Ukrproduct Group Ltd
13 November 2007
UKRPRODUCT GROUP LIMITED
(the "GROUP")
INTEGRATED SET OF EQUIPMENT FOR WHEY PURIFICATION, CONDENSATION AND
CRYSTALLISATION IS INSTALLED AND FULLY OPERATIONAL AT STARKON PLANT
As part of the continuing enhancement of the Group's manufacturing capability,
an integrated set of equipment for whey purification, condensation and
crystallisation has been purchased and installed and is now fully operational at
the Group's Starkon Plant. Liquid whey, a main by-product of the hard-cheese
making process, can now be processed at the Starkon site to yield dry whey. This
will replace substantially all the dry whey previously purchased from a third
party for use in the production of processed cheese at the Group's Molochnik
Plant. Dry whey is also a viable commercial product in its own right, with
strong on-going demand both domestically in Ukraine and internationally. In
addition, the environmental implications of the installation are beneficial as
there is no residual disposal requirement due to the full processing of the
by-product.
The equipment cost £240,000 to acquire and install and allows the production of
up to 130 tonnes of dry whey per month when at maximum capacity. It is
anticipated that the commercial impact of the equipment will be to add
approximately £15,000 per month to the Group's operating profit.
For further information:
Ukrproduct Group Limited +38 044 502 8014
Iryna Yevets, CEO,
Dmitry Dragun, CFO,
WH Ireland Limited +44 161 832 2174
David Youngman
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