Ukrainian agricultural holding KSG Agro and pasta producer Makarony Polskie (Rzeszów, Poland) signed a letter of intent to establish cooperation in the field of trade in vegetable oil and grain, as well as cooperation in other areas of agricultural production.
Information about the conclusion of the relevant protocol was made public on the Warsaw Stock Exchange on Monday evening.
According to the announcement, the parties intend to arrange the import of rapeseed and sunflower oil from Ukraine for their processing and sale in Poland and third countries.
It is clarified that the letter of intent is not a binding agreement, but only expresses the desire to start negotiations on mutual cooperation of the parties.
According to the website of the Polish company, Makarony Polskie is one of the largest manufacturers of pasta in the country. The company has production plants in Rzeszów and Częstochowa.
Its products are offered under the brands Makarony Polskie, Sorenti and Abak.
The vertically integrated holding KSG Agro is engaged in pig breeding, as well as production, storage, processing and sales of grain and oil crops. His land bank is about 21 thousand. ha in Dnipropetrovsk and Kherson regions.
According to the agricultural holding, it is among the top 5 pork producers in Ukraine.
In 2021, KSG Agro increased net profit 16 times compared to 2020 – to $20.27 million, revenue – by 44%, to $30.75 million, while doubling EBITDA – to $12.28 million.
