February 22, 2012
Miratorg to invest US$335 million in pig breeding complexes
To be able to finance the construction of 10 pig breeding complexes in the Kursk Region in 2012-18, Russia's Miratorg plans to invest about RUB10 billion (US$335.9 million), the press office of the regional government reported Tuesday (Feb 21).
Miratorg is currently building four pig breeding complexes in the region worth a total of RUB7 billion (US$235.2 million). The complexes are expected to produce over 50,000 tonnes of pork annually.
Miratorg is Russia's largest pork producer, with a 7.7% of market share in 2011. The company also focuses on the production of grain, semi-finished meat products, and frozen vegetables.
