MHP

2007 — The first production line of Myronivska Poultry Farm was launched. To fully support this facility with resources and feed, two additional feed production lines were opened at the Katerynopil Elevator, while Starinska Poultry Farm expanded its capacity for hatching eggs. With the new line, MHP’s production volume increased by 70%. MHP also acquired agricultural enterprises in Western Ukraine: Perspektyv and Buffalo.

2008 — MHP conducted its Initial Public Offering (IPO) on the London Stock Exchange, becoming the first Ukrainian agricultural company to be listed on the Main Market. The company product line expanded with the addition of meat and sausage products under the Bashchynskyi brand.

2009 — In June, the construction of the second production line at the Myronivka Poultry Farm was completed, enabling the facility to reach full capacity of approximately 200,000 tons of chicken per year. In September, the sunflower processing capacity at the Katerynopil Elevator was increased. This allowed MHP to meet the demand for sunflower protein required for feed production.

2010 — Construction began on the poultry farm at the Vinnytsia Poultry Farm in Ladyzhyn, which would later become the largest poultry production facility in Europe. Additionally, MHP expanded its agricultural land bank by acquiring the farming enterprises Urozhaina Kraina and Ridnyi Krai, strengthening its vertical integration.

2011 — MHP initiated the Biogas project, aimed at constructing a biogas plant utilizing chicken manure at the facilities of the Oril-Leader poultry farm. The project aligns with the company’s goal of achieving energy efficiency and independence.

2012 — The first phase of the Vinnytsia Poultry Farm was completed and commissioned.

2013 — By the end of the year, nine growing zones at the Vinnytsia Poultry Farm were operating at full capacity. For the first time, MHP distributed quarterly dividends to its shareholders, following global best practices. The company also began exporting its products to the EU. Additionally, MHP expanded its land bank in Ukraine by acquiring the agricultural enterprises Agro-S and Agrokriaz.

2014 — MHP participated for the first time in the world’s largest food exhibitions: GULFOOD (Dubai, UAE) and SIAL (Paris, France). The company’s export geography expanded to 50 countries across the CIS, Asia, Africa, and the Middle East. MHP’s export volumes continued to grow. To support global market exports, the company launched the Qualiko brand.

2015 — MHP participated for the first time in the international AGUNA exhibition (Cologne, Germany), signing a total of 310 contracts during the event. The company continued its policy of implementing precision farming practices and improving land bank management. MHP also acquired the agricultural enterprise Zakhid-Agro.

2016 — MHP opened its first European office and production facility in the Netherlands, marking the company’s entry into the European market. MHP launched the ‘Village. Steps to Development’ micro-grant program aimed at encouraging social activity in rural communities. The company also began implementing the Global G.A.P. integrated agricultural production management system.

2017 — Construction began on the second phase of the Vinnytsia Poultry Farm. MHP underwent a rebranding, and on November 7, 2017, the company presented its updated corporate logo.

For the first time, Olena Kosyuk, Director of the Quality and Product Development Department, represented MHP at the International IFC Food Safety Forum. This was made possible because MHP was among the first companies in Ukraine to implement the HACCP system (Hazard Analysis and Critical Control Points) at its facilities.

2018 — MHP began negotiations to acquire Perutnina Ptuj Group, an international company and the largest producer of poultry and poultry-based products in Southeast Europe. The acquisition was finalized in early 2019. Construction started on Biogas Ladyzhyn, Europe’s largest biogas complex for processing chicken manure and MHP’s second biogas facility.

2019 — MHP started its transformation from a company focused on raw material production to a culinary business. That year, the company’s global depositary receipts (GDRs) were admitted for circulation in Ukraine.

2020 — The company launched new retail formats: MeatMarket stores, Döner Market restaurants, and the Secrets of the Chef gastro studio.

2021 — MHP is ranked among the TOP 3 agricultural holdings in Ukraine.

2023 — MHP invested in Ukraine's development and became the largest taxpayer in the agricultural sector.

2024 — MHP was ranked among the top 5 largest investors in Ukraine by Forbes.

2024 — MHP was included in Ukraine’s TOP 10 best employers by Forbes.

2024 — The company launched a new direction, MHP Food Service, aimed at helping other businesses improve employee nutrition and supporting delivery services, canteen operators, and event catering providers in scaling their operations.

Also in 2024, MHP launched a new brand — Super Filleo. The product features boneless chicken thigh fillet, designed to meet consumer demand for convenience and high quality. Super Filleo is part of MHP’s range of ready-to-cook solutions for both home and professional use.

2024 — MHP presented its culinary solutions at SIAL Paris 2024, one of the world’s largest food exhibitions. The company showcased value-added products under the brands Qualiko, Ukrainian Chicken, Sultanah, Assilah, Poli, and Chick&Go, and introduced visitors to its production facilities through VR technology.

2024 — In September, MHP officially became the legal owner of 70% of KK & Sons, which owns the Ukrainian logistics company “KTL Ukraine. Also MHP invested in LLC Ukrainian Meat Hutir.

2024 — The Saudi Agricultural and Livestock Investment Company (SALIC), a government-owned investment company from Saudi Arabia, became a shareholder in MHP by acquiring a 12.6% stake in the company.

MHP operations and Russian full-scale invasion to Ukraine

Since the beginning of the full-scale war on February 24, 2022, the company has been facing significant logistical and infrastructure challenges in Ukraine. While MHP continued commercial sales in Ukraine since the war began, export sales have ceased as a result of ports being closed, while export delivery by truck remained practically impossible.

During March and April, MHP team has been developing alternative logistic routes for exports, so that insignificant volumes have been delivered outside of Ukraine. Driven by restricted sales both inside and outside of the country, MHP had to decrease poultry capacity utilization to 80-85%

Due to shelling by the occupying forces on March 12, in the village of Kvitneve (Kyiv region), a fire broke out in a warehouse (rented by the сompany, two buildings) where frozen MHP chicken meat products were stored. As a result of the fire, over 3,000 tonnes of poultry products were lost. The facility was one of the largest warehouses for storage of frozen products in Ukraine and was predominantly used by large local retail chains. As hostilities in the Donetsk region intensified, in April, MHP decided to temporarily suspend operations of the “Ukrainian Bacon” (meatprocessing operations, c.34,000 tonnes annual capacity, Kramatorsk district, Donetsk region). As of the date of the report release, the facility has not been damaged and is under MHP control. Currently, MHP has a key responsibility in the food security of Ukraine and it has continued its operations despite significant difficulties and disruptions. The company continues providing humanitarian aid (mainly through food supply) to the population of Ukraine since the beginning of the war and working hard to manage logistical challenges across all regions of Ukraine. Since the war began, the company has provided around 11,000 tonnes of free-of-charge poultry products, other food, equipment, cars, diesel and different materials as part of its humanitarian mission.

Support of International Finance Institutions to MHP

MHP is a client of large international finance institutions, namely EBRD, EIB, IFC. These international institutions use public money of their member countries to stimulate economy of developing countries like Ukraine by providing loans to sustainable businesses. These institutions have their policies requiring their finding to comply with social, environmental, transparency, and other norms. In 2019 EBRD announced that they stopped funding MHP business after MHP used a loophole in the EU-Ukraine Association agreement and exporting chicken filet beyond adopted quotas. In 2018, communities affected by MHP's Vinnytsia poultry farm filed a complaint with the IFC and the EBRD. The complaint has led to an ongoing mediation process between the parties to the conflict, which is mostly confidential.