MIRONIVSKY HLIBOPRODUCT to Open Subsidiary Trading Company in Egypt

According to Viktoriya Kapeliushna, financial director of MIRONIVSKY HLIBOPRODUCT (MHP), one of the leading Ukrainian poultry producers, they are to open a subsidiary trading company in Egypt by the end of 2016, as reported by Ukrainian News.

Kapeliushna noted that the MHP owned a trading company in the UAE already.

“The company’s presence on the market helps us understand the pricing, discuss month-by-month supplies and manage sales,” said Kapeliushna. According to her, this would also facilitate brokering of direct contracts with local retailers.

The MHP is also engaged in supplying poultry byproducts as well as grains and sunflower oil. Its 2016 mid-year operating income has reached USD 530 million with USD 94 million of net profit compared to USD 61 million loss for the same period last year.

Source: delo.ua