News
Russian company to invest US$100 million 08 Feb 2010
One of Russia's leading integrated and diversified meat producers is planning to invest up to $US100 million this year in the further development of its pork and poultry business.
By Evegen Vorotnikov
Cherkizovo Group’s CEO, Sergei Mikhailov says, "The focus is now changing, as we are almost finished the development of our pig-breeding business."
Mikhailov said that Cherkizovo has no lack of liquidity, however the strategic development of the company’s largest project for pork and poultry production located in Yelets may result in the investment of additional funds.
Cherkizovo Group is a holding company which was formed in 2005 as a combination of two separate groups of companies. The operational facilities of the Group include seven meat processing plants, five pig production complexes, four poultry production complexes, three poultry processing complexes, as well as two combined fodder production plants.
Cherkizovo Group’s CEO, Sergei Mikhailov says, "The focus is now changing, as we are almost finished the development of our pig-breeding business."
Mikhailov said that Cherkizovo has no lack of liquidity, however the strategic development of the company’s largest project for pork and poultry production located in Yelets may result in the investment of additional funds.
Cherkizovo Group is a holding company which was formed in 2005 as a combination of two separate groups of companies. The operational facilities of the Group include seven meat processing plants, five pig production complexes, four poultry production complexes, three poultry processing complexes, as well as two combined fodder production plants.
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