February 25, 2013
Siberian Agrarian Group to build US$181-million pig complex
Siberian Agrarian Group will commence construction of a new RUB5.5 billion (US$181 million) pig complex in Russia's Krasnoyarsk region in March.
This is according to Siberian Agrarian Group's General Director Andrei Tyutyushev.
The production capacity of the full cycle plant will reach 216,000 pigs, 18,200 tonnes of pork in carcass weight, and 24.800 tonnes of pork in live weight.
"I hope that we will reach the projected capacity in 2.5 years...The Krasnoyarsk Region is a prospective area for animal breeding, they traditionally grow feed grain there," Tyutyushev said.
Earlier on Friday (Feb 15), The company signed an agreement to borrow RUB4.386 billion (US$145 million) for eight years from the country's largest bank, Sberbank earlier in mid-February.
