Production has started at UBM Holding’s new feed mixing plant in Slovakia

By: STA Date: 2022. 10. 26. 09:48

UBM Holding Plc.’s new feed mixing plant in Hernádcsány, Slovakia, has been completed and started production following a successful test run, the company listed on the Budapest Stock Exchange told MTI on Monday.

(Photo: Pixabay)

With the plant created with an investment of 6.7 million euros, the production capacity of the Hungarian feed producer and grain trading company group can be expanded by a tenth, to 840,000 tons per year; for the development, 478 million forints were awarded EU tender funds. The Hernádcsány plant produces ready-to-eat poultry, pig and ruminant feeds for the Slovak, Hungarian, Romanian and Polish markets. The peak capacity of the new feed mixing plant may reach 100,000 tons per year by 2023, which will more than triple the production capacity of the group in Slovakia. The soybean meal of the 100 percent Hungarian-owned UBM group, which has been operating since 1996, began its operations as an importer and is now the market leader in feed production in Hungary.

It was highlighted in the announcement that the company’s goal is to further strengthen its regional position and become a dominant industry player in East Central Europe in the coming years.

To this end, they are looking for new investment and acquisition targets in the Romanian, Slovak and Serbian markets. The sales revenue of the UBM group rose to HUF 200 billion in the 2021-22 business year, from HUF 138 billion in the previous year. The company’s business year begins on July 1. UBM Holding’s securities are traded in the standard category of the Budapest Stock Exchange (BSE); the paper was last traded on October 10, at a price of HUF 29,200, which is the highest price since the issue. In the past year, the lowest quote was HUF 21,000.

MTI