IN 2012 GROUP’S POULTRY PRODUCTION WILL INCREASE BY 40%
OJSC Cherkizovo Group (LSE: CHE) one of Russia’s leading integrated and diversified meat producers, is pleased to announce the details of a large-scale capacity increase project at its Penza poultry cluster.
Phase one of the
Under phase two, Cherkizovo will construct the following facilities at the Vasilievskaya poultry factory:
• Incubation facility for 105 million eggs per year, which will become one of the largest facilities of its kind in
• Circa 100 bird houses at both the existing and new sites of the Vasilievskaya factory, with the majority to be launched this year
• State-of-the-art slaughtering facilities with an hourly capacity of up to 8,000 heads
The project is funded through 1.1 billion roubles (approximately $37 million) of internal investment and a further 2.5 billion roubles (approximately $83 million) of support from Sberbank of Russia.
This second phase is expected to be complete by the end of 2011, raising the current annual capacity of the factory from 60,000 tonnes to 120,000 tonnes of live weight poultry meat. Cherkizovo Group also commenced a large-scale project at its
Sergei Mikhailov, CEO of Cherkizovo Group said: “Cherkizovo Group welcomes the Government of