MOSCOW, Feb. 7 – Ukraine's Avangard Holding, one of the largest egg producers in the country, plans to invest up to $500 million in two projects to boost its egg production.

"Currently we're realizing two projects of three million hens each, and their total value could reach $500 million," Oleh Bakhmatiuk, the holding's board chairman, has told Interfax at the sidelines of a forum organized by Russia's Troika Dialog in Moscow.

Apart from production facilities, the complex would have a sorting plant, a slaughter workshop, a bio-gas plant and other facilities, he said.