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About us

History

2011
2012
2013
2014
2015
2016
2017
2018
2019
In 2011, in order to consolidate the Group’s assets in the Netherlands, the holding company Ovostar Union N.V. was incorporated. On June 29 2011 the Ovostar Union Group of Companies carried out an IPO on the Warsaw Stock Exchange. Sold 1.5 million shares (25% of the company's capital), the IPO amounted to 93 million Polish zlotys (PLN).
An oil production plant for the production of feed additives was built.
The first stage of the investment program for 2011-2012, announced during the IPO, was completed, worth $46.5 million, of which $31 million was raised as a result of the IPO, $15.5 million — due to reinvestment of company’s profit. A full modernization was carried out, which allowed to almost double the production capacity. The number of laying hens amounted to 3.1 million. Shell egg sales — to 445 million pieces. Unaudited revenue amounted to 482 million UAH.
The Ovostar plant received the FSSC: 22000 certificate adopted by the Global Food Safety Initiative. The reconstruction of the production complex in Krushynka village, Vasylkiv disctrict, Kyiv region, was completed, production capacities for the maintenance of hens were increased to 5.4 million poultry places. Egg processing capacity expanded to 2.0 million eggs per day. Capacities for maintaining the parent livestock increased to 88 thousand poultry places, for growing young birds to 1.66 million poultry places, the incubator potential increased to 1 million places of simultaneous laying. The production capacity of the compound feed plant has grown to 56 tons of feed per hour. Grain storage capacities at the elevator increased to 29 thousand tons of simultaneous storage. The total flock has grown by 19 %, up to 5 million. The number of laying hens increased by 24 % to 3.9 million. Egg sales increased by 32 % to 585 million. Unaudited revenue amounted to 652 million UAH.
A poultry house for 326 thousand places and a poultry house for parent livestock for 29 thousand places in the village of Stavyshche were put into operation. Egg sales for the year increased by 25% to 733 million pieces, while exports grew 3 times, from 30 to 89 million eggs. The total flock increased by 12% to 5.6 million, the number of laying hens — by 15% to 4.4 million. Start of egg products export to the EU.
The total livestock of Ovostar Union increased by 16% to 6.5 million, the number of laying hens increased by 20% and amounted to 5.3 million. Net income amounted to $31.9 million. Sales office opened in the EU (Ovostar Europe, Latvia).
Cages meeting Directive 1999/74/EC requirements began to be used. Revenue increased by 3%, from $75.6 million to $77.7 million. The company's EBITDA amounted to $24.1 million.
Ovostar Union received permission to export Class A eggs to the European Union. The company was the first in the Ukrainian market to start the production of fermented thermostable yolk. The total flock increased by 1.7%  and amounted to 7.69 million animal units, and the volume of egg production increased by 12% to 1’659 million.
The company opened a sales office in the Middle East (UAE Food Trade FZE, Dubai, UAE). The parent holding company changed jurisdiction from the Netherlands to Cyprus in order to optimize the structure of the Group. Two new poultry houses were built at the Stavyshche production site and a MOBA Omnia-PX700 sorting machine with a capacity of 252 thousand eggs per hour was installed. The total investment in the development of the production facilities of the Group amounted to $17.6 million. 1.6 billion eggs were collected, the number of laying hens amounted to 6.4 million. Domestic sales grew by 19%, exports — by 11%. The Group's revenue for the year amounted to $125 million (an increase of 27%), and net profit — $17.5 million.
Ovostar Union products are in demand in 55 countries — in the markets of EU, Middle East, Southeast Asia and Africa. The company manages export sales through its own sales offices in Latvia and the UAE. The vertically integrated production of Ovostar Union covers the processes from the manufacture of animal feed to the developed distribution structure of sales. On the national market, products are presented in big national food retail chains and local retailers, which makes them available for every consumer. The Group provides more than 1600 jobs. A consolidated, professional team and a positive working environment are the priorities of Ovostar Union corporate culture.

MISSION AND VALUES

OUR MISSION

We work and improve ourselves in order to produce high-quality, environmentally friendly and healthy food for the growing world population.

Strategy

Our main goal is to strengthen the company's position of a leading producer of high-quality branded products by further promotion of "Yasensvit' and "Ovostar' brands, as well as to enhance vertical integration.

01

Sustainable growth

02

Food production transparency

03

Strengthening export positions, including the opening of production facilities abroad

04

Improving production efficiency

05

Increasing the value of shares

06

Creation of new technologies and value-added products

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VALUES. Our values form a 6P formula

01

PIONEER VISION & SUSTAINABILITY

02

PRODUCT QUALITY & SAFETY

03

PROCESS INNOVATION & LEADERSHIP

04

PROFOUND SERVICE & SUPPORT

05

PARTNERSHIP & CUSTOMER SATISFACTION

06

PERSONNEL DEVELOPMENT & QUALIFICATION

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PRODUCTION CYCLE

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Ovostar Union has created a vertically integrated production of shell eggs and egg products, which ensures economic and operational efficiency and, at the same time, compliance with the world standards for food safety and quality. The production cycle begins with the manufacture of plant feed and ends with a developed distribution structure of sales. Freshness of products is an advantage of the company. All production sites are located in the central part of Ukraine at a distance of no more than 130 km from each other. Less than 24 hours pass from the moment of collecting the egg to its distribution through the sales channels — this is the Ovostar Union standard.
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Yasensvit poultry farms and Ovostar egg products factory have successfully passed the audit of the European Commission and Bureau Veritas. This allowed the company to become a large exporter of Ukrainian shell eggs and egg products in the EU. The production is certified according to international quality and food safety management systems ISO 9001:2008, ISO 22000:2005 (HACCP) and FSSC 22000 and is approved by the Global Food Safety Initiative. Products also have Halal certificate. Ovostar Union is the only producer in Ukraine that uses cages that meet the requirements of Directive 1999/74/EC for poultry maintenance.
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Sorting facilities have a production capacity of 400 thousand eggs per hour with the latest generation machines NABEL and MOBA and guarantee a daily production of 5 million eggs for consumers. This all is meant to make a high-quality and healthy chicken egg — one of the basic products in human diet — available to as many people as possible.