Business news from Ukraine

Business news from Ukraine

UKRAINIAN COMPANY TO INVEST EUR 38 MLN IN POULTRY GROWN WITHOUT ANTIBIOTICS

PrJSC Volodymyr-Volynsky Poultry Farm (Volyn region) will invest EUR 38 million in the construction of a new poultry processing facility, which will allow doubling production, director general of the company Alina Sych has said. According to her, the capacity of the new workshop will be 13,500 broilers per hour. Construction is to be completed in a year or two. The company will produce goods under the Epikur brand at this facility: poultry grown without antibiotics and growth stimulation.
“The monthly increase in the sales of Epikur poultry is about 43%. We grow 4.6 million birds. As the demand for our products is growing, we start building new facilities to raise production. Within the total production by the factory, the share of Epikur is more than 30%, the rest is grown according to the standard technology,” Sych told Interfax-Ukraine.

According to her, the company plans to use most of the new capacity for the production of the Epikur brand. The company sells products under this brand in the retail networks of Auchan, Metro, Furshet, Novus, Fora, Velyka Kishenya, MegaMarket and others, now it is entering the Silpo network.
“The priority for us is the development of the Epikur brand in Ukraine. The export share of the company is insignificant: about 5-6%. Now we deliver Halal-certified products to the countries of the Middle East and Africa under Al Dalal chicken and Delika trademarks. The new workshop will increase production and allow passing all the required certification for exporting goods to Europe,” the director general of the company said.
In addition, Volodymyr-Volynsky Poultry Farm actively implements alternative energy projects.
“We have switched 70% of heating to solid fuel boilers burning wood; we heat the water for the processing plant by burning feathers as waste. We also have a project to produce straw briquettes for heating,” Sych said.

“We are not developing biogas technology, since, synchronously with the new workshop, we are launching the production of bone meal, and all waste will be sent there. This flour is the basis for feed. The cost of this project is EUR 3.8 million,” she added.
PrJSC Volodymyr-Volynsky Poultry Farm is a Ukrainian-Dutch enterprise, part of the Openmind group of companies. The factory’s infrastructure includes 100 poultry farms, a processing workshop and a feed mill with a capacity of 10,000 tonnes per month.
The company produces chicken under the Epikur brand without antibiotics and growth stimulation, as well as chicken under the Chebaturochka trademark. It has seven branches in Volodymyr-Volynsky, Lviv, Kyiv, Vinnytsia, Zhytomyr, Kharkiv and Odesa.
In 2017, the share of the poultry farm was about 6% of the Ukrainian market.
The founder and CEO of Openmind is Oleksiy Kovalenko.

PRACTICALLY 50% OF UKRAINIANS READY TO VOTE FOR ZELENSKY, POROSHENKO GETS ONLY 17% – POLL

Just under a half of Ukrainians (48.4%) said they would vote for Volodymyr Zelensky and 17% for the incumbent, Petro Poroshenko, were the second round of the presidential election held right now, according to the findings of a poll conducted by the Kiyv International Institute of Sociology (KIIS) on April 9-14. Seventeen point nine per cent were undecided, 1.6% were going to ruin the ballot, 6.3% did not intend to go to the polls and 8.8% refused to answer the question.
KIIS interviewed 2,004 respondents in 129 towns across Ukraine; in Luhansk and Donetsk region, the poll was conducted only in Ukraine-controlled parts of the regions.
The runoff is due to be held on April 21.

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UKRAINIAN AIRLINES INCREASE PUNCTUALITY TO 86% IN MARCH

Ukrainian airlines in March 2019 serviced 86.2% of flights of the total number of flights serviced at Ukrainian airports within the 15 minute deviation from the timetable, which is 9.1 percentage points (p.p.) better than the figure for January 2019 (77.1%), according to a posting on the website of the State Aviation Service of Ukraine.
According to the authority, in March, Ukrainian airlines serviced 3,701 flights.
The punctuality of foreign airlines in March compared with January increased to 87.1% from 75.1%, while the number of flights totaled 2,677.
Of the Ukrainian airlines that made more than 50 flights a month in January, Motor Sich remains the most punctual, with 93.4% and the number of flights 229.
Windrose is second with 91.2% and with the number of 342.
Punctuality of Ukraine’s largest airline in the market – Ukraine International Airlines – was 87.5%, while the number of flights serviced was 2,602.
The indicators in March for Bukovyna and SkyUp were 81% each and 84 and 267 flights respectively.
Air Baltic, Jordan Aviation, Alitalia, Czech Airlines, Laudamotion, AZAL, Wizz Air UK and Bulgaria Air were ranked the top of the March punctuality rating among foreign airlines with the 100% punctuality, the number of their flights was from four to 83 per month.
Pegasus Airlines had the best performance among low cost airlines – 92.6% with 95 flights. The figure of Hungarian Wizzair was 91.6% with 486 flights, while Irish Ryanair and the Italian airline Ernest turned out to be next in the rating – 88% with 233 flights and 87% with 100 flights respectively.

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LATVIAN CONCERN OLAINFARM RAISES SALES IN UKRAINE BY 21%

The Latvian pharmaceutical concern Olainfarm in January-March 2019 increased sales in Ukraine by 21% compared to the same period in 2018.
According to the concern, the share of its sales in Ukraine for the two months amounted to 8% (EUR2,852 million) of consolidated sales.
However, in March 2019, the consolidated sales of Olainfarm in Ukraine decreased by 24% compared with March 2018, to EUR172,000 and amounted to 2% of the total sales of the concern.
In total, in the first quarter of 2019, the concern increased sales by 14%, to EUR34.7 million, in March the sales of the group rose by 3% compared to March 2018, to EUR10.8 million.
In January-March 2019, Latvia (a share of 28%), Russia (26%), Belarus (16%) and Ukraine (8%) remained the main sales markets of Olainfarm group.
Olainfarm is Latvia largest and one of the largest companies in the Baltic States for production of medicines and chemical-pharmaceutical products. The portfolio of its products includes over 60 finished dosage forms, 25 active pharmaceutical substances and more than 20 chemical intermediate products.

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