KSG Agro participated in the Ukraine-USA Investment Forum in Minneapolis, the USA. It was held with the assistance of the U.S. Department of Commerce, the U.S. Embassy in Ukraine, the Ukrainian Embassy in the United States. There, successful negotiations were held between KSG Agro and TerraMax (Minneapolis, the USA) on the launch of the large-scale cooperation in the use of biological products.
In the second decade of March, companies that are part of KSG Agro Agricultural Holding proceeded to sow spring crops. This was reported by the Holding’s press service.
The companies of KSG Agro started sowing spring barley and spring rape. The following crop areas are planned in the context of the following crops:
- Spring barley – 500 ha
- Spring rape – 800 ha
In addition, KSG Agro plans to sow corn and sunflower during the spring sowing time in 2017, within the optimal agro-technical terms:
- Corn – 1,300 ha
- Sunflower – 14,400 ha
Earlier, during the spring field work, the holding companies fertilized winter wheat and rape on an area of more than 11,000 hectares. In addition, harrowing of the fall-plowed land continues, an area of 7,000 hectares has been harrowed by today.
The companies of the Holding are fully provided with high-quality fertilizers and modern agricultural technology.
Within the biomass heating plants utilization program in the Dnepropetrovsk Region, KSG Agro agricultural holding completed construction and put into operation new pellet boiler station in Dnepr. Thus, volume of heat generation by holding was increased by 23% – from 3.45 to 4.25 MW.
The “Agroplaza” enterprise affiliated to the KSG Agro agricultural holding completed construction of new pellet boiler station providing heat supply to well-known “Miriada” shopping center in Dnepr with area of about 12 thousand sq. m. Project investment amount made about 1.5 million UAH.
Currently, boiler station is commissioned for operation. Boiler station power makes 0.8 MW. Boiler station operates on pellets made from plant production waste, which are less costly than imported gas.
Boiler station cost advantages were also considerably increased due to the fact that the state-of-the-art equipment operation allows temperature correction in the “Miriada” SC depending on the outside weather conditions.
Bringing into service of a new boiler station resulted in total KSG Agro heat generation increase by 23% – from 3.45 to 4.25 MW.
This is the fifth alternative fuel-fired boiler station commissioned over the past few years. In addition to one supplying heat to the shopping center in Dnepr, 3 ones are operated at the enterprise’s pig-breeding farm, and 1 – at the rural school.
KSG Agro and Bioenergy Association of Ukraine Had Press-Lunch Dedicated to the Biofuel Introduction on November 29
The Chairman of the management board of the Bioenergy Association of Ukraine Georgiy Geletuha and the leading Ukrainian mass media representatives, elaborating on the issues of energy industry and the agriculture, joined the lunch. Among them there were the journalists of the Agroexpert title, the UNIAN, Ukrinform, Ukrainski Novyny Hubs portal, Agraveri, Agroportal information agencies and many others.
During the press-lunch the participants had a well-reasoned and interesting discussion on one of the most urgent for Ukrainian economy issues – the implementation of renewable fuels. The key answers from the journalists were related to the economic effect from the use of biofuel, its advantages as compared with the traditional energy sources – gas and coal, the capabilities of such agro-holdings as the KSG Agro to construct new boiler facilities and supply pellets for them.
As CEO Sergey Mazin reported during the press-lunch, the KSG Agro holding has put forward an initiative of partnership of local communities and businesses for the reconstruction of boiler facilities of the state-financed sector – providing a re-equipment from gas to biologically renewable fuel – pellets. He appealed for the joint efforts of the businessmen and the local authorities across the country in modernization of the boiler facilities. And, as a result, the costs for the state-financed consumers heat supply would be reduced, as well as the Ukraine’s dependency on coal and Russian gas.
“According to the Chairman of the management board of the Bioenergy Association of Ukraine (BAU) Georgiy Geletuha, the introduction of bio-fuel heating technologies by the KSG Agro agro-holding company is in the Ukraine’s and international trends of gradual substitution of traditional fuel by the bio-fuel. “Now the substitution by the bio-fuel accounts for 42% per year, and during the period from 2012 to 2015 it increased fourfold, – BAU Head comments, – We are sure that the corresponding legislative regulations passed by the state would allow increase these figures and engage businesses and agricultural and industrial sector in the use of bio-fuel. A positive example of such an increase is the activity of the KSG Agro holding”.
Internet chat with investors: the discussion of the financial results of KSG Agro, current situation and prospects of the Group
On November 23, in Warsaw, the KSG Agro investors had an on-line chat. A member of the KSG Agro management board, Sergey Mazin, answered the investors’ questions. The participants of the chat were discussing the financial results of the KSG Agro activity, the current situation and the prospects of the Group. You may find details on the website of the Private Investors Association in Poland at
As well as on our website https://www.ksgagro.com/investor/prs/Czat_23_listopada.pdf
On our website you can also read the questions and the answers, which were discussed off-line due to the lack of time
For the first 9 months of 2016, KSG Agro’s share in exports of live pigs from Ukraine amounted to 26%
During the first 9 months of 2016, KSG Agro Holding exported live pigs to Georgia in the amount of USD522,000. At the same time, total exports of live pigs from Ukraine for 9 months of 2016 amounted, according to the State Fiscal Service of Ukraine, to USD2,019,000. Given that 100% of the supply of live pigs from Ukraine for three quarters of 2016 was carried out to Georgia, the share of KSG Agro in total exports in value terms in the first 9 months of 2016 amounted to 26%.
