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November 1, 2011

 

Cherkizovo's poultry sales up 26%

 

 

Russian Cherkizovo Group's poultry sales rose 26% on year to 185,620 tonnes during the first nine months of this year, the company said Monday (Oct 31).

 

Cherkizovo Group's pork sales rose 7% on year to 65,800 tonnes of live weight in January–September. The group's processed meat sales were up 5% on year to 108,420 tonnes in this period.

 

The company attributed the growth in poultry sales to increased output from the company's facilities located in the Bryansk Region and its unit, Mosselprom, which the group acquired in May.

 

The following is the average sale prices of poultry, pork, and processed meat, excluding value-added tax (VAT), in January–September. Poultry at RUB72.4 (US$2.39) per kilogramme rose 3% on year; pork at RUB78.9 (US$2.60) per kilogramme rose 9% on year and processed meat at RUB130.6 (US$4.30) per kilogramme rose 13% on year.

 

Furthermore, Cherkizovo Group's management expects to post good financial results for January–September, the group's General Director Sergei Mikhailov said as cited in the statement. No exact figures were provided.

 

Cherkizovo Group is one of Russia's largest meat processors. At present, the group comprises seven meat processing plants, four poultry producing complexes, two poultry processing plants, seven pig farms, two feed stuff plants, as well as two trading houses.

 

Also, the group is currently involved in the construction of three pig farms and has launched the construction of a poultry producing and processing facility worth RUB19.5 billion (US$643 million).

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