Ovostar Union, a group of egg producers in Ukraine, intends to aggressively move towards the EU market by investing in a huge complex in Latvia or any other EU country in the region. Ovostar's investment plans for Latvia assume the creation of a complex whose final production potential would amount to six million commercial laying hens, according to Agropolska magazine.
The investment is supposed to start in the coming months and be completed by 2026 but discussions are underway with local authorities. However, if the plans are not successful in Latvia, investors are interested in entering the markets of such countries as Poland, Estonia or Lithuania.
In the last couple of years, Ovostar has unsuccessfully tried to acquire different egg producers in the EU. Therefore, Ovostar decided that instead of taking over the farms he would build bets. The Ukrainian investor admits that he also sees a chance for further development on international markets, producing eggs respecting European environmental standards, animal welfare.