to acquire two sugar plants with total production capacity of 30 ths tons per year. Taking into account the fact, that sugar beet growing is the most capital-intensive agricultural activity, Sintal Agriculture brought together the most professional Ukrainian agronomists, who were appointed as chief agronomists at the agricultural enterprises, where Sintal used land for own sugar beet planting. These agronomists controlled not only sugar beet planting process, but also its predecessors such as winter wheat and corn.
2005-2006 Sintal entered the land market to cover its requirements in raw materials for own sugar production by acquiring partner agricultural enterprises.
2007-2008 Sintal became a large player on the land market and one of the leading producer of agricultural products. Total area of the leased land amounted 75 ths ha by the end of 2008.
At present the Company leases over 100 ths ha of high quality black soil. Sintal Agriculture will keep following land expansion strategy with the goal to become one of the leading producer of cereals in Ukraine and Europe.
Current land under control is 100,800ha, cultivated area is 90,482ha
Major crops are wheat, corn, sunflower seeds and barley
Land bank is located in two different climate zones (south and east): Kherson (72,700ha) and
Kharkiv(28,000ha) regions
Irrigation systems cover 19,328ha of land in the Kherson region
Full-cycle “precise digital farming” techniques: electronic land mapping, soil analysis
laboratory, and GPS-controlled field works
Mini-till farming techniques applied on 40,000ha (40% of total land)
Company owns 50% stake of Kherson elevator (50,000t) while Kharkiv elevator of 115,000t is under construction
Company owns grain warehouses with total capacity of 40,000t
Contracted export sales was 15% of total harvest in 2009 including 23,000t of feed wheat, 15,000t of corn, 15,000t of sunseeds and 7,000t of soy
Vadim Mogyla - CEO
Anna Dudchenko - Deputy CEO
Anna Zubenko - Investor Relations Manager
Igor Kramarenko - COO
Anatoliy Melnik - Head of Sales
