22nd Sep 2010 07:00
PRESS RELEASE
September 22, 2010, Kyiv, Ukraine
MHP S.A.
Analyst and investor day
MHP S.A. (LSE: MHPC) ("MHP" or the "Company") is today hosting an event in Ukraine for analysts and investors encompassing a presentation by management and a visit to the Company's Myronivka Poultry farm and Fodder plant.
The presentation will include detailed construction plans for MHP's Vinnytsia poultry complex project, the commencement of which was announced in May this year. Projected capex for the first phase scheduled to come into operation in 2013 and reach its full capacity in 2015, is expected to be approximately U.S.$750 million. Once completed the phase one of Vinnytsia poultry complex is expected to have an aggregate annual capacity of 220,000 tonnes of chicken meat. Further detail on the projected capex for the project is available in the management presentation being given today. The presentation will be posted later today on MHP's website - http://www.mhp.com.ua/
MHP will also be confirming that it intends to increase its land bank to 400,000 hectares from its current level of over 220,000 hectares.
This event is intended to provide a greater understanding of the Company's activities and no further material information will be provided.
For further information please contact:
Financial Dynamics Ben Foster (London) Marc Cohen (London) Leonid Solovyev (Moscow)
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London: +44 20 7831 3113 Moscow: +7 495 795 06 23
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For investor relations enquiries:
MHP Anastasia Sobotyuk (Kyiv)
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Kiev: +380 44 207 99 58 |
Notes to Editors:
About MHP
MHP was admitted to the Official List of the London Stock Exchange in May 2008. It is the leading producer of poultry products in Ukraine, with a 2009 market share for industrially produced chicken meat of approximately 43%, according to the State Committee on Statistics of Ukraine. It's "Nasha Riaba" brand is the market leader, whilst MHP also has several other national and regional brands for processed meat products.
MHP is fully vertically integrated owning and operating each of the key stages of chicken production processes, from feed grains and fodder production to egg hatching and grow out to processing, marketing, distribution and sales (including through MHP's franchise outlets). Vertical integration reduces MHP's dependence on suppliers and its exposure to increases in raw material prices. In addition to cost efficiency, vertical integration also allows MHP to maintain strict bio-security and to control the quality of its inputs and the resulting quality and consistency of its products through to the point of sale.
MHP also has an important and expanding grain operation, producing and selling sunflower oil as a by-product of its fodder production. MHP also produces and sells beef, sausages, cooked meats convenience food products, goose meat, foie gras and fruit.
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