Kernel reported damage and shutdown of the plant from a drone attack
8 August 2024 10:31
The Ukrainian agricultural holding Kernel has reported that its largest plant in western Ukraine was damaged in a Russian drone attack. The relevant message appeared on the website of the Warsaw Stock Exchange, according to "Komersant Ukrainian"
Operations at the plant have been suspended. The fire caused by the attack was extinguished. No one was injured in the attack.
The company is currently assessing the extent of the damage and related losses.
Kernel notes that employee safety is a priority and all necessary measures have been taken.
It also said that it is cooperating with the authorities to investigate the incident and restore the plant’s operations.
Kernel Holding S.A.
Kernel Holding S.A. (Kernel) is one of the largest agricultural companies in Ukraine, founded in 1995. The company is headquartered in Kyiv and Luxembourg. Kernel is a leading producer and exporter of sunflower oil in Ukraine and one of the largest agricultural traders on the global market. The company supplies its products to over 80 countries, accounting for about 15% of global sunflower oil exports and 18% of grain exports.
The company has been listed on the Warsaw Stock Exchange (WSE) since 2007. The company’s principal activities include the production and export of agricultural products, as well as logistics services. The founder and Chairman of the Board of Directors is Andrzej Wierewski, who is also the company’s major shareholder.
In the financial year 2022/2023, the company’s revenue was over USD 5 billion and net profit reached USD 500 million. The company processes about 3 million tonnes of sunflower oil annually and exports more than 8 million tonnes of grain. Thanks to this performance, Kernel continues to hold a leading position in the agricultural sector of Ukraine and in the global markets.