During the same period, Ukraine exported 1,741 tons of live pigs. At the same time, the share of KSG Agro Holding amounted to 400 tons of live pigs, or 23% of the live weight of the total exports of the country for this product category.
KSG Agro Holding continued its program of introducing biomass heat boilers in Dnepropetrovsk region, increasing the amount of heat production from 3000 kW to 3450 kW.
Under the KSG Agro new program implemented in partnership with local councils of Dnepropetrovsk region the first boiler in a secondary school in the village of Novopokrovka of Solonyansky district of Dnepropetrovsk region was commissioned.
The new boiler is working on fuel pellets from waste sunflower seeds, a biological fuel that is significantly cheaper than traditional fuels. As a result, the savings compared to the previously used boiler will be at least 20%, and the quality of the supplied heat will increase by 30%.
“Our Holding has a serious experience in the use of fuel pellets, which we use to heat our factories, for example, a pig farm in the village Niva Trudovaya, – says Sergey Kasyanov, KSG Agro Chairman of the Board of Directors. – Our experience shows that the use of pellets helps achieve significant savings. For example, the energy efficiency of the old boiler house in Novopokrovka was 45%, and the new boiler provides 85% efficiency. Pellets will come for the school boiler room from our own holding’s pellet production”.
Construction of the boiler house in Novopokrovskaya School totaled UAH 1 million. It was carried out at the expense of KSG Agro agricultural holding, without the involvement of budget resources. Heat, supplied to the school, will be paid for by the rural council. Heat cost will be determined by the tariffs approved by NERC.
KSG Agro and Kreston GCG held a seminar on the interpretation of public agricultural companies’ reporting according to IFRS standards
On October 11, 2016, the city of Kiev welcomed the seminar “IFRS: how to interpret the reports of
public agricultural companies, whose shares are traded on foreign stock exchanges”. The event was
organized by the agricultural holding KSG Agro and Kreston GCG auditing company.
The seminar was attended by over 10 journalists from the leading Ukrainian media, writing on
agricultural topics. Among them there were representatives of the following agencies: Interfax-Ukraine,
Ukrinform and Ukrainian News, and websites: APK-Inform, Agroexpert, Agroportal, Agraveri, ProAgro,
“By conducting a seminar on the reports of public agricultural companies, we once again want to
emphasize the importance of open and transparent dialogue with the media, which we stick to from the
outset of our agricultural holding’s existence, – said KSG Agro General Director Sergey Mazin, – We thank
the journalists for their attention to the activities and financial performance of our agricultural holding.
We are confident that after this workshop it will be easier for the journalists to evaluate reporting of
“I am pleased to note that among the Ukrainian agricultural companies we have agricultural holdings,
which give the exact and correct use of the IFRS standards the biggest priority, – says Andrei Popov, a
partner at the auditing company Kreston GCG, – Holding the seminar together with KSG Agro we aimed
to help journalists interpret the statements correctly, highlighted Popov.
During the seminar, Sergey Mazin and director of the quality control department of Kreston GCG
auditing company Ruslan Izmailov told about the features of IFRS application in the preparation of the
financial statements of agricultural companies using the example of KSG Agro reporting. The speakers
also answered numerous questions from the journalists.
KSG Agro is one of the leading agricultural holdings in Ukraine, the European group of innovative
vertically integrated companies. Holding’s shares are listed on the Warsaw Stock Exchange. KSG Agro’s
main activity is farming, agricultural and pork production.
Kreston GCG is the Ukrainian representative of the international audit network Kreston International,
one of the world’s leading organizations in the field of audit and consulting services. More than 21 000
specialists and support staff in the Kreston International network serve private and public companies,
public sector enterprises, financial institutions, multinational corporations and non-profit organizations
in 108 countries.
Press-service of KSG Agro
Contact: Sergei Viktorov (tel 067-509- 17-27.) E-mail: email@example.com
About 16 thousand hectares of cultivated crops are planted.
Significant rainfall has produced a favorable effect on winter and spring crops. To protect plants against diseases, the Company has applied additional treatment with fungicides.
Taking into account winter crops, the following cultures are sown on the fields of the Group:
- Sunflower – 15.8 thousand hectares.
- Wheat – 6.6 thousand hectares.
- Barley – 2.7 thousand hectares.
- Corn – 0.4 thousand hectares.
- Rape – 0.8 thousand hectares.
- Other crops (including fallow) – 6.8 thousand hectares.
The theme of the tour, which took place in Apostolovo district of Dnepropetrovsk region, was about the successful anti-crisis strategies of agricultural enterprises using the example of the leading holding’s companies.
The press tour was attended by 12 representatives of the leading Ukrainian print and electronic media. In particular, these were the journalists, editors and columnists from the following news agencies and magazines: Ukrainian News, Ukrіnform, APK-Inform, Landlord, Prybutkove Svynarstvo, Tvarynnytstvo sogodnі and Zerno, as well as agricultural websites: Latifundist, Agroportal, Agroexpert, ProAgro and Agraveri.
During the press tour, the participants paid a visit to the Apostolovo branch of KSG Dnepr, where they inspected fields sown with wheat and sunflower, while in the village of Niva Trudovaya they visited the LLC Rantye’s pig-breeding complex.
“We are grateful to the media for their significant interest in KSG Agro, – says Sergey Mazin, Director General of the holding, – Our holding has always respected the principles of open and transparent policy of our activities coverage. We appreciate our journalists’ long-term effective information partnership that we intend to maintain and develop comprehensively”.