Ovostar Union intends to double sunflower oil output in 2012
2011-12-14 15:04:28
Ukrainian Agro Holding Ovostar Union will increase sunflower oil output by two times with the help of UAH 10-15 M (USD 1.2-1.9 M) investment according to the co-owner and director general of Ovostar Union, Borys Belikov. Currently company has finished construction of an extra virgin sunflower oil workshop, total worth of UAH 3.5 M reaching 80 tons of processed sunflower oil per day. Company is negotiating with Fozzi Group and Eko for supplying new brand of sunflower oil via these supermarket chains.
Company has shown stable growth over the period since its IPO and is hitting its all-time-high 62 PLN (13.5 EUR) per share. We assume that in case company follows its current strategy of growth and development, it has a strong potential in the future.