RU

23 January 2023

Cherkizovo Group exported over 100,000 tonnes of products in 2022

Moscow, Russia — January 23 – Cherkizovo Group, Russia’s largest meat producer, increased its international shipments by close to 25 % in volume terms in 2022. In Russian rubles, exports were up by more than 40 % as the Company diversified its portfolio to increase the share of high value-added products.

29 December 2022

Cherkizovo Group provides more than 3,000 holiday gifts for children

Moscow, Russia — December 29 – Cherkizovo Group, Russia’s largest meat producer, has prepared for the upcoming holiday season by providing gift sets for children in need. In addition, Company employees have collected toys for the Podari Zhizn charity foundation.

23 December 2022

National indexes of meat supply (IMS), November 2022

Cherkizovo Group publishes industrial meat supply indexes for November 2022. The indexes describe dynamics of meat supply — poultry, pork and beef — in Russia.

Cherkizovo targets Voronezh region for expansion

July 17, 2017

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Over the next decade, Cherkizovo Group is to target the Voronezh oblast in the west of the central belt of European Russia for further expansion.

The firm has already established a strong base in the region, but top priority now for Russia’s largest vertically integrated meat and feed producer is to acquire more land in order to increase its crop production to the levels it achieves in neighboring regions.

Already Voronezh’s largest poultry producer since acquiring Lisko Broiler in 2014, Cherkizovo has announced new plans to build a further 32 poultry houses in the region. Together with the expansion of the slaughterhouse, the cost of the investment will be two billion rubles (RUB; US$33 million).

When fully operational by 2018, the company’s poultry meat output in the region will increase 20 percent from the current 110,000 metric tons per year to 130,000 metric tons.

These announcements were made at a meeting between the founder of Cherkizovo Group, Igor Babaev, and Aleksey Gordeev, the governor of the Voronezh region. Also discussed were other investment projects in pork and feed production, as well as a control program for African Swine Fever.

Cherkizovo reviews its capital markets strategy

Cherkizovo Group is currently reviewing its capital markets strategy, including different ways to increase the free-float, stock liquidity and ensure sustained growth in shareholder value, according to Sergey Mikhailov, CEO of Cherkizovo Group.

It has been announced this week that the controlling shareholder of Cherkizovo Group, together with its affiliates, have reached agreement to acquire approximately 21 percent of the Group's ordinary shares and global depositary receipts (GDRs) from funds and portfolios managed by Prosperity Capital Management. At a price of RUB1,300 per ordinary share, the total amounts to around RUB12 billion (US$198 million).