Private joint-stock company APK-Invest (Donetsk region), a large pork producer in Ukraine, would retain the current structure of owners and plans large expansion, the owner of the company, Borys Kolesnikov, has told Interfax-Ukraine. “No sale of APK-Invest company. On the contrary, the company plans to expand pig numbers to 1 million, while today it has 570,000 pigs,” he said.
Kolesnikov said that APK-Invest also plans to introduce several new technologies in agriculture that are widely used in Western Europe and the United States, but they are new not only for Ukraine, but for many countries of Eastern Europe.
According to an announcement of the company made on March 21 on holding of the annual general meeting of its shareholders on April 23, APK-Invest saw UAH 889.09 million in net profit in 2017, and UAH 36.52 million will be sent to pay dividends and UAH 849.78 million for development.
Total costs of assets grew by 16.7%, to UAH 5.157 billion and net worth rose 1.5-fold, to UAH 3.178 billion.
As for the report of the Antimonopoly Committee of Ukraine on the provision of preliminary conclusions on the necessity of receiving a permit to buy shares in the company by individuals, Kolesnikov said that this is internal restructuring of APK-Invest, which would not affect the ownership structure. APK-Invest is a vertically integrated agro-industrial company with a complete closed cycle of production of chilled pork from growing grain and animal feed production to production and sale of meat goods.
