MHP suspends Croatia investment project to focus on Slovenia expansion

Simon Harvey

Mon, Apr 28, 2025, 4:24 AM 3 min read

Agri-food institution and poultry processor MHP has suspended a planned concern task successful Croatia pursuing a owed diligence process.

The connection for the metropolis of Sisak had been successful the pipeline since aboriginal 2023 but the Ukraine-headquartered concern confirmed the “outcomes” of its preliminary investigations “did not afloat align with our shared expectations”.

London-listed MHP said successful a connection it volition alternatively absorption connected the “continued and progressive improvement of Perutnina Ptuj”, a Slovenian shaper of poultry and value-added products it acquired successful 2018-2019.

MHP explained the quality of the planned acceptable up successful Croatia: “The task was intended to absorption connected enhancing the capableness of the home nutrient industry, strengthening the country’s nutrient security, contributing to the region’s economical development, and supporting the maturation of section communities.

“We conducted a thorough investigation of the project’s potential, carried retired an biology study, and planned to leverage MHP’s afloat expertise and acquisition to guarantee the project’s success.”

However, the task has present been “put connected hold”, MHP said.

Just Food has asked MHP, which is led by Ukrainian businessman, laminitis and CEO Yuriy Kosyuk, to corroborate what was planned for Croatia successful presumption of accumulation plants and products, and its existent manufacturing beingness there.

MHP said it has manufacturing facilities successful Ukraine and south-eastern Europe, arsenic good arsenic subsidiaries successful the UK, the UAE, Saudi Arabia, and the EU.

Acquired arsenic portion of a strategy initiated successful 2018 to grow operations extracurricular of Ukraine, Perutnina Ptuj has 15 accumulation facilities successful countries specified arsenic Slovenia, Croatia, Serbia, Bosnia and Herzegovina. It employs much than 5,200 people, MHP said successful the statement.

The institution added it has already opened an bureau successful the Croatian superior of Zagreb and is besides gathering a bedewed pet-food installation successful the state nether a much than €40m ($45.4m) concern project.

To beryllium operated by MHP Pet Food, the tract is owed to unfastened successful 2026, creating 200 jobs, MHP confirmed.

“A broad improvement strategy for Perutnina Ptuj done 2032 is presently successful the process of being formulated,” MHP said successful the statement.

Perutnina Ptuj produced 140,000 tonnes of poultry past year, compared to 88,000 tonnes successful 2018, the institution said.

Revenue had reached €574m past year, much than doubling from €271m successful 2018, portion EBITDA had grown to €87m from €34m.

Meanwhile, MHP besides issued its yearly results contiguous (28 April).

For the play to 31 December, gross was €3.05bn versus €3.02bn successful the corresponding 12 months, MHP, which owns brands specified arsenic Qualiko, Apetytna and RyabChick, reported.