OREANDA-NEWS  On 22 September was announced, that in August 2008 Vinnitsa bakery No.2 (VKHP) reduced production in comparable prices by 35.89% or UAH 2.604 million to UAH 4.652 million, compared with August 2007.

The enterprise's representative said this to Ukrainian News.

Compared with July, the bakery's output fell by 60.14% or UAH 7.018 million.

In August the company produced 2,512 tons of flour.

According to the representative, the reduction of output is related to modernization of the facilities.

Over January-August, output of the company made up UAH 74.137 million, which is an increase by 70.45% or UAH 30.642 million, compared with January-August 2007.

As Ukrainian News earlier reported, in July, Vinnitsa bakery No. 2 increased production in comparable prices by 89.14% or UAH 5.5 million to UAH 11.67 million, compared with July2007.

Vinnitsa bakery No.2 ended 2007 with a loss of UAH 0.381 million, having increased production in comparable prices by 11.3% or by UAH 7.635 million, compared to 2006, up to UAH 75.206 million.

Vinnitsa’s bakery No.2, registered as limited liability company, was founded in 1972. It deals with grain processing, the production of flour and mixed fodders.

75.23% of the company's shares are owned by the enterprises, which form part of the Podillia Foodstuffs Company, and 20.71% by the New Euro Division Limited Company (UK).