Business news from Ukraine

MHP TO LAUNCH FIRST STAGE OF BIOGAS COMPLEX AT VINNYTSIA POULTRY FARM BY LATE 2018

Myronivsky Hliboproduct (MHP) intends by the end of 2018 to launch the first stage of a 10 MW biogas complex at Vinnytsia poultry farm.
“Investments in the first stage of the biogas complex will amount to about $20-22 million. The second phase is still under development,” financial director of the company Viktoria Kapeliushna told Interfax-Ukraine.
In addition, this year the agroholding continues to invest in the purchase of grain wagons.
“In 2018 we purchased 150 grain wagons and 50 cars last year for a total of about $8 million,” she said.
Myronivsky Hliboproduct is the largest poultry producer in Ukraine. It is also engaged in production of grain, sunflower oil, and meat.
MHP supplies cooled chicken half-carcasses to the European market, which are processed, in particular, at its enterprises in the Netherlands and Slovakia.
The land bank of the company at the end of 2017 was about 370,000 hectares.
The founder and majority shareholder of MHP is Ukrainian businessman Yuriy Kosiuk.

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UBC GROUP BUILDS FIRST STAGE OF REFRIGERATOR PLANT IN UKRAINE (VINNYTSIA)

UBC Group (Kharkiv), a commercial and industrial holding, working in the field of refrigeration and promotional products, has built the first stage of a refrigerator factory with an area of 20,000 square meters in Vinnytsia. “Vinnytsia. The new UBC Group plant – Green Cool. The first stage of about 20,000 square meters is ready. The installation and start-up phase has started under the guidance of Italian engineers. At the same time, we recruit personnel. Theoretically, in June the plant must produce the first products,” President of UBC Group Ihor Humenny wrote on his Facebook page.
According to him, refrigerators with a glass door and an ice cream box will be produced at the Vinnytsia factory.
As reported, the capacity of the first stage of the plant for production of refrigeration equipment in Vinnytsia will amount to 60,000 pieces per year. Its budget is EUR18 million.
After the launch of the first stage, UBC Group plans to expand the facility from 20,000 square meters to 35,000 square meters. The second stage will produce refrigerator boxes, the group will reach a capacity of 150,000 pieces per year. Capital investments in the second stage are estimated at about EUR10-12 million.
UBC Group has three plants in Ukraine and offices in 26 countries.

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