MHP, the biggest poultry producer in the Ukraine, is hoping to boost its exports of chicken meat by 20 percent in 2015, said the company’s chief financial officer, Viktoria Kapelyushnaya.
The Ukrainian company currently sends poultry to about 50 countries. It is expanding its sales to the European Union after Russia stopped buying its products in February 2014, according to Kapelyushnaya.
“If we talk about volume drivers, we are replacing the Russian market with the EU and the Middle East,” Kapelyushnaya told Azernews. April and May exports have grown after export volumes decreased 14 percent from a year ago in the first quarter, she added.
MHP’s key product categories include chicken, ducks, geese, broiler hatching eggs, feed sales, pork, beef, fruit and dairy. The company processes an estimated 254 million birds on an annual basis, according to the WATT Global Media Top Companies Database.
MHP, a vertically integrated company, announced in January that it would begin trading company shares on the Ukrainian Exchange. The company also recently announced that it was embarking on a major expansion project, building a new facility in Vinnytsia that will contain broiler production complexes, a breeder farm, hatchery, a fodder complex and a slaughterhouse.