Сектор потребительских товаров

Myronivskiy Khliboprodukt [MHPC LN, U/R] is a vertically integrated holding consisting of 20 enterprises with a focus on poultry production, grain cultivation and sunflower oil trading.

According to an official press release issued by Ukrros, the government-owned UkrExIm bank opened a line of credit for UAH 65 mln at 22.75% annual interest rate for the Orzhytskiy Sugar Refinery that was recently acquired by Ukrros. The loan agreement was signed November 21, 2008 and is due to be repaid on August 31, 2009. The received funds will be directed towards the further development of the company.

According to official data released by the State Statistics Committee of Ukraine, in October 2008 Ukraine’s cheese exports increased by 9.4% MoM to 6.7 thsd mt (USD 33.6 mln). Exports in January-October 2008 increased by 28.6% YoY to 63.95 thsd mt (USD 338.1 mln).

Last week at its AGM, Slavutych [SLAV UZ, BUY] shareholders approved an additional issue of 96 mln shares at a par value of USD 0.14.

Myronivskyi Khliboprodukt [MHPC LI, U/R], a vertically integrated company consisting of 20 enterprises, is one of the biggest companies in terms of land bank under lease.

Fitch, an international rating agency, downgraded the Myronivskiy Khliboprodukt [MHPC LI, U/R] bond’s rating B in foreign currency from stable to negative. According to an official press release made by Fitch yesterday, the downgrading occurred as a result of the narrow focus of the company on the Ukrainian poultry market, coupled with possible problems with expansion plans for 2009.

Fitch, an international rating agency, downgraded the Myronivskiy Khliboprodukt [MHPC LI, U/R] bond’s rating B in foreign currency from stable to negative.

The European Commission has acknowledged the compliance of Ukraine’s sunflower oil to European standards.

The Zhydachiv Pulp and Paper Plant [ZCPK UZ, N/R] – the monopoly producer of newsprint in Ukraine, and located in the Lviv Region – recorded a 19.8% increase in production (to UAH 387.561 mln) YoY for the period January-October 2008. These figures were released by the plant’s owner Osnova-Papir.

The Kyiv Cardboard Paper Mill [KIKP UZ, N/R] in Obukhiv (Kyiv Region) – Ukraine`s leading pulp and paper producer – has released results for the first ten months of 2008. From January to October 2008, the company increased production by 38% YoY (to UAH 930.08 mln), according to Interfax-Ukraine.