The European Bank for Reconstruction and Development (EBRD) may give a USD 30 Ml loan to the Ukrainian-British joint venture Nyva Pereyaslavschyny (Kyiv region) for expanding production capacities. According to Wednesday’s EBRD report, the company will spend this money on expanding capacities in 2013-2014 and partial refinancing of some of its short-term and medium-term loans. The total cost of the capacity expansion project is estimated at USD 80.1 Ml. The project implementation will allow Nyva Pereyaslavschyny to set up close relationship with meat processing factories and retailers through increasing pork supplies. In turn, this will lead to higher consumption of Ukrainian-produced meat and push up prices of premium segment products. As reported before, Nyva Pereyaslavschyny is going to launch two new hog facilities, for 30,000 head each, in Kyiv region by 2015. The Ukrainian-British joint venture LLC Nyva Pereyaslavschyny was registered in 1998. It grows crops and raises hogs in Kyiv region, farming about 20 Th ha of land.

UkrAgroConsult