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«AgroInvest» — News — 

Avangard innovations and achievements

2011-07-08 16:48:00

The company "Avangard" is one of the largest producers of eggs and egg products in Ukraine, has completed construction of the first poultry complex, "Avis" in Khmelnitsky region. According to theAvangard "Avis" is one of the major projects for implementation by holding and funds were raised during the initial offering of shares of the company on the London Stock Exchange in May 2010. It is reported that at the same time similar complex "Chernobaevskoe" is being constructed in the Kherson region.

General Director of "Vanguard" Natalia Vasilyuk stated that these projects with a closed cycle of production and livestock poultry by three million each will be the largest poultry farms throughout the Eurasian region. Ms. Vasilyuk reported that the company has decided to further significantly develop "Avis". In addition, the complex will have a warehouse, shop for the slaughter of chickens, processing capacity of 6 thousand birds per hour, a line of sorting and packing eggs with capacity of 360 thousand pieces per hour. Also, there will be constructed feed mill with capacity of 60 tons of feed per hour.

During the first part of the year the company increased egg production by 83% versus the same period in 2010 - to 2.9 billion pieces. In addition, during this period, the company increased poultry stock by 30% - 24.4 million heads.

Avangard is one of the largest agribusiness companies in Ukraine, specializing in the production of eggs and egg products. In 2010, the company was holding 26% of the market of eggs (43% of the industrial market eggs) in Ukraine and 79% of egg products market in the country. Production and sales facilities are located in 14 regions of Ukraine and the Autonomous Republic of Crimea.

As a result of the IPO on the London Stock Exchange in May 2010 the company raised 200.2 million dollars and in October 2010, the company has placed eurobonds in the amount of 193.5M USD with a maturity in October 29, 2015.

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