In March, MHP established its first processing (cutting) plant in the EU in close cooperation with its long-term partner Jan Zandbergen BV in Veenendaal, the Netherlands. MHP also established a trade office in the Middle East (UAE) as a part of its export strategy.
Also in March, the Board of Directors approved payment of another interim dividend of U.S.$0.7529 per share, equivalent to approximately U.S.$80 million total.
Since July, MHP has been self-sufficient in hatching eggs, replacing imports with internal production from its expanded and reconstructed breeding farms.
MHP also opened its first oil extraction plant within “Katerinopilskiy Elevator” L.L.C. in 2016. The oil extraction plant produces enough soybean cake to entirely meet MHP’s internal needs.
