Myronivsky Hliboproduct (MHP) has announced the start of construction of a 25 MW Battery Energy Storage System (BESS) in Ladyzhyn, Vinnytsia region, this year.
According to a press release by MHP, the agricultural holding began implementing a conceptual project for the construction of the Energy Storage in Vinnytsia region as part of the creation of the energy cluster MHP Energy Hub. The implementation of energy projects of the agricultural holding is carried out by PrJSC MHP Eco Energy, which is an electricity supplier and a management company of the largest biogas energy producers in Ukraine.
“The first step of MHP Eco Energy is announcing a tender for the development of a feasibility study for connecting BESS to power grids, with the possibility of using Smart Grid Technologies in the future,” MHP said.
According to MHP, the implementation of the project for the construction of BESS with a capacity of 25 MW in Ladyzhyn will begin in 2020 and will take place in four stages: the first one of 5 MW/5MWh, the second of 5 MW/5 MWh (the total capacity of 10 MW/10 MWh), the third of 5 MW/5 MWh (the total capacity of 15 MW/15 MWh), the fourth one of 10 MW/10 MWh (the total capacity of 25 MW/25 MWh).
“Ukraine needs to reduce its dependence on “dirty” energy and very quickly upgrade its energy infrastructure through the use of Energy Storage and Smart Grid in order to remain economically competitive and energy independent. The accumulation of energy will allow us to have a power supply that will be available 24/7. Energy storage plays an important role in creating a more flexible and reliable system of operation of power grids,” MHP noted.
The shareholders of Myronivsky Hliboproduct agricultural holding (MHP) have approved the appointment of Philip Wilkinson as an additional director of the company. According to the MHP report on the London Stock Exchange’s website, the appointment was the only issue on the agenda of the company’s extraordinary meeting on March 24, 2020.
MHP is the largest producer of poultry in Ukraine. It is also engaged in production of cereals, sunflower oil, meat. MHP supplies chilled poultry carcasses to the European market, which are processed, in particular, at its enterprises in the Netherlands and Slovakia.
In February 2019, MHP completed the acquisition of the Slovenian company Perutnina Ptuj.
The founder and majority shareholder of MHP is Ukrainian businessman Yuriy Kosiuk.
In 2018, MHP’s net profit decreased by 44.3%, to $128 million, revenue increased by 21%, to $1.556 billion.
Myronivsky Hliboproduct (MHP) allocates UAH 15 million to purchase 19 artificial lung ventilators and personal protective means in Vinnytsia region.
MHP said on its Facebook page that a representative of Vinnytsia Regional State Administration and the agricultural holding developed an operational plan to counter coronavirus (COVID-19) outbreak.
“A commission has been created, the headquarters will begin work in the coming days,” the company said.
According to MHP, a shared strategy for COVID-19 prevention has already been developed. MHP purchases 19 artificial lung ventilators with a patient’s monitor and an oxygen concentrator for all hospitals in Vinnytsia region, where there are departments of infectious disease.
In addition, the purchase of personal protective equipment will be provided for Ladyzhyn city hospital, Tulchyn and Trostianets regional hospitals.
“MHP will also assist in the search and acquisition of all necessary personal protective equipment and medical devices, by involving its own specialists from the logistics department,” the company said.
MHP is the largest producer of poultry in Ukraine. It is also engaged in production of grains, sunflower oil and meat.
Myronivsky Hliboproduct (MHP) will allocate about UAH 14 million to purchase high-priority equipment for hospitals and personal protective equipment in Cherkasy region.
MHP said on Facebook that on March 19 representatives of Cherkasy Regional State Administration and the agricultural holding developed an operational plan to counter the spread of coronavirus.
“To date, a commission has been created, a headquarters will be created in the coming days,” the company noted.
According to MHP, the priority task for today is the purchase of needed equipment for hospitals and personal protective means. In addition, the company will support the purchase of all necessary devices by involving its specialists from the logistics department.
“The local authorities and MHP are urging other businesses, whose facilities are located in Cherkasy region, to actively participate in reducing the risks of the spread of coronavirus,” MHP said.
MHP is the largest producer of poultry in Ukraine. It is also engaged in production of grains, sunflower oil, meat.
Myronivsky Hliboproduct (MHP) has placed ten-year eurobonds for $350 million with a yield of 6.25% per annum. “MHP issued ten-year eurobonds worth $350 million at 6.25% per annum,” a source in banking circles has told Interfax-Ukraine.
The funds will be used to refinance short-term liabilities, including eurobonds maturing in 2020, and general corporate needs.
At present, three issues of the holding’s eurobonds are in circulation: with maturity in April 2020, a coupon rate of 8.25% per annum and a yield of 3.294% per year, with maturity in May 2024, a coupon rate of 7.75% per annum and a yield of 5.902% per year. The last time MHP issued eight-year eurobonds in April 2018 for $550 million with a yield of 6.95% per annum.
MHP is the largest poultry producer in Ukraine. It is also engaged in production of grains, sunflower oil, and meat.
Myronivsky Hliboproduct (MHP) has announced that it has reached a final settlement price of EUR 221.095 million with Slovenian Steel Group (SIJ) to acquire Perutnina Ptuj, a leading poultry meat and a meat-processing company headquartered in Slovenia.
According to a company report, the price per share is EUR 22.34. SIJ held 9.897 million shares in the Slovenian company. The acquisition was completed in February 2019 subject with final purchase price defined based on audited financial statements of 2018. MHP has now completed this process and has today confirmed a 90.69% stake in Perutnina Ptuj.
“The company is undertaking a full assessment of Perutnina Ptuj’s production facilities and will reveal a full modernisation plan later this year during roadshow/meeting with stakeholders both in Slovenia and London together with top management of both companies,” MHP said.
MHP is the largest poultry producer in Ukraine. It also deals with production of grain, sunflower oil, meat goods.
