News archive
23 September 2021
Corporate social responsibility disclosure in agroholdings
Overview -Firms’ corporate social responsibility (CSR) reporting has gained increasing attention from scholars over the last decades. The corporate transparency’s strong signaling effects for creditors and investors and self-disciplinary impact on management have been widely acknowledged as essential to corporate viability. Extant research largely examines...
23 September 2021
EkoNiva to develop online dairy sales
News -EkoNiva, a Russia-based agroholding, plans to increase online sales of dairy products threefold until 2022. For this purpose, the company is developing cooperation with online delivery services. Currently, the segment of value-added dairy products accounts for 10% of EkoNiva’s revenue. In addition, EkoNiva wants to increase dairy supply to the...
22 September 2021
Damate to build new poultry farm
News -Damate, a Russia-based agroholding, has started the construction of a new poultry farm in the Tyumen region. The estimated worth of the project is around $71.3 million. The construction works are to be completed in 2023. After reaching full design capacity in 2025, the farm is expected to produce 12 million hatching eggs annually. Damate will use...
21 September 2021
CFG started harvesting potatoes
News -Continental Farmers Group (CFG), a Ukraine-based agroholding operating 195,000 hectares of farmland in the western part of the country, has started harvesting potatoes from the total area of 1,800 hectares. The provisional yield results are as follows: 31 tonnes per hectare for seed potatoes, 44 tonnes per hectare for ware potatoes, and 35 tonnes...
20 September 2021
Epicentr-Agro invested $52 million in grain storage
News -Epicentr-Agro, a Ukraine-based agroholding, has lately renovated its grain elevator in the Vinnytsia region and enlarged the storage capacity of the facility from 100,000 tonnes to 375,000 tonnes. The total worth of investment in the reconstruction works amounted to $52 million. Currently, Epicentr Agro’s total storage capacity is about 1.5 million...
17 September 2021
Astarta-Kyiv to invest $50 million in deep soybean processing
News -Astarta-Kyiv, a Ukraine-based agroholding, wants to produce soy protein concentrate on its soybean processing plant in the Poltava region. The company will invest about $50 million in the construction of a deep processing line with annual production capacity of 100,000 tonnes of soy protein concentrate. The project is to be implemented within two...
15 September 2021
Rusagro to extend farmland up to 1 million hectares
Rusagro, a Russia-based agroholding, plans to extend its farmland area up to 1 million hectares in the mid-term perspective. Today the company operates 538,000 hectares. Also, Rusagro wants to raise its annual pork production up to 400,000 tonnes in live weight using its existing capacities. In 2020, the company produced 308,000 tonnes of pork in...
15 September 2021
MHP acquired beef production company
News -MHP, Ukraine’s largest poultry producer, has acquired a 51% stake in Lubnymyaso, Ukrainian beef production company. The acquired company operates a plant with daily production capacity of 25,000 tonnes of beef meat. Net asset value of Lubnymyaso has been estimated at $1.53 million. Previously, the company used to supply beef to MHP’s countrywide...
13 September 2021
Sibagro acquired another pig farm
News -Sibagro, a Russia-based agroholding, has acquired a pig farm in the Kursk region at an auction. The worth of the deal was $12.36 million. The farm has one-time maintaining capacity of 77,000 pigs and produces 15,000 tonnes of pork annually. Back in 2020, a local court initiated bankruptcy proceedings against the farm. With this acquisition, Sibagro...
13 September 2021
MHP posts net profit of $232 million for H1 2021
MHP, Ukraine’s largest poultry producer, received net profit of $232 million in January-June 2021 (H1 2021), as compared to net loss of $62 million in H1 2020. Within the reporting period, MHP’s revenue rose 14% to $989 million, of them 51% or $502 million accounted for export revenue. Operating profit increased 85% to $255 million, while gross...