Friday, March 30, 2012

Avangard: You Need Eggs to Make an Omelete

Avangard (AVGR:LI) is an Ukrainian agro-industrial holding company, specialized in the production and distribution of shell eggs and egg products. The company is vertically integrated and owns and operates each of the key stages of the production cycle.

This little known company is the second largest egg producer in the world, with its flock of 25 million birds having produced 6 billion eggs in 2011. The largest egg producer in the world is the US based Cal-Maine Foods, which has a flock of 33 million birds and an annual production of almost 10 billion eggs.