|Go to market news section|
MHP today releases Non-Financial Report 2018
Limassol, Cyprus, 27 June 2019 - MHP, one of the leading international agro-industrial groups, today publishes its 2018 Non-Financial Report, announcing the achievements in areas including sustainability, animal welfare and product quality and safety.
The Report, which is prepared under the internationally recognized standards of the Global Reporting Initiative G4, highlights MHP's progress in 2018.
Key highlights from 2018 include:
· An increase in renewable energy sources by around 8% and construction of 24 MW Biogas complex.
· Over UAH 200 million investments into community development programme.
· Consistent improvement in overall company health and safety as evidenced by no incidences of health-related illnesses at any of MHP's operations.
· The practice of industry-leading animal welfare standards in line with the highest EU regulations and international standards.
· Launch of the MHP Development Centre and an innovative digital management system to enable greater training and development opportunities for all employees, including business simulations and individual coaching.
· Continued maintenance of rigorous product quality and safety control procedures, from the grain growing stage through to production of poultry products.
Dr. John Rich, Chairman of the Board of MHP, said: "This report shows that MHP continues to invest in the most cutting-edge technologies. We are proud of the steps we have taken in this last year and even more excited about our future plans. Our 2018 Report highlights our ambitious targets towards environmental sustainability, animal welfare and food security and people development - in reducing our greenhouse gas emissions, incorporating more international certifications into our feed mills and implementing increasing digital innovation to further develop our employees and attract the best young talent.
"These successes underpin MHP's business today, but we are not standing still. We look to tomorrow to continue driving progress throughout our business as we seek to be a world-leader in sustainable agriculture and feeding the future."
The Non-Financial Report 2018 includes chapters on corporate governance, product quality and safety, animal welfare, people, employee health and safety and environment and climate change and can be found here:
- ENDS -
Notes to Editors
For more information please contact:
Anastasia Sobotiuk (Kyiv)
+38 044 207 99 58
MHP is a fast growing and one of the most innovative poultry producers in Europe, which prioritises higher animal welfare standards and quality products, laying the foundations for a sustainable global business. MHP is the leading producer of poultry products in Ukraine with the greatest market share and highest brand recognition for its products. MHP owns and operates each of the key stages of chicken production processes, from feed grains and fodder production to egg hatching and grow out to processing, marketing, distribution and sales (including through MHP's franchise outlets). Vertical integration reduces MHP's dependence on suppliers and its exposure to increases in raw material prices. In addition to cost efficiency, vertical integration also allows MHP to maintain strict biosecurity and to control the quality of its inputs and the resulting quality and consistency of its products through to the point of sale.
To support its sales, MHP maintains a distribution network consisting of 11 distribution and logistical centres, within major Ukrainian cities. MHP uses its trucks for the distribution of its products, which Management believes reduces overall transportation costs and delivery times. MHP also has a leading grain cultivation business growing corn to support the vertical integration of its chicken production and increasingly other grains, such as wheat and rape, for sale to third parties. MHP leases agricultural land located primarily in the highly fertile black soil regions of Ukraine.
Since May 15, 2008, MHP has traded on the London Stock Exchange under the ticker symbol MHPC.
London Stock Exchange plc is not responsible for and does not check content on this Website. Website users are responsible for checking content. Any news item (including any prospectus) which is addressed solely to the persons and countries specified therein should not be relied upon other than by such persons and/or outside the specified countries. Terms and conditions, including restrictions on use and distribution apply.
|©London Stock Exchange plc. All rights reserved|