South West | Farming, agriculture

Idromeccanica’s $29.4m greenhouses completed

8 Apr '09
Italy’s Idromeccanica Lucchini has completed construction of a greenhouse complex with the capacity of 500 tons per hectare of products in Kabardino-Balkaria, RIA Novosti reported today.

The value of the project contract inked between local authorities and the Italian firm in January 2008 reportedly was $29.4m.

Local company Agrokom and Sberbank acted as project investors, the report said.

Payback for this project is reportedly five years of the launch of the complex.

The 10-hectare greenhouses utilize earthless tomato-growing technology and use minimum chemical fertilizers, the report said.
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Locations: Kabardino Balkaria

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