News archive
30 June 2018
Brazilian BRF plans to sell assets
News -BRF S.A., one of the biggest food companies in Brazil, announced a restructuring plan for 22 of its 35 production plants, which includes the sale of some of its operations located in Argentina, Europe and Thailand and is expecting to receive R$ 5.000 million ($ 1.293 million) from these transactions. Pedro Parente, BRF´s CEO, indicated that the company must adjust its production according to the existing demand, which has declined, since the EU banned some meat products from Brazil due to food safety inconsistencies.
29 June 2018
Adecoagro boosts its rice production
News -Adecoagro, the biggest rice exporter in Argentina and one of the largest in South America, seeks to expand its rice production. The company invested recently $ 1.4 million in order to increase the production capacity of the mill of Franck in the province of Santa Fe. The mill of Franck was acquired by Adecoagro in 2011 for $ 12 million. Adecoagro...
28 June 2018
Grupo Mattievich reopens a plant in Carcarañá
News -Grupo Mattievich, a meat producer founded in 1986 by the Argentine businessman José Mattievich, reopened a plant in Carcarañá closed since 2011. The company hopes to boost its volume of production in order to return to the international market. Currently, Grupo Mattievich also plans to reopen two other processing plants in Rosario and San Martin. The plant in Carcarañá is expected to achieve a production volume of 12,000 heads per month.
28 June 2018
KazAgro welcomes a Ukrainian delegation
News -The management of JSC Holding KazAgro met with a Ukrainian delegation headed by the Deputy Minister of Agrarian Policy and Food for European Integration, Olga Trofimtseva, in Astana, Kazakhstan. During the meeting, the parties discussed topical issues of Kazakh-Ukrainian cooperation in the field of agriculture. Special attention was paid to the...
26 June 2018
Social cook book: the CSR recipes of agroholdings
Overview -Large agricultural companies interact with tens of thousands of stakeholders as their operations are located in hundreds of communities. How do these companies address their stakeholders? An example from Ukraine, published on agroportal.ua, provides some answers to this question.
26 June 2018
Sancor's bulky debt delays the sale to Adecoagro
News -Adecoagro, an agroholding company operating in Argentina, Brazil and Uruguay, is so far the only one interested in buying the Argentina-based SanCor. Due to the bulky debt of SanCor, Adecoagro is now analyzing the possibility of acquiring only a part of the dairy cooperative. SanCor's total liabilities amount to $ 480 million and include debts to the staff, to the milk producers, to the AFIP (Federal Administration of Public Revenues of Argentina), and to Buenos Aires Factoring, a company that acted as finance company for the operations of the dairy cooperative in Venezuela. Adecoagro would pay $ 400 million to get 90% of the newly established corporation, of which $ 300 million will be directed to the payment of debt. The dairy cooperative will keep the remaining 10 %.
26 June 2018
Conflict between Conaprole and milk producers
News -The Uruguayan dairy cooperative Conaprole, founded in 1936, has a conflict with the milk producers due to their disagreement with the Conaprole workers' union. Therefore, the milk producers plan to stop supplying the dairy cooperative with milk. The cooperative and the producers state that at this stage there is currently a slowdown in the supply. The workers' union denies this situation.
23 June 2018
MHP's giant poulty farm accused of water pollution
News -Residents of the three Ukrainian villages Zaozerne, Kleban and Olyanytsya filed a complaint to EBRD, protesting against the development of the giant Vinnytsia Poultry Farm owned by Mironivsky Hliboproduct (known as MHP). The farm housing over 17 million chickens and planning to double its production by 2021 is said to be a source of environmental pollution. The villagers complain that water levels in their wells have fallen and the quality of the river water became worse. MHP stated that it has no relation to the disappearance of the water in the wells, because the water for the production needs of the poultry factory is taken exclusively from the South Buh River. The water is then cleaned and returned to the river in better quality than it was before the extraction.
22 June 2018
Kupalovskoye Agro Holding is looking for a private investor
News -Kupalovskoye Agro Holding, which consists of the management company OOO Kupalovskoye, ZAP Bolshie Slaveni, OAO Amkodor-Shklov and OAO Novogorodishchenskoy in Shklov District of Belarus, is looking for a private investor. The agroholding was created according to the instruction of the President Alexandr Lukaschenko in July 2017, who urged to create...
22 June 2018
Food Contract Corporation gets a new chairman of the board
News -Nurlybek Malelov was appointed the chairman of the board of the Kazakhstan-based Food Contract Corporation. Previously, Malelov held executive positions in Bank Turan Alem, ATF Bank, served as a managing director of National Holding Company KazAgro, the chairman of the board of KazAgroFinance, and the head of the board of Agrarian Credit Corporation. The main activity of Food Contract Corporation is the development of export infrastructure of Kazakhstan. The sole shareholder of the company is the KazAgro agroholding.