News archive

29.12.2014

About the situation at the pork complexes in Orel and Voronezh Regions

Last week, African swine fever virus was revealed at two pig fattening facilities of Agroresurs Voronezh LLC and Orelselprom CJSC located in Voronezh and Orel Regions. In order to prevent the infection dissemination, headquarters were established to ensure 24/7 control over the situation at site and maintain constant information exchange with representatives of Rosselkhoznadzor, regional and municipal authorities, as well as other official bodies.

24.12.2014

Miracles Happen in December

Cherkizovo Group (LSE:CHE; MOEX:GCHE), the largest meat and feed producer in Russia, today summed up the results of its first ever regional charity campaign "Help the Children". Thanks to the joint efforts of organizers and consumers, several million roubles have been collected for the provision of timely and targeted assistance to children in need.

10.12.2014

Goodwill reaches out

Cherkizovo Group is continuing its first ever regional charity campaign “Help the Children”. The company has committed to transfer a rouble from each package of Petelinka brand poultry meat products sold to “The Road Together” charity foundation.

08.12.2014

Cherkizovo Increased Yields by 39% Compared to Previous Year

Cherkizovo Group (LSE:CHE; MOEX:GCHE), the largest meat and fodder manufacturer in Russia, has finalized the results of the 2014 harvest campaign. More than 242,000 tonnes of grain were harvested (gross harvest), or nearly 40% more than the result in 2013, which was about 175,000 tonnes (gross harvest).

19.11.2014

Financial results for the Nine Months Ending September 30, 2014

Moscow, 19 November 2014 - Cherkizovo Group (LSE: CHE, MOEX: GCHE), Russia’s leading integrated and diversified meat producer, announces financial results for the period ending 30 September 2014.

17.11.2014

Cherkizovo to Donate Part of Revenue from Petelinka’s Sales to Orphanages in 7 Regions

On November 17, 2014, Cherkizovo Group launched its first-ever social marketing action. As part of the “Petelinka. Help Children!” programme, Cherkizovo Group undertook the obligation to donate to the United Way charitable fund one rouble from each package of Petelinka products sold.

14.11.2014

Cherkizovo Group Opens Novonikolskaya

The opening ceremony for Novonikolskaya, the first poultry production facility of the Eletsprom project, took place in Dankov District of Lipetsk Region. More than 2 million chickens were placed in 56 new bird houses with the participation of Governor Oleg Korolev.

05.11.2014

Standing with the Best

Cherkizovo Group Senior Managers Win Recognition as Leading Corporate Governance Professionals in Russia.

31.10.2014

Cherkizovo Group (LSE:CHE) Trading Update for 9 months of 2014

Moscow, October 31, 2014 – Cherkizovo Group (LSE:CHE; MOEX:GCHE), Russia’s largest meat and feed producer, announces its operational results for the nine months of 2014.

14.10.2014

BCS initiates analyst coverage of Cherkizovo Group’s shares

BCS Financial Group started analysing Cherkizovo Group’s shares and granted them a “buy” recommendation with a target price of $18/GDR. The compound annual average growth rate of earnings per share is expected to be 66% over the next three years.

08.10.2014

Winter Wheat Has Been Planted

Cherkizovo Group has met 100% of its target for sowing winter wheat. A total area of 28,600 ha was planted, which is 11,000 ha more than the last year’s figure. The sowing campaign was completed in the optimum agronomic period, so it is expected that winter crops will be in good condition for wintering over.

06.10.2014

A Million for the Future

Chairman of Cherkizovo Group Board of Directors Igor Babaev supported a youth hockey team and granted them 1 million roubles of his own funds during a business trip to Penza Region.

15.09.2014

Cherkizovo Group’s Board Recommended to Pay Dividends

A meeting of the Board of Directors of Cherkizovo Group meeting was held on September 11, 2014, and a decision to call an extraordinary general meeting of shareholders was made. The EGM will be held on November 10, 2014. Payment of dividends will be discussed during the meeting. The Board recommended that the EGM vote for a dividend payment of RUB 1,514,264,391, or RUB 34.44 per ordinary share.

