May 24, 2006

Russia's Cherkizovo to invest US$132 million in pork production

Russian meat processor Cherkizovo Group plans to invest US$132 million in its pork production facilities this year, it said in a document obtained by Prime-Tass Tuesday (May 23).

Next year Cherkizovo plans to invest US$107 million in its pork production facilities, the company said.

Additionally, Cherkizovo plans to invest US$20 million in its poultry production facilities this year, the company said.

Cherkizovo Group is one of the largest meat processors in Russia and controls Cherkizovsky Agroindustrial Complex, which in turn holds stakes in Cherkizovsky Meat Processing Plant, Belmyaso, the Penza Meat and Poultry Factory and the Ulyanovsk Meat Factory.