March 29, 2012
Investment in the project, which is being managed by an SPV, Agroproduct, is estimated at around RUB5.8 billion (US$196.1 million).
Rusplemptitsa will soon sign an investment agreement with the Vladimir Region government.
The company is currently arranging a long-term lease on a 110 hectares (272 acres) property. The new plant's eight modules, which should meet European standards, will be built at distances of three kilometres (two miles) from one another.
The plant will grow 28 million heads of livestock annually and produce 35,000 tonnes of meat. It will include a combined fodder facility, producing 15,000 tonnes of fodder a month, a slaughter house and a food processing unit.