12.09.2014

Sowing of Winter Crops Picks Up Speed

The 2014 harvest campaign is not yet over, but it is already time for the 2015 sowing season: Cherkizovo Group is sowing winter crops in Voronezh, Lipetsk, Moscow, and Orel Regions. The work is progressing faster than it did last year, and grain crops have already been sowed on 18,000 ha; the total sowing area is 28,000 ha.

09.09.2014

Cherkizovo Group Will Substantially Increase Production in Voronezh Region

Cherkizovo Group plans to substantially increase the production of poultry and pork in Voronezh Region by investing nearly 4 billion rubles in business development. Chairman of the Board of Directors of Cherkizovo Group Igor Babaev made this announcement during a working meeting with Governor of Voronezh Region Alexei Gordeev.

01.09.2014

Tambovskaya Turkey project Continues to Grow

Chairman of Cherkizovo Group Board of Directors Igor Babaev, First Deputy Governor of Tambov Region Alexander Dubovik, and the owners of the Spanish company Grupo Fuertes visited the construction site of JV Tambov Turkey in the region’s Pervomaisky District.

28.08.2014

Financial results for the First Half Ending June 30, 2014

Moscow, August 28, 2014 - Cherkizovo Group (LSE: CHE; MOEX:GCHE), Russia’s leading integrated and diversified meat producer, announces its financial results for the period ending 30 June 2014.

19.08.2014

Winter Crops Harvest 2014 – Targets Exceeded by 32%

Cherkizovo Group reports the completion of winter and spring wheat, barley, and peas harvesting. As of August 19, the Company harvested record 176 thousand tonnes from 32.2 thousand ha area in Voronezh, Orel, and Lipetsk Regions, which is 54% higher than the gross harvest of these crops in 2013. It is worth mentioning that the Group’s harvest in 2013 made up 175 000 tonnes, which means that even this level is already exceeded.

07.08.2014

Cherkizovsky Changes its Name, while Preserving Quality

Cherkizovo Group’s flagship brand in the meat processing received an updated name and logo as of August 2014. Now all of the company’s sausage products, hams, delicatessen, vacuum packed chilled meat, and other products of the Cherkizovsky Meat Processing Plant will be called “Cherkizovo”. The logo placed on the products has also been updated.

01.08.2014

Cherkizovo Group GDRs are admitted to trading on Moscow Exchange

Cherkizovo Group's Global Depositary Receipts have been admitted to trading on Moscow Exchange (MOEX) under the ticker "CHEG".

28.07.2014

Cherkizovo Group has Started Grain Harvest

Cherkizovo Group, Russia's largest meat and fodder producer, has started the grain harvest. The Group harvests winter wheat and peas from its lands in Voronezh, Lipetsk, and Orel Regions in July. More than 40 pieces of equipment are operating 16 hours a day during the harvest campaign.

24.07.2014

Cherkizovo Group (LSE:CHE) Trading Update for First Half of 2014

Moscow, July 24, 2014 – Cherkizovo Group (LSE:CHE; MOEX: GCHE), Russia’s largest meat and fodder producer, announces its operational results for the first half of 2014.

16.07.2014

Cherkizovo Group has commissioned new grain storage facilities in Kamensky District, Penza Region, with overall capacity of 100,000 tonnes

Upon the facilities commissioning, Cherkizovo's overall grain storage capacity increased to 700,000 tonnes. The Company invested more than 560 million roubles in the Kamenka project, including VAT, and created about 50 new jobs with an average wage 30% higher than the average wage in the region.

