Ukrainian agribusiness group MHP is ready to invest €76 million (m) to partially restore operations at the Doux Group, if the French regulator gives a green light to its takeover proposal, the company has said in a statement, released late March.
Brazilian meatpacker JBS is continuing to underperform as it reported a 4.2% year-on-year reduction in net revenue as a result of currency fluctuations and sales of assets as part of its divestment plan.
In 2017, Polish meat processor ZM Henryk Kania managed to significantly raise its sales revenues to about PLN1.4 billion (€335.9 million), which represented an increase of 9.8% compared with a year earlier.
As part of its expansion plans, Hungarian meat business MCS Vágóhíd is aiming to produce about 90,000 tonnes (t) of meat this year, and hire a further 70 employees at its facilities, according to senior company representatives.
Russia’s third-largest poultry producer, agricultural holding Belaya Ptitsa, has reported financial turbulence, as falling prices and shrinking state aid keep pushing down profitability in the industry.