Cherkizovo Increases Poultry Meat Sales by 4% and Pork Meat Sales by 50% in First Two Quarters

July 24, 2013

The Cherkizovo Group’s total sales volume in the poultry division in the first half of 2013 grew by 4%, to nearly 165,114 tons of sellable weight, compared to 158,345 tons in the same period last year, the company said. 

Sales in the pork division in the January-June period jumped by 50%, or 1.5 times, to nearly 70,078 tons, compared to 46,764 tons a year earlier. 

During the reported period, sales in the meat processing division rose by 2%, to approximately 63,226 tons, compared to 62,105 tons for the same period last year. 

In the first half of the year, sales in the grain division were 12,149 tons of various crops; this was 43% less than the same period of 2012, which posted sales of 21,193 tons. The volume decrease resulted from selling the bulk of harvest for 2012 at the end of that year due to more advantageous market conditions. In the first and second quarters of 2013, there were shipments that had been contracted for in late 2012. 

Cherkizovo Group is one of the top three companies serving Russia's poultry, pork, and meat processing markets. The company is also Russia's largest producer of fodder.  

The Group includes 7 full-cycle poultry production facilities, with a total capacity of 400,000 tons live weight p.a.; 14 pork production facilities with a total capacity of 180,000 tons live weight p.a.; 6 meat processing plants; 6 fodder plants; grain storage facilities with a total storage capacity of 500,000 tons; and a land bank exceeding 100,000 hectares. In 2012, Cherkizovo produced more than half a million tons of meat and processed meat products. 

The company’s consolidated revenue in 2012 exceeded $1.5 billion, and its net profits amounted to $225 million. 

Over the last 5 years, the group has invested more than $1 billion into the development of the domestic agro-industrial sector.