Cherkizovo launches large scale poultry project in Russia
Russian meat producer Cherkizovo has started building a huge poultry complex worth $685 million, making it the largest Russian agro-industrial project in the central Russian Lipetsk region.
The complex will have broiler sites with 10 million poultry places, parent stock and reproduction flock sites for 900,000 heads and slaughtering and processing facilities, Cherkizovo said in a statement.
It will also include facilities to produce 512,000 tonnes of poultry feed per year and to store up to 50,000 tonnes of frozen products.
The complex is expected to be built in 2013 and to reach full capacity by 2015.
The total investment in the project will be 19.5bn roubles, or approximately $685m, including VAT. Of that amount, 80% is loan funds, with a 10-year tenure, provided by Gazprombank.
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