08.07.2014

Sberbank of Russia provided Cherkizovo Group the first tranche as part of the line of credit for the construction of a turkey meat production plant

Tambov Turkey LLC, a joint Russian-Spanish venture created by Cherkizovo Group and Grupo Fuertes for the construction of a vertically integrated turkey meat production plant in the Tambov Region, attracted RUB 1.2 bln as part of the first tranche of the line of credit. Sberbank CIB organised financing, which was announced in February of this year. The total investment in the project amounts to RUB 7.5 bln (including VAT), of which more than RUB 3 bln is a joint investment by Grupo Fuertes and Cherkizovo Group, the remainder is long-term loan financing.

30.06.2014

Cherkizovo Group Open Joint Stock Company held its Annual General Meeting of Shareholders

Moscow, Russia – June 30, 2014 – Cherkizovo Group OJSC (LSE:CHE; MICEX:GCHE), the largest Russian vertically integrated company in the meat production and processing industry, reports on the resolutions passed at the Annual General Meeting of Shareholders of Cherkizovo Group OJSC.

21.06.2014

Cherkizovo Group Joins and Sponsors Charity Race

The United Chari Games 2014 charity race was held in Sokolniki Park with the support of Cherkizovo Group and the United Way foundation. All money raised during the event will be used to buy vouchers for a summer camp for children from low-income and disadvantaged families who have suffered from burns, and to improve the quality of life of seniors in Russian regions.

10.06.2014

Sowing Campaign 2014 Completed

Cherkizovo Group (LSE: CHE; MICEX: GCHE), Russia’s largest meat and fodder manufacturer, completed its 2014 sowing campaign.

02.06.2014

CEO of Cherkizovo Group Sergei Mikhailov Spoke at the “Russian Agricultural Holdings. Summer 2014” Conference

CEO of Cherkizovo Group Sergei Mikhailov Spoke at the “Russian Agricultural Holdings. Summer 2014” conference held by Agroinvestor magazine (Sanoma Independent Media Publishing House). In his speech, he talked about the company’s plans to produce about 480,000 tonnes of poultry meat (including production at Lisko Broiler), about 170,000 tonnes of pork live weight, and close to 140,000 tonnes of processed meat products in 2014.

29.05.2014

“Cherkizovo Group” is the anchor investor in Lipetsk region

In his speech, Mr. Babaev noted that in the last ten years of operation, Cherkizovo Group had made Lipetsk Region one of the ten largest poultry meat and pork producing regions. The company produces more than 60% of all poultry meat and pork in the region.

28.05.2014

Cherkizovo Group (LSE:CHE) Announces Financial Results for the First Quarter of 2014

Moscow, May 28, 2014 — Cherkizovo Group (LSE: CHE; MICEX: GCHE), Russia’s largest meat and fodder producer, announces its financial results for the First Quarter ending March 31, 2014.

27.05.2014

Russia’s Pork Output Increased to 113,000 Tonnes in April

Russia’s pork output increased to 113,000 tonnes in April versus 111,000 tonnes in March. This was an increase of 2.2% or 2,400 tonnes compared to March 2013.

07.05.2014

Igor Babaev and Deputy Governor of Lipetsk Region Nikolai Tagintsev inspect Cherkizovo’s facilities in the region

Chairman of Cherkizovo Group Board of Directors Igor Babaev and Deputy Governor of Lipetsk Region Nikolai Tagintsev visited the Dankov Meat Processing Plant. During the tour, they decided to hold a higher level meeting in the near future concerning Cherkizovo Group’s investment activities in the region, which includes upgrading the meat processing plant.

05.05.2014

Igor Babaev and Tambov Region Governor Oleg Betin Inspect Construction Progress of Tambov Turkey Project

Over two years, the main buildings of a large-scale production facility were erected on the land plot distributed as part of an investment project in Pervomaysky District. The head of the region, Oleg Betin, and Igor Babaev, Chairman of Cherkizovo Group Board of Directors, expressed confidence that if construction continues at the same pace, Tambov residents will get to sample the first products as early as in 2015.

