The Ukrainian company, HF Agro LLC (Kharkiv), has launched new production lines in the south of Poland, having established a full cycle of production of Gekon disc harrows, the company’s website reported on Tuesday.
“Poland is a large and competitive market. In addition, it is possible to establish exports to other EU countries through it. The launch of a new production site will improve work on the European market and increase the competitiveness of products,” the company said in a statement.
The manufacturer noted that the new line of Gekon disc harrows does not require periodic maintenance due to the sealing of bearing units, which saves time for its users.
HF Agro is an agricultural machinery brand created in 2020 by Roman Hirshfeld, who previously held the position of president for production of tillage equipment of the agricultural equipment manufacturer Lozova Machinery.
The brand’s product line includes reversible plows, disc, tooth, rotary and loop harrows, subsoilers and slot cutters, field cultivators and seedbed preparation units. The product range also includes a large selection of spreaders, applicators for liquid fertilizers and ammonia, grain packers and unloaders, field rollers for soil compaction before and after sowing.
The portfolio of agricultural equipment provided by lessors to Ukrainian farmers increased by 22.2% in 2021, to 5,870 units, in particular, 2,050 tractors (35% of the total number of equipment), 645 combines (11%), 587 tillage machines (10%) and 530 seeders and harvesters (10%) were leased, according to the website of the Ukrainian Union of Lessors (UUL).
“The total number of agricultural machinery financed by organized market leasing companies amounted to 5,870 units as of the end of 2021. With this result, the lessors’ portfolio of agricultural machinery increased by 22.2% over the year, which indicates the industry’s ability to meet the growing demand of a domestic agricultural producer for the renewal and modernization of agricultural machinery,” the union said in a statement.
At the same time, UUL member companies in 2021 accounted for 2,410 units of agricultural machinery leased (41% of the total portfolio), which is 10.5% more than in 2020.
Among the union’s members, OTP Leasing concluded the most transactions for leasing agricultural machinery last year – 1,250 units (52% of the total), Kredobank – 360 units (15%), Alfa-Leasing – 260 units (11%), and ULF Finance – 168 units (7%).
The most intensive deals on leasing agricultural machinery were carried out in the second and third quarters of 2021 – 684 units and 679 units, respectively, due to the seasonality of the agricultural business.
Eridon firm could acquire Van Hoof Ukraine Ltd (both from Kyiv region), which specializes in the supply of equipment for poultry and pig farming.
According to materials on the website of the Antimonopoly Committee of Ukraine (AMC), the agency could allow Eridon to buy a stake in Van Hoof Ukraine, which will provide the buyer with over 50% of the voting shares on the company’s board.
Eridon is owned by Serhiy Krolevets. It distributes seeds, fertilizers, plant protection agents and is part of the Eridon group of companies. The group unites five agro-industrial enterprises, a seed plant, and a dairy farm.
According to the state register of legal entities and individual entrepreneurs, the ultimate beneficiary of Van Hoof Ukraine LLC is Ronabelo Limited (Nicosia, Cyprus).
The company operates in various areas of the agricultural sector. It supplies a full range of equipment for poultry and pig farms. It is also engaged in the supply of other new and used equipment (for the production of animal feed, tractors).
Van Hoof Ukraine LLC in 2018 received UAH 27.8 million in net profit compared to UAH 6.4 million in net loss in 2017. The company’s revenue last year increased 40% compared with 2017, to UAH 114.3 million.
