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the company expects to boost its poultry exports to 380 tonnes in 2019, or by 17% y/y. "We expect that higher export volumes and cost improvements at its newly acquired assets will allow the company to generate Ebitda of about $335mn in 2019, or an 8% y/y increase", he added.
● Other
The EBRD is reviewing a €100mn loan request from MHP to buy a 91% stake in Perutnina Ptuj, Slovenia’s main poultry producer. “Some media reports that the EBRD allegedly rejected this project are not true,” Anton Usov, the EBRD’s regional spokesman, tells Interfax-Ukraine.
Ukraine's battered farming holding Mriya, which defaulted on its $1.2bn debts in 2014, and Continental Farmers Group (CFG) have completed the merging of their businesses and will now work under a single brand, Continental, cultivating land in five regions of Western Ukraine. The headquarters of the company, as before, will be located in the city of Ternopil, and the Continental representative offices will work in Kyiv and Vyriv (the Lviv region), the company said in a statement e-mailed to bne Intellinews.
A fire erupted at a poultry house owned by Ukraine's egg producer
Ovostar Union in the town of Vasylkiv in the Kyiv region that killed over 200,000 chickens. On June 4, a building of a total area of 15,000 sq. m. caught fire, which was brought under control as of 2pm, it reported. Later that day, Ovostar confirmed that one of its standalone poultry houses, which produces eggs, was destroyed by fire. "No one was injured. Production infrastructure was not damaged and the poultry farm keeps operating in its normal mode," the company wrote in a statement, adding that the estimated loss will be reported after a thorough examination. Andriy Perederey at Kyiv-based brokerage Concorde Capital believes that the territory of the fire contains most of Ovostar’s egg-producing assets. "We estimate the damaged poultry house’s capacity at 0.2mn hens, which is 2.5% of the company’s total hen flock," he wrote in a note on June 5. "Therefore, the damage to Ovostar’s business from the incident is not substantial."
9.2.9 Utilities corporate news
9.1.10 Renewables corporate news
DTEK Group cut its coal imports by 24% during the first quarter, compared to the same period last year. The 225,000 ton drop in imports was partly covered by switching to gas and partly by expanding DTEK’s coal production by 1.35%, to 6.5mn tons.
Norway’s Scatec Solar and PowerChina Guizhou Engineering Co. Ltd. have started to build a €124, 148 MW solar power plant in Prohressivka, 100 km west of Mykolaiv city. PowerChina is covering 65% of construction costs of the station, which is to be ready by next June. For commissioning this year, before the ‘green’ tariffs expire, Scatec is building two other solar plants: a 47 MW station in Mykolaiv and a 30 MW station in Kamyanka, Cherkasy.
70 UKRAINE Country Report July 2019 www.intellinews.com