Vukovar’s Vupik will end this year with revenues of 450 to 500 million kuna, depending on the prices of agricultural crops.
Last year, it ended with revenues of 453 million kuna, and it is logical that expectations for this year are higher. However, since the company’s revenues are directly dependent on the prices of agricultural crops, and this year the prices of almost all oilseeds and grains have fallen, one must calculate with such a high range of expected revenues.
This year for Vupik, as its director Davor Bošnjaković told us, also marks the end of major investments, totaling 560 million kuna, since the Agrokor group took over this Vukovar company three and a half years ago.
– A large part of Vupik’s investments relates to livestock farming, where pig farms have been built and renovated. Three are for fattening, and one is reproductive, which allows for the production of 110 thousand fatteners, intended for PIK Vrbovec. There are also three dairy farms, which will produce 15 million liters of milk this year, and since investments have also been made in them, next year that production should amount to 20 million liters. A farm for fattening 1200 head of cattle per year has also been built. The last investment, which started this year and was worth more than ten million euros, was the loading-unloading ramp of the Dunav silo, where the largest growth was achieved. The flow of goods has tripled, so this year we expect 150 thousand tons of transshipment, and already next year 200 thousand tons. As for viticulture, this year we expect five and a half million liters of wine, and next year that number should rise to six million liters, which makes Vupik, in terms of quantity, the largest winery in Croatia. All this wine is marketed under brand names, as we are targeting quality but cheaper wines, in a market segment that is growing increasingly, given the overall situation. Along with investments in vegetable growing, which account for 545 out of 62,000 hectares, this would complete the largest investment cycle – says Bošnjaković.
However, investments will continue, although not at the same intensity and volume. Plans include expanding vegetable production to an additional 600 hectares, further investments in the silo, and a biogas plant, which includes an investment in four hectares of tomato production.
