French Company Soufflet Group, the world's leading maltster, has recently announced that its Ukrainian subsidiary, Slavutskiy Malting Plant, has registered an annual revenue of UAH125.893 million (about EUR 20.3 million) for 2004, according to Agro Perspectiva’s communication from May 24. The source said that company’s revenue increased by 19.9% or with UAH20.9 million compared to 2003 revenue.

Slavutskiy Malting Plant has finished 2004 at UAH7.9 million profit compared to UAH8.4 million in 2003.

In 2004 Slavutskiy Malting Plant produced about 76,600 metric tonnes of malt (UAH124.8 million).

Slavutskiy Malting Plant, based in Khmelnytska region, is the largest malt manufacture of Ukraine. It is owned by French Company Soufflet Group. As earlier reported, French Soufflet Group had bought Slavutskiy malting house from Scandinavian Company BBH. Later on, EBRD acquired Slavutskiy malting house 24% shares from Soufflet Group. End 2004 EBRD allotted to Slavutskiy Malting Plant production facilities development/enhancement US$11.8 million credit. Slavutskiy malting house is calculated for 120,000t barley annual processing (in terms of malt — over 70,000t).

1 EUR= UAH 6.2709 as of June 1, 2005

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