Ovostar Union investment program 2019 includes USD 15-17 mln for modernization

The Ovostar Union company investment program for the year 2019 envisages USD 15-17 million of investments in expansion and modernization of production capacities, the WSE informs.

The investment program shall include:

• 2 poultry houses;
  
• 2 rearing houses construction and equipment;
  
• construction of poultry processing plant.

The actual CAPEX for the year 2018 is ~ USD 12,5 million. Under the investment program 2018, the company vested in 2 poultry houses construction and equipment, purchase and installment of MOBA Omnia-РХ700 egg sorting machine, purchase and integration of egg processing facilities in Makarov, Kyiv region.

In 2019, laying hens flock will increase by 13 pct, shell eggs production — by 14 pct to 1.85 bln units, dry egg products — by 12 pct to 3.3 thou. tons, and liquid egg products — by 12 pct to 14 thou. tons.

As previously reported, the company considered an investment of EUR 85 million in the construction of a new egg factory in Latvia.

The new infographic guide Agribusiness of Ukraine 2017/18 is available by the link.