Ukrainian poultry giant MHP allegedly uses letterbox companies in tax havens Luxembourg and Cyprus to avoid taxes to the Ukraine budget. “By routing finances provided by investors through its mailbox companies in Luxembourg and Cyprus, MHP has aggressively sought to avoid Ukrainian taxes,” says Vincent Kiezebrink, researcher at the Centre for Research on Multinational Corporations (SOMO) which conducted the research. “This is a company that has its roots as well as most of its operations in Ukraine, yet its parent company resides in Cyprus. MHP has shown to be willing to set up elaborate tax avoidance structures to avoid paying its. Read more...
Ukraine’s biggest poultry producer MHP plans to launch 250 meat stores of the new Myasomarket chain in Kyiv by 2025.The plan is to directly reach out to consumers on the domestic market in a new way, Dmitry Morozov, director of the MHP’s franchise department told local press. ...the convenience store format is something that has long been a reality in the developed world, but not in Ukraine.” The company is already involved in 1700 stores in the Nasha Ryaba retail chain. MHP is also launching a fast-food chain, with the test store operational since July of 2020, Morozov said. And the company is looking across borders as well, and has plans to. Read more...
The Covid-19 pandemic will have a negative impact on MHP’s revenue in the second quarter of 2020, but it doesn’t affect its overall export goals and expansion strategy, the company said in a statement on its website. “Although the effects of the Covid-19 pandemic did not have a material impact on the first quarter’s performance, and the MHP’s poultry production facilities have been operating at full capacity since the beginning of April, Covid-19 is expected to have an adverse effect on the MHP’s earnings in the second quarter, mainly because of lower prices on the world market due to lower demand,” MHP said. “With. Read more...
MHP's poultry production increased by 10% in the third quarter of this year compared to year-earlier levels, reaching 150,650 tonnes, while in the first nine months of this year, the volumes increased by 8% to 458,540 tonnes. The growth in total production was based on an increase in the production of heavier chicken and decreased share of thinning as well as due to the launch of new rearing sites. During 9M 2018 third parties sales amounted to 449,215 tonnes of poultry, which is 7% higherthan in 9M 2017, driven by growth in exports and following the strategy of poultry meat stockdecrease starting from Q3 2018. During the third quarter of 2018 the volume. Read more...
MHP has announced it is increasing the production capacity at its Vinnitsa poultry plant by launching a second production line, delo.ua reports. "We opened the second production line on July 1. Six months from now we are planning to become the largest poultry factory in the world," the executive director of the poultry plant, Igor Leshchenko said. According to the executive director, the complex has the largest incubator in the world. The production capacity of the plant currently reaches 0.5 million tons of poultry per day. Mr. Leshchenko also said regarding the possibilities for processing the waste from the poultry farm after the launch of the biogas. Read more...
MHP, the leading poultry producer from Ukraine, has announced its pre-close trading update for the first three months that ended on 31 March. MHP's production of chicken meat increased by 7% in the first quarter of 2018, reaching 152,167 tons from 141,874 tons in the first three months of 2017. The rise is based on a decreased percent of flock thinning and increased production of bigger broiler carcasses. MHP's chicken meat sales to third parties rose by 9% in Q1 2018, up to 135,307 tons from 123,931 tonnes in Q1 2017. On the other hand, domestic sales volumes decreased by 4% year-on-year. Furthermore, the company's exports of chicken meat increased. Read more...
MHP, a leading agro-industrial company in Ukraine, announced that its poultry stocks at the end of the third quarter of 2017 are the lowest historically as a percent of monthly production volume. The company announced that at the beginning of the third quarter of this year its poultry stocks were down to 21,000 t compared to the beginning of the third quarter from 2016 when they reached 46,300 t. This resulted in a 13% decrease in poultry sales volumes in Q3 2017 compared to Q3 2016. Furthermore, the company's poultry production volumes in the third quarter of this year remained relatively stable and were situated at 137,005 t (Q3 2016: 139,740 t). The poultry. Read more...
MHP: Middle East boosts poultry growth as it expands there Ukraine’s MHP has reported growth in poultry production, with sales reinforced by a robust export upswing to the Middle East in its preliminary half-year results,. Read more...
Ukraine poultry giant MHP increased sales of poultry by 4%, meanwhile exports decreased by 22% in Q3 of 2015, according to an official report from the company. Pen communication In July-September of 2015 MHP sold 150,260 tonnes of poultry to external customers, which is 4% more than in July-September 2014. According to the report, due to an increase in production volumes at Vinnytsia poultry farm, poultry production in the third quarter of 2015 rose by 6% - up to 142,295 tonnes over the same period last year, and by 4% to 420,720 tonnes - in the first nine months of 2015 compared to the same period in 2014. Poultry export markets However, for the third. Read more...
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