Agricultural and industrial Ovostar Union group of companies will build two commercial egg plants, two rearing houses and a fodder mill this year. The company plans to increase exports by 50% y/y in revenues in 2018, if the market situation doesn’t change to negative.
The exports will comprise 40% of the total egg production, while dried egg products will make up 70% in exports of the total production volumes, and liquid egg products ─ 40%.
Last year, the company suspended construction of the new plants mitigating risks of the registered bird flu in the South of Ukraine.
In March, Ovostar Union bought 89% shares of Latvian SIA OE Product in order to make it a representative company in the European market. The deal value was at USD 61 thousand.
In 2017, Ovostar posted a net profit of USD 23mln, 2% increase in y/y terms. The holding Ovostar Union N.V is controlled by Prime One Capital associated with its CEO Boris Belikov and the chairman of the board Vitaliy Veresenko.