September 20, 2012

An investment of US$34.5 million will be put in by Ovostar Union, a large producer of egg products, in building up production capacities by 2014.

According to the company's director-general, Borys Belikov, the company will channel these funds to the renovation of five birdhouses of capacity 300,000 heads, and also modernisation of the chicken meat processing floor.

Belikov reckons this will help the company to augment its share in the industrial segment of production of eggs and egg products from 5-10% or 12%.

"When the investments are through we will double the share to 10% or 12%," he said.

In his words, the private sector accounts for 55% of total production of eggs and egg products and the industrial segment accounts for 45%.

The director-general specified, after completion of the investment programme, the company also plans to expand the export market and start supplying egg products to Europe soon.

As Ukrainian News earlier reported, Ovostar Union increased eggs output in 2011 by 14.1% or 76.9 million pieces to 623 million pieces.

Ovostar Union plans to increase egg production by more than 2.3 times or 827 million pieces to 1,450 million eggs before 2015 from 2011.

Ovostar Union Group (former Boryspil Agro Trade holding) consists of seven enterprises, including the Ukraina poultry farm with a capacity of one million eggs a day, the Stavyschanska poultry farm, the Ovostar plant of egg products, and Zolote Kurcha trading house.

The group produces and sells eggs under the brand names Yasensvit and Teleshivski Yaitsia.