The Deputy Director of MHP, Serhii Dobrohorsky, said that despite the war the company is investing in its development: the holding purchased grain wagons compatible with European track and increased its fleet of agricultural machinery. In 2023, MHP invested more than $250M in its development, with $70-80M allocated to expanding its agribusiness. For example, in September 2023 a new elevator was opened in the Lviv region with a capacity of 1,700 tons daily.
“In addition, in 2.5 years, we invested in the modernization of five more elevators in the Ivano-Frankivsk, Lviv, Khmelnytskyi, Ternopil, and Sumy regions. Also, in November 2022 we completed the construction of a sunflower processing plant and increased capacity by 1,000 tons a day,” Dobrohorsky added.
According to him, digital farming is being actively developed for the efficient use of land. Thus, the company has invested in planters, sprayers, and tillage equipment, which allows for differential application of seeds, plant protection products, and fertilizers.