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Ukrainian Poultry Producer gets Loan for Upgrade

by 5m Editor
2 January 2008, at 1:47pm

The Ukrainian poultry integrator and processor CJSC Landgut Broiler has been granted loans worth Euro 2 million and UAH 9.165 million (Hryvnia) for five years to finance new equipment and an upgrade to its poultry production facilities.

The money has been granted to the company by the Kiev-based OJSC State Export-Import Bank of Ukraine (Ukreximbank).

The credit in Euros was issued at 9.77 per cent interest and the credit in hryvnias at 14.88 per cent interest.

CJSC Landgut Broiler had net sales of UAH 39.566 million in 2006 a rise of UAH 1.5 million on the previous year.

Its net profits for the year were UAH 14.757 million.

The company is 88 per cent owned by the Austrian group Landgut Agrarmanagement und Holding GmbH.

5m Editor