Saturday, 26 October 2013

Ukraine eggmaker’s hard-boiled expansion plan - FT.com

Ukraine eggmaker’s hard-boiled expansion plan - FT.com:

"AvangardCo, the London-listed Ukrainian egg producer, has increased its output in the first nine months of the year to more than 5bn eggs, as it aims to take on a larger US rival and become the world’s biggest egg producer.
The Ukrainian company, which listed shares on the London Stock Exchange in 2010, has invested $500m over the past four years to construct two major poultry complexes and a new egg processing plant.
On Friday, the group reported a 9 per cent increase in egg production in the nine months to September 30, which has allowed it to expand its exports to 33 countries – primarily the fast growing markets of the Middle East, north Africa, and Central Asia."

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