March 15, 2007

Russia's Stavropol Broiler sees revenue increase of 7.8 percent

Russian poultry producer Stavropol Broiler saw income rise by US$6 million last year to US$77 million compared to 2005.

The poultry company, which is part of the Agros group, saw a 12 percent rise in production to 42,000 tonnes in 2006.

Despite the drop in poultry sales due to bird flu fears, the company has achieved its yearly objective and kept its market share, said Michael Dokoukin, director general of Stavropol Broiler.

Its chilled meat sales also had spectacular growth of 33 percent.

The company is now closer to its goal of producing 80,000 tonnes of poultry annually by 2010 and hopes to increase sales by 18 percent in 2007 and by 11 percent in 2009-2010.

To achieve those targets, Stavropol Broiler said it would continue to implement its US$115 million investment programme.

In 2006, the company invested US$7 million into modernization and this year it plans to invest an additional US$28 million.