Over its ten year history, MHP has been built on the principle of “If you want something done well, do it yourself.” Therefore, as our company grew, we primarily built Greenfield facilities and complexes or completely modernized old enterprises joining MHP. This approach assures that all our facilities are developed, equipped, managed and operate according the MHP’s highest production standards and efficiency.

 

1998 – Yuriy Kosiuk initiated the establishment of MHP. The company took a controlling stake in the Myronivsky Plant for Manufacturing Feeds and Groats (MFC) to become one of Ukraine’s leading domestic grain traders.

 

1999 - MHP acquired and modernized the Peremoga poultry farm, and began rearing chickens.

 

2001 – Poultry farm Druzhba Narodiv Nova joined the group. Agricultural LLC Starynska Ptahofabryka, which specializes in breeding stock, joined the group.

 

2002 – MHP launched its chilled chicken brand, “Nasha Ryaba”.

 

2004 – MHP brought an oil-press plant into operation.

 

2005 – MHP began to build its grain-growing business.

 

2006 – The group’s vast range of convenience products was united under one trademark when the “Lehko!” brand was launched. Myronivsky Meat Processing Plant “Lehko” began operating and became Ukraine’s largest specialist producer of convenience food. On 30 November, MHP completed a US$250 million offer of high-yield notes.

 

2007 – The first phaseof the Myronivka chicken farm was launched in the middle of the year. When it reached full production in October 2007, the group’s output increased by 70%.

 

2008 – In May 2008, MHP made an Initial Public Offering of its ordinary shares in the form of global depositary receipts (GDRs) to be listed on the London Stock Exchange. The group acquired an 80% interest in the meat-producing company, Ukrainian Bacon.

 

2009 - In June, the second stage of the Myronivka chicken farm was completed and the farm became fully operational with an annual poultry production level of approximately 200,000 tonnes. Currently Myronivka chicken farm is the largest facility by production volume in Ukraine’s chicken meat sector and one of the largest poultry production facilities in Europe.

 

In September, as part of its vertical integration strategy and in addition to the existing sunflower processing facilities at MFC, MHP opened a new sunflower processing factory at its Katerynopilsky Elevator facility which will allow MHP to meet the increased demand for sunflower protein required for the production of fodder as a result of the completion of the Myronivka chicken farm. The factory produces, as a by-product, additional amounts of sunflower oil for export. The factory is currently operating at full capacity of 620 tonnes of sunflower seeds per day. This allowed MHP to increase its total sunflower processing capacity by 50%.

 

In April, the ‘‘Nasha Ryaba’’ brand underwent a successful restyling to maintain its appeal to its expanding customer base.

 

2010 - On 29 April, MHP completed US$330 offer of high-yeild bond and exchanged 96% of 2011 Eurobond.