MHP, the Ukraine-based poultry processor, is to end production of goose meat and foie gras at one of its domestic poultry farms, citing its animal-welfare policies.
The London-listed business said production would stop at its Snyatynska poultry farm by the beginning of September.
Go deeper with GlobalData
“The assets of the farm, which represent less than 0.5% of the assets of the MHP Group, are currently being offered for sale. MHP believes that the production of foie gras is not consistent with the company’s strategy and policy of being a global leader in … animal welfare,” the company insisted in a stock-exchange filing.
Earlier this month, it emerged MHP plans to invest in its operations in Bosnia.
Earlier this year, MHP snapped up Slovenia-headquartered peer Perutnina Ptuj, a deal first announced last autumn.
In a statement issued by the agriculture ministry of Bosnia’s Serb Republic, MHP plans to spend EUR200m (US$221.7m) in Perutnina Ptuj’s production network, with some of the cash to go to the new asset’s facilities in the republic.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
