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About Ukrproduct

History

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    History

    Ukrproduct Group was established during the mass privatisation of Ukrainian state-owned assets in the late 1990s, and subsequently evolved into its present form through significant organic growth. Having initially acquired a stake in OJSC Molochnyk, which has been operational since 1948, the current majority shareholders subsequently secured a controlling interest in the plant via the recapitalisation and issuance of equity rights.

    Since 1997, Ukrproduct Group has evolved as follows:

    1997

    Acquisition of 15% of OJSC Molochnyk by private owners

    1998

    OJSC Molochnyk’s privatised stake was increased to 40%

    1999

    The distribution company AgroSpetsResursy LLC was established

    2001

    50% of the voting rights of OJSC Molochnyk was accumulated
    Programme of corporate restructuring began to refocus on domestic operations, implement IFRS and IAS accounting standards and establish periodic budgeting and reporting periods

    2002

    Acquisition of Starokostiantynivsky Dairy Plant

    2002-2003

    Ownership of OJSC Molochnyk increased to 95% of the equity through several share issues

    2001-2004

    Eight regional trading subsidiaries were established covering the entire country

    2005

    Ukrproduct Group became a public company placing 27.2% of the share capital on London Stock Exchange (AIM) on 11 February, 2005

    2005-2006

    Acquisition of 100% of the capital of Zhmerynka Butter & Cheese Plant Ltd and a 62% stake in the Letychiv Dairy Plant, providing the Group with a wider access to milk supply zones as well as a greater distribution network in the regions of the acquired plants

    2006

    Launch of new product ‘smoked cheese’
    New skimmed milk powder (SMP) dryer was installed at Starokostiantynivsky Dairy Plant. As a result, the Group’s SMP capacity is nearly doubled

    2007

    Skimmed milk powder dryer was fully commissioned
    Second smoke-room for the production of smoked cheese put in operation at Molochnyk Plant
    Ukrproduct Group started delivering of SMP under the United Nations World Food Programme
    Starokostiantyniv Plant certified as a supplier of SMP to Kraft Foods

     

     

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    Annual & Interim Results

    Ukrproduct Group – Annual Report 2009 (4Мb)

    Ukrproduct Group – Half-year results 2009 (98 kb)

    Ukrproduct Group – Annual Report 2008 (4Мb)

    More Annual & Interim Results

     

    Contact information

    Address in Ukraine:
    14th Floor, 39-41
    Shota Rustaveli St.,
    Kyiv 01033 Ukraine
    Tel/fax +380 44 531-1389

    Address in Jersey:
    26 New Street, St Helier
    Jersey JE2 3RA Channel Islands
    Tel/fax +44 1534 814 814

     

     

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