Ukrproduct Resumes the Production of Hard Cheese

About this update from Ukrproduct Group Ltd

[{"type":"text","content":"\n \n \n Ukrproduct Resumes the Production of Hard Cheese\n \n \n \n \n\n \n Ukrproduct Group\n \n \n\n \n \n \n UKRPRODUCT RESUMES THE PRODUCTION OF HARD CHEESE\n \n \n Kyiv, Ukraine – June 29, 2010 – Ukrproduct Group \n Limited (“Ukrproduct” or the “Group”) (AIM:UKR), a leading producer and \n distributor of branded dairy products in Ukraine, announces that it has \n resumed the production of hard cheese at the Starokonstantinovskiy Dairy \n Plant.\n \n \n Given favourable pricing and the wide availability of raw milk in \n Ukraine during the summer period, Ukrproduct has restarted the \n production of hard cheese and expects to start selling its products in \n the second half of 2010 when hard cheese is usually seasonally in demand.\n \n \n Ukrproduct suspended the production of hard cheese in the summer of 2009 \n following price cutting and over saturation of the market by local \n producers in the first half of the year. Hard cheese prices have been \n rising since the second half of 2009, and the profitability of hard \n cheese sales is expected to improve in the second half of 2010.\n \n \n For further information, please visit www.ukrproduct.com \n or contact:\n \n \n \n \n \n Ukrproduct Group Ltd.\n \n \n Sergey Evlanchik\n \n \n Chief Executive Officer\n \n \n Tel: +38 044 502 8014\n \n \n [email protected]\n \n \n \n  \n \n \n \n Shared Value LimitedLarisa Kogut-MillingsLarisa Kogut-Millings\n \n Investor RelationsTel. +44 (0) 20 7321 5010Tel. +44 (0) 20 7321 5010\n \n [email protected]\n \n \n \n \n \n WH Ireland LimitedRobin GwynRobin GwynTel: +44 161 832 2174Tel: +44 161 832 2174\n \n Ukrproduct Group Ltd is a leading Ukrainian producer and distributor \n of branded dairy products. The Group’s product portfolio includes \n processed and hard cheese, skimmed milk powder (SMP) and butter. \n Ukrproduct has built a range of recognisable product brands (“Our \n Dairyman”, “People’s Product”, “Creamy Valley”, “Molendam”, “Farmer’s”) \n that are well known and highly regarded by consumers. The Group has \n modern production facilities that comprise four operational dairy plants \n in western and central regions of Ukraine (Molochnik, \n Starokonstantinovskiy Dairy Plant, Krasilovskiy Dairy Plant and Letichiv \n Dairy Plant) with a total annual integrated...

More updates from Ukrproduct Group Ltd