During 2015, MHP repurposed its Peremoga broiler poultry farm to a breeding poultry farm. The Group has been able to replace imported eggs with the eggs hatched at Peremoga breeding poultry farm, cutting down on costs.
MHP also expanded the poultry capacity at Oril Leader and Myronivka poultry farms in 2015. In Myronivka, MHP opened a new laboratory for the needs of MMPP, MFC and Myronivka.
In June, MHP exchanged their equity ownership in “Voronezh Agro Holding” (approximately 40,000 ha of land and elevators for approximately 150,000 tons) in Voronezh region of the Russian Federation for the equity ownership in Agrokultura Ukraine group of companies (approximately 60,000 ha of land and elevators for approximately 90,000 tonnes) in Lviv, Ternopil and Ivano-Frankivsk regions of Ukraine.
In Brussels, six MHP products received European awards of International Taste & Quality Institute (“ITQI”). All of MHP’s products submitted to the competition won awards, with superior merit awarded to MHP’s “Delicious Wing” product.
In April, MHP paid the remainder of its U.S.$234 million 10.25 % senior notes due 2015, issued in 2010 and partially refinanced in 2013.
The Board of Directors approved payment of an interim dividend of U.S.$0.47429 per share, equivalent to approximately U.S.$50 million total.
In October 2015, MHP acquired a 100% interest in a group of companies “Dnister-Agro”, a grain growing business, cultivating a land bank of approximately 7,700 hectares in the Vinnytsia and Khmelnytsk regions of Ukraine.
