April 4, 2007

Agrika Foods to invest US$156 million in 2007-08
 

Russian food-processing company Agrika Foods has announced that it will invest US$77 million and US$79 million in 2007 and 2008 respectively to upgrade and acquire meat and poultry processing companies.

The company has processing operations in the Tver and Chuvash Republic regions, with sales of 4.7 billion rubles (about US$180.693 million) in Q1-Q3 2006. This year, Agrika Foods expects its revenue to register 9.9 billion rubles.