Business news from Ukraine

MHP TO INVEST $500 MLN IN SECOND STAGE OF VINNYTSIA POULTRY FARM

10 October , 2016  

KYIV. Oct 10 (Interfax-Ukraine) – Myronivsky Hliboproduct (MHP) will invest $500 million in the second stage of the Vinnytsia poultry farm, MHP Chairman Yuriy Kosiuk told reporters on the sidelines of the Kyiv International Economic Forum.

“We will build and expand the second stage of the Vinnytsia poultry farm. This is almost another $500 million,” Kosiuk said, referring to the plans for 2017.

According to him, MHP in 2016 managed to realize all the plans.

As reported, with reference to company CFO Viktoria Kapeliushna, MHP intends in 2017 to increase capital investment to $150-180 million from $100-110 million in 2016 due to the start of building second stage of the Vinnytsia poultry farm.

MHP is the largest poultry producer in Ukraine. It also deals with the production of grains, sunflower oil and meat.