MHP establishes processing facility with European distributor in Slovakia

12:23, 30.03.2017 1 min read

Myronivsky Hliboproduct (MHP) in cooperation with one of its EU distributors has established a processing plant in Slovakia, the holding has reported on the London Stock Exchange (LSE).

When complete, total capital expenditures for the processing services of chicken products in Slovakia are expected to reach around $3 million.

This cooperation is bringing MHP an opportunity to provide our European customers not only with commodity products, but also packaged ones for food services.

The deal would allow MHP deepening its vertical integration and pursuing its export strategy of market targeting.