MHP to invest USD 100 mln in its foreign assets — Kosyuk

The agro-industrial holding MHP is set to invest apx. USD 100 mln in the development of its foreign assets. This was announced by Yuri Kosyuk, Chairman of the Board of MHP, in the interview with LIGA.net.

"We are building in Saudi Arabia, in the Netherlands, in Slovakia, now we are considering options in Serbia and Croatia. That's tens of millions of dollars, in total, I believe it is about USD 100 mln of investments," he said.

The businessman also said that MHP intends to build its business from scratch in Croatia and Serbia.

According to him, the acquired Slovenian poultry farm Perutnina Ptuj (PP) intensified production by 30% last year. The company also plans to grow by 30% in 2020, as the market is not yet saturated.

"The European market is not saturated yet, and we see what there is, where to grow, and we are actively developing. We are happy with that," commented Yuri Kosyuk.

Previously reported that the MHP subsidiary, Katerynopilsky elevator, produced the largest volume of soybean oil in Ukraine, thus holding a 17% market share in 2019.