Cherkizovo To Help Fuel Poultry Self-Sufficiency Drive

Russia's largest integrated poultry producer, Cherkizovo Group, has announced plans to finance a massive increase of its poultry operations in its Bryansk production site in Central Russia, not far from Moscow. The first stage of the two-stage project, which is supported by Sberbank, will cost about RUB1.8bn (US$62mn). Both stages of the project are earmarked for completion by 2012 and will almost double the annual capacity of the site to approximately 63,500 tonnes of live poultry. This announcement ties in well with Russia's plans to become more self-sufficient in meat by 2012 and Cherkizovo looks well placed to capitalise on

To read the full article, please choose one of the following options: