February 25, 2010

Russian Pork Group to take out US$100 million loan from Rosselkhozbank

Russian Pork Group will take out a RUB3 billion (US$100 million) loan from the Rostov Region branch of Russian Agricultural Bank (Rosselkhozbank) in 2010.

The loan will finance the construction of a second stage of the slaughtering facility and a selection centre in the Rostov Region.

Russian Pork Group, a part of Russian Agro-Industry Trust, operates pig farms for 100,000 pigs in the Rostov Region, and a feedmill plant. It is also building a farm for 100,000 pigs in the same region.