April 21, 2011

Investing firm to fund pig farm construction in Russia's Bashkiria

JSC Razgulay intends to invest RUB10-12 billion (US$356.23-$427.47 billion) in the construction of the pig mega-farm in Bashkortostan.

This question as well as the question concerning modernisation of sugar production in the region was under discussion at the meeting of the President RB Rustem Khamitov with the President of JSC Razgulay Rustem Mirgalimov.

"We examine the variant on construction of the pig farm in the Republic, meant for 400,000-500,000 pigs, and this project presumes not only pigs growing but meat processing as well. The overall amount of investments is expected to be at the rate of RUB10-12 billion (US$356.23-$427.47 billion)," said Rustem Mirgalimov.

If the project is approved, the investors are ready to start developing it already in spring 2012.