History

MHP went through a restyling. On November 7, 2017, MHP presented the updated logo of the MHP Group to all employees and the public. A new logo represents the transformation of mill, the historical element of the company logo since 1998.

The processing plant in Slovakia was set up based on the Dutch model.

MHP Agricultural Holding has launched a joint project with Radar Tech and Agrohub – MHP Accelerator, which is aimed at finding, developing and integrating startups in the agricultural business.

Elena Kosiuk, Head of Food Quality Technology Department, first introduced MHP to the IFC International Food Safety Forum. This was made possible due to the fact that MHP was one of the first companies in Ukraine to introduce the HACCP (Hazard Analysis and Critical Control Points) system.

The construction of the second stage of the Vinnytsia Poultry Farm has begun. The total capacity of the second stage, which will be put into operation at 100% over the next three years, is 260 thousand tons.

MHP is implementing the SAP S/4HANA system in the distribution center in the UAE, which allows automating business processes and managing information flows in real time. It is planned to further implement the system throughout the company.

Key Indicators of 2016:

100% utilization of the production capacity.

100% self-sustainment with incubation eggs.

No.1 exporter of poultry meat in Ukraine.

Export diversification: new distribution offices have been opened in countries of Middle East and North Africa.

Opening a new processing plant in the Netherlands.

The land bank of PrJSC "MHP" is 370,000 ha.

100% efficiency in waste recycling.

During 2015 the MHP Peremoga Nova broiler poultry farm had been reconstructed and assigned a status of parent stock poultry farm.

At Oril Leader poultry farm and Myronivska Poultry Farm the capacities for growing poultry were extended. In Myronivka, a new laboratory for the needs of Lehko Meat Processing Plant, Myronivsky Plant for Manufacturing Groats and Feeds and Myronivska Poultry Farm, was put into operation.

In June MHP exchanged their assets in Voronezh Region of the Russian Federation "Voronezh Agro Holding" (40,000 ha of land and elevators for 150,000 tons) to the assets of LLC Agroculture in Lviv, Ternopil, Ivano-Frankivsk Regions of Ukraine (60,000 ha of land and elevators for 90,000 tons).

The company is actively implementing innovative technologies of precision agriculture and management of land bank at all their crop enterprises.

During 2015, the first in MPH oil extraction plant being completely compliant with the MPH’s needs in the soybean husk had been built and put into operation within Katerynopilsky Elevator LLC.
In Brussels six MHP products received European awards of ITQI – International Taste & Quality Institute. All the products submitted for the competition, were awarded; the superior merit was gained by “Delicious Wing” product.
 

Construction and launch of phase one of Vinnytsia complex with the capacity of 220,000 tonnes of poultry meat per annum is complete. In 2014 the enterprise was granted export of its products to EU countries and started chicken export under “Qualiko” trademark.

For the first time MHP takes part in the largest world food product expos: GULFOOD (Dubai, UAE) and SIAL (Paris, France). Export geography reaches 50 countries of CIS, Asia, Africa, and Middle East. MHP export volumes are growing. For the purpose of MHP’s export to world markets a new “Qualiko” trademark was created.

A new Chick & Go trademark was developed and brought to the Ukrainian market – the unique brand of chilled products, ready-to-eat.

This is also the year of internal personnel programs rapid development and the introduction of new solutions at the level of internal communications.

7 production sites are operational at full production capacity at Vinnytsia poultry farm.

MHP successfully issues US$750 million Eurobonds maturing 2020 and offers 2015 Eurobonds for the exchange. For the first time MHP approves dividend payout in the amount of US$1.12 per share, which is equivalent for US$120 million.

Three MHP enterprises (Myronivska poultry farm, Snyatynska poultry farm, meat-processing plant “Lehko”) received the approval numbers from the EU authorities, which allow export of their production to EU countries.

Due to land bank acquisitions in Russia (40,000 hectares) and in Ukraine (35,000 hectares), total MHP land bank constituted 360 thousand hectares.
 

In 2012, the first phase of the Vinnytsia Complex was completed and became operational. An
annual production level of approximately 220,000 tonnes is expected to be reached in the middle of
2014.

In April, MHP began the construction of the biogas station in the ‘‘Oril-Leader’’ poultry farm with
the first fermenter commencing its operation as a pilot scheme in December 2012.
MHP increased its land bank by approximately 5,000 hectares of land.

On 4 December EU authorities voted to include Ukraine on the list of the third countries that have
the right to export poultry products to the EU. Pursuant to the EU Regulation No. 88/2013 of
31 January 2013, Ukraine has received permission for export of poultry products into EU countries.
 

MHP launched pilot project "Biogas". US$15 million will be invested in a new Biogas plant at Oril-Leader poultry farm that will use chicken manure and waste from the plant as raw material, reducing our carbon footprint and helping reduce our cost of production.

Refinanced its US$250 million Eurobond and issued US$330 million due 2015. Construction of Vinnytsia Poultry Complex started.

Completed Myronivka Poultry Farm of 220,000 tonnes capacity, increased sunflower processing capacity. Successful restyling of Nasha Riaba.

MHP listed on LSE through an IPO in GDRs. MHP also acquired 80% stake in Ukrainian Bacon. The Company became self-sufficient in corn.

Phase 1 of the Myronivka poultry farm was launched, the Starynska breeding farm and Katerynopilsky fodder plant were extended.

MHP S.A. was incorporated in Luxembourg. Lehko plant launched into operations. US$250 million Eurobond issued.

Zernoproduct, a farm founded in 2004 to grow corn, wheat, barley and sunflowers,was incorporated into MHP. Katerynopilsky Elevator (a mixed-fodder and grain storage facility) also joined the company. This enabled MHP to increase its control over mixed-fodder production and to sell it to third parties. In May MHP founded the Cherkasky Pre-cast Concrete Factory to produce panels for the construction of chicken barns.

At the Myronivsky Plant for Manufacturing Groats and Feeds, a plant for crushing sunflower seeds was put into operation as the next stage in implementing the company’s vertical integration strategy. The protein it produces from the seeds is used in fodder production. Sales of sunflower oil, a by-product of the crushing process, began in the same year.

In December MHP was the first Ukrainian company to receive a loan from the International Financial Corporation

(IFC) to increase and modernise its production facilities. By implementing a diversification strategy between 2003 and 2006, MHP initiated a range of new operations:

- production of corn, sunflower, wheat, rape and other crops;

- production of sausages and pre-cooked meats;

- breeding of cattle for premium beef production under the brand «Certified Angus»; and

- production and sales of goose liver and foie-gras.

The «Nasha Riaba» brand of chilled chicken was launched on the market.

MHP acquire and upgrade farm "Peremoga", and began production of poultry.

The company acquired a controlling stake in OJSC Myronivsky Plant for Manufacturing Groats and Feeds and became one of the leading grain-trading companies in Ukraine.