Ovostar Union announces major modernisation plans
Ovostar Union, one of the largest egg producers in Ukraine, will invest USD 90 million in the modernisation of its production facilities over the coming three years. The investment will substantially increase the volume of egg production, the company announced.
The reconstruction of one factory will be completed by the end of 2013, which will make 5.4 million bird placing stalls available. A similar facility is currently being constructed in the Kiev region which will increase the number of bird placing stalls from 1 million to 4.6 million. By the end of the investment program in 2018, the company is aiming to have doubled its poultry numbers.
Egg production is expected to reach 2.1 billion eggs, liquid egg products’ production is expected to reach 14,000 tonnes and dried egg products are expected to be produced at the rate of 2,200 tonnes.
The company reported strong operational results during the first half of the year with the volume of egg sales rising by 14% in a year-to-year comparison. At the same time the rise in prices for feed increased the cost of production of one egg by 35% compared to the beginning of the year.
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