28.04.2014

Igor Babaev Discusses the Prospects for Agriculture in Vologda Region with the Governor

Chairman of Cherkizovo Group Board of Directors Igor Babaev discussed the prospects for agriculture in Vologda Region with the region’s Governor. Mr. Babaev particularly said that he was interested in developing dairy farming, which is a very important and socially significant line of agriculture.

25.04.2014

Trading Update for the First Quarter of 2014

Cherkizovo Group (LSE: CHE), Russia’s leading integrated meat and fodder producer, announces its operational results for the first quarter of 2014.

16.04.2014

Cherkizovo Group Starts the 2014 Sowing Campaign; anticipates a Harvest of a Quarter Million Tonnes

Cherkizovo Group, Russia’s leading meat and fodder producer, has started the 2014 sowing campaign. This year, the Company increased its operational land bank in the Moscow, Lipetsk, Orel and Voronezh Regions by 45%, to 58 thousand hectares. If weather conditions are favourable, Cherkizovo expects its harvest to increase by 45% compared to 2013, to approximately 250 thousand tonnes (bunker weight).

14.04.2014

Chairman of Cherkizovo Group Board of Directors Igor Babaev and Governor of Lipetsk Region Oleg Korolev have inspected Cherkizovo’s major infrastructure facilities under construction in Elets District

Large-scale construction is underway as part of the Eletsprom project, which the Group began implementing in 2011.

26.03.2014

Cherkizovo Group Acquired LISKO Broiler, one of the country’s largest poultry producers

Cherkizovo Group (LSE: CHE), Russia’s largest meat and fodder producer, announces the acquisition of LISKO Broiler, a poultry producer in the Voronezh Region in Southern Russia.

06.03.2014

Financial results for the Year Ending December 31, 2013

Moscow, March 6, 2014 - Cherkizovo Group (LSE: CHE), Russia’s largest integrated and diversified meat producer, today announces full-year audited financial results for the period ending 31 December 2013.

25.02.2014

Cherkizovo Group Is Now Russia’s Second-Largest Pork Producer

The National Pig Farmers Union has published a listing of Russia’s 20 largest pork producers on its website. Cherkizovo Group rose from third to second place based on the results of 2013.

21.02.2014

Innovation Awards

Cherkizovo Group products under the Petelinka trademark won gold and silver medals at Prodexpo 2014, the major international food industry exhibition.

19.02.2014

Sberbank CIB organises financing for Cherkizovo Group

Financing for a major project of Cherkizovo Group, one of Russia’s leading food manufacturers, has been approved with assistance from Sberbank CIB. The funds will be used to finance the company’s joint project with Spanish company Grupo Fuertes to construct a turkey meat processing and production plant in the Tambov Region.

17.02.2014

Consumers of Poultry Meat Prefer Cherkizovo Group Products

Based on the results of a study conducted by marketing agency ScanMarket this year, Petelinka brand stands out as a strong leader of the chilled poultry meat market in Moscow.

13.02.2014

Cherkizovo Shares Given a “Buy” Recommendation

Analysts at the investment company RMG Securities began their analysis of Cherkizovo shares by giving them a “buy” recommendation and assessing their target price at $15.30/GDR.

10.02.2014

Cherkizovo Group Takes Part in Prodexpo 2014 Exhibition

Cherkizovo Group will have a display stand at a major international food industry exhibition.

06.02.2014

Cherkizovo Group Announces Launch of Its Unique Chilled Ready-to-Cook Packaged Poultry Meat

This new product line from Petelino Trading House is the perfect choice for consumers who value their time and prefer the taste of real home cooking. Petelino ready-to-cook products combine a special recipe, outstanding taste, and an affordable price.

30.01.2014

Chairman of the Board of Directors of Cherkizovo Group Igor Babaev Attends Lipetsk Region’s 60th Anniversary Celebrations

Chairman of the Board of Directors of Cherkizovo Group Igor Babaev attended Lipetsk Region’s 60th anniversary celebrations on January 17.