Company update: Avanguard increases egg production by 48%
Avanguard, the largest producer of eggs and egg products in Ukraine, has announced operating results for the first nine months of 2011.
In the period from January to September 2011 total egg production increased by 48% to 4.398 million units, a company press releases stated. As of September 30 total poultry stock of the company amounted to 24.5 million heads, up 18% over the same period of 2010.
The company is continuing the realisation of its strategy to diversify its customer base. As a result, for the first nine months of 2011 share of sales through modern retail stores has been increased to 30% of the total sales of eggs.
In the first nine months of 2011 the company increased processing of eggs by 38% to 785 million units. During this period the company established exports of dried egg products in some new markets in Asia, the Middle East and North Africa.
Director General of Avanguard, Natalia Vasilyuk, commented on the operational results: “Our company continues to show good results for the first nine months of this year. In the third quarter, we benefited from the launch of the first stage of our largest complex for egg production, Avis. I am confident that we will reach our goals for this year and produce 6 billion pieces in total, due to the positive dynamics of exports, mainly in Iraq, Turkey and other countries in the MENA region”.
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