#1 producer in Ukraine #1 producer in Europe

#1 producer in Ukraine
#1 producer in Europe

AVANGARDCO INVESTMENTS PUBLIC LIMITED Avangard emerges as the second largest egg producer in the world

Kyiv, Ukraine - AVANGARDCO INVESTMENTS PUBLIC LIMITED (the “Company” or “AVANGARDCO IPL”), one of the leading agro-industrial companies in Ukraine, focusing on the production of shell eggs and egg products, is pleased to announce that the Company was recognized by the World Poultry, a leading global poultry journal, as the second largest egg producer in the world (22 million laying hens in production), with US Cal-Maine Foods (29 million laying hens) ranking first.

“We are delighted to be recognized as the second largest egg producer in the world. We are focused on continuing to grow our business and increasing our economies of scale, and have thus far invested in the construction of two new large-scale egg production complexes, “Avis” and “Chornobaivske”. These complexes will be constructed according to the latest technological standards in the international poultry sector.  Following the launch of these complexes, Avangard is expected to rank as the largest world producer with 29 million hens and an output of 8.2 billion eggs annually.” - commented Oleg Bakhmatyuk, Chairman of the Company.

“Through entrepreneurship, application of modern technology, modern management and control systems, the Company has enjoyed phenomenal growth and profitability. Complete integration, efficiency and the relatively low cost of grains will contribute to profitability. This in turn will continue to fuel expansion of the company which is able to leverage these advantages in supplying both the domestic and international markets.” – noted Dr. Simon M. Shane*.

For a full article please go tohttp://www.worldpoultry.net/background/avangard-emerges-as-a-world-force-in-eggs-9681.html.

* Dr. Simon M. Shane is an Emeritus Professor of the Department of Epidemiology and Community Health, School of Veterinary Medicine, Louisiana State University where he was involved in teaching, research and service from 1979 through 2001.  He currently holds an appointment as an Adjunct Professor in the Department of Poultry Science, North Carolina State University.

He obtained his veterinary degree from the University of Pretoria, South Africa in 1964, and earned a Ph.D. in Poultry Nutrition from Cornell University in 1969.  He subsequently earned a Masters Degree in Business Leadership from the University of South Africa in 1975, while serving as a Production Director for a large integrated broiler producer in the Republic of South Africa.

He was awarded the Diploma of Fellowship of the Royal College of Veterinary Surgeons in 2001, is a 1991 Charter Diplomat of the American College of Poultry Veterinarians and the 2005 recipient of the AAAP Lasher-Botorff Award.  Professor Shane is active in all aspects of US and international broiler and egg production with special emphasis on bio security, economics and food safety, having consulted extensively in the Middle East, Africa and Asia.

For investor relations enquiries:

Victoria Korolchuk
AVANGARDCO IPL 
Head of Investor Relations

phone.: +38 044 593 28 60
mob.: +38 067 214 84 23
e-mail: v.korolchuk@avangardco.ua