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1995Beginning of trade in Ukrainian agricultural products with international traders. Acquisition of the first grain elevators becoming key assets for grain logistics.
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2002Kernel buys the first oil extraction plant in Poltava, Ukraine. Continues to build elevator power. The first agricultural enterprises were purchased, since then the volume for the cultivation of areas leased on a long-term basis increases annually. The company becomes a producer and processor of agricultural products, gradually expanding production and export potential.
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2004After strengthening positions in Ukraine in the segment of processing sunflower seeds and transshipping grain and oilseeds through elevators, the company enters the consumer market through an agreement to purchase the trademark of Bolded Sunflower Oil «Shchedry Dar» and a plant for processing, extraction and bottling of oil in the east of Ukraine.
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2006The company increases the production of sunflower oil in Ukraine. The purchase of production assets of «Evrotek» is successfully completed. After the transaction, the company's production capacity is doubled. Kernel holds the leading position in the agrarian sector of Ukraine.
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2007Kernel holds a public offering of shares on the Warsaw Stock Exchange, which allows other shareholders to invest in the company's development.
A long-term licensing agreement was concluded with Chumak Company, which grants exclusive rights to the production and sale of bottled sunflower oil of Chumak Gold and Chumak Home. As a result of the deal, Kernel is ranked first in Ukraine for the production and sale of bouillon sunflower oil. -
2008Kernel buys the second largest port terminal in Ukraine in the Black Sea port and receives a unique platform for increasing grain exports produced in Ukraine. The company is increasing its land bank to 80 thousand hectares. The financing of the agricultural sector is partly due to the additional emission of March 5, 2008, in the amount of 5,400,000 shares, thus attracting 194 million zlotys (84 million US dollars).
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2009Kernel expands oil production capacity in the Black Sea region by signing an agreement on the processing of customer-supplied raw materials with an annual volume of 230 thousand tons of sunflower seeds at an oil extraction plant in the Black Sea port, located next to its own port terminal.
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2010Continuing the consolidation of oil production in Ukraine, Kernel buys the assets of its competitor, Allseeds, and also launches a new multi-grain oil extraction plant in the north of Ukraine. The amount of sunflower seed processing is increasing to 2 million tons per year. Together with the Allseeds plant, the Company included port terminals for the export of sunflower oil and sunflower oil. The company is becoming the undisputed leader in sunflower oil production in Ukraine and the county’s largest exporter.
In order to finance the development strategy and planned deals through the expansion of equity, in April 2010, Kernel places 4,300,000 shares of new issuance among investors and attracts PLN 241 million (US $ 80 million). -
2011In 2011, due to the acquisition of new enterprises in the Center and in the West of Ukraine, the land-processing company grows to 230 thousand hectares.
Another important agreement is the purchase of a Ukrainian Black Sea Industry sunflower seed processing plant next to its own port terminal, which brings synergy for export potential and increases the company's capacity to 2.6 million tons a year.
In the same year, Kernel buys the company «Russian Oils» and goes to the Russian market. This deal gives Kernel the opportunity to start at a new market.
To finance these and other projects, the Company offers its shareholders 5,400,000 shares of a new issue and receives 399 million zlotys (140 million US dollars) for them. -
2012In April 2012, Kernel expands the geography of Agribusiness by making an option to purchase a 100% stake in two agricultural companies that process land in the Poltava and Khmelnytsky regions of Ukraine.
In September 2012, Kernel, together with a subsidiary of the international trading network, creates a joint venture on a parity basis, which buys 100% of the deep-water export grain terminal in the port of Taman (Russia). It is one of the largest deep-sea grain terminals on the Black Sea coast, located in the immediate vicinity of the key region of grain production. The terminal has a throughput of 3 million tons per year. It is becoming a platform for the development of Kernel grain business in the Russian Federation. -
2013The sales volume of sunflower oil in 2012-13 reaches 1 million tons, while the Company's share in international sunflower oil trade is 16%. Currently, exports of grain grow to 3 million tons.
In June 2013, Kernel buys one of the leading high-tech companies in the Ukrainian agribusiness Druzhba-Nova. Its land bank in almost 100 thousand hectares is concentrated in the south of Chernihiv and Sumy regions, as well as in the north of the Poltava region of Ukraine. The company's elevator capacity amounts to 100 thousand tons of storage. After the acquisition of Druzhba-Nova, as well as the sale of several distant businesses, the Kernel Land Bank has reached 400 thousand hectares. -
2014In the 2013-14 financial year, Kernel increases exports of grain to 4 million tons. The record figures provide an increase in own grain production by one million tons, as well as the achievement of the historical maximum grain yield in Ukraine.
In the summer and autumn of 2014, Kernel collects more than 1.5 million tons of grain and 300 thousand tons of oilseeds, which is the best indicator of productivity compared to last year (by 20-26%).
During 2014, in various regions of Ukraine, Kernel launches new elevators with a total storage capacity of 200 thousand tons. In general, over the past three years, the Company has put into operation new elevators with a capacity of 600 thousand tons of storage. -
2015In 2015, under the strategy adopted in 2014, the company reduces the share of borrowed capital and pays the first ever dividend ($ 19.9 million) in fiscal year 2014.
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2016The company buys a sunflower seed processing plant in the Kirovograd region of Ukraine. The annual capacity of this high-tech enterprise put into operation in 2012 is 560 thousand tons of sunflower seeds.
At the same time, Kernel sells two inefficient oil-mills in southern Russia (Ust-Labinsk and St. Georgievsk), which processed 200 thousand tons of sunflower seeds per year.
Kernel sells its stake in the terminal for handling oil and concludes an option agreement for the sale of a parcel of dry cargo handling. In addition, the Company concludes a contract for the sale of Nikolayev Oil Plant. -
2017On January 31, 2017, Kernel completes the issue of debut five-year Eurobonds worth $ 500 million. US coupon rate of 8.75%, becoming another strategic achievement. The company diversified funding sources, optimized the credit rating profile, and extended the loan repayment term, minimizing refinancing risks in terms of regional volatility. The international rating agency Fitch assigned the company's securities the credit rating «B +», and the agency S&P – «B», which is higher than the sovereign rating of Ukraine, on two and one steps, respectively.
In the summer of 2017, Kernel implements the strategy of expanding Agribusiness by acquiring assets of the holding «Ukrainian Agrarian Investments» and «Agro Invest Ukraine». After closing deals, the Land Bank of the Company exceeded 600 thousand hectares and became one of the largest in Ukraine. Also, Kernel included elevators with a capacity of simultaneous storage of 370 thousand tons.
Launched AVERE – a knowledge and research platform to effectively hedge the expected increase of Kernel’s exports to 12 million tons a year.
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