Financial

Unveiling the new factory expansion

Asian growth fuels investment for Hylife

By Ashley Williams

Market growth in Japan and China for Canadian pork has prompted Hylife to invest CA$176m in expanding its facility in Neepawa, Manitoba.

The investment will partially restore operations at the French poultry business

MHP and LDC in battle for takeover of Doux

By Vladislav Vorotnikov

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.

Sales underperform but US division thrives

JBS results: currency fluctuations affect net revenue

By Ashley Williams

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.

Polish meat processor boosts sales amid higher EU exports

Polish meat processor boosts sales amid higher EU exports

By Jaroslaw Adamowski

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.

The Doux Group has attracted the attention of MHP

MHP seeks to acquire French poultry processor

By Vladislav Vorotnikov

Ukraine poultry giant MHP is in talks to acquire crisis-ridden French poultry processor Doux Group as a part of a strategy aimed at boosting broiler sales outside Ukraine.

MCS Vágóhíd targets Asian markets

Hungarian meat business looks to Asian markets

By Jaroslaw Adamowski

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.

Russian poultry producers see margins fall

Russian producers hit by reduced poultry margins

By Vladislav Vorotnikov

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.