July 11, 2011
APK-Invest to increase market share of industrial pork
The APK-Invest agricultural company (Donetsk region) intends to occupy 12% of Ukraine's industrial pork by the end of 2011.
"The company plans later this year to take 12% of the market of industrial pork production," it said in the statement.
It said it produced 13,500 tonnes of pork in 2010 which, it added, was the largest share in the Ukrainian market at 9%. "Today, the figure is 10%," the report said.
APK-Invest said the project began in 2006 and had used more than UAH1.4 billion (US$175 million) of planned investment which will total UAH3.5 billion (US$438 million) by 2015.
The company points to the stable growth dynamics in developing its distribution network, "M'yasna Vesna [Meat Spring]", which at present has 40 commercial properties.
Ukrainian News earlier reported that in the first half of this year, the APK-Invest agricultural company increased production of pork by 17% or 1,221 tonnes to 8,400 tonnes, compared with the first half year of 2010. Sales revenue was UAH211 million (US$26 million).
APK Invest is a vertically integrated agro-industrial company which has a livestock breeding complex, a feed factory and a meat-processing factory. It makes products under its own trademarks of Meat Spring and Kovbaskharchoprom and runs its own chain of Meat Spring shops.