MHP vests USD 250 mln in development

In the current year, the agri-industrial holding Myronivsky Hliboproduct (MHP) invests more than USD 250 mln in the launch of phase two at Vinnytsia Poultry Farm, in biogas complex in Vinnytsia and in the modernization of the existing facilities, Interfax-Ukraine reports.

"The total amount of investments this year will make up more than USD 250 mln. USD 160-170 mln will be allocated for launching the phase two of Vinnytsia Poultry Farm in 1.5 months, the most produce of which will be exported. About USD 20 mln will be invested in the construction of the second biogas complex in Vinnytsia. The rest of the investment will be used to modernize the existing facilities," Viktoria Kapelyushnaya, the company's CFO, comments.

According to her, MHP is currently considering proposals for the purchase of new assets in several countries.

By the end of 2018, the agroholding intends to reach the last year's level of EBITDA, or possibly 5% higher.

Reference: MHP's proposal for the purchase of the French company Doux was declined by the local court.