March 19, 2013

Russia's Poultry Akashevskaya to expand facility

In order to expand its facility in the Mari El Republic, the Russian Agricultural Bank has agreed to loan US$350 million to Poultry Akashevskaya.

The project, which is scheduled to begin in late 2013, will consist of a new meat processing plant and 16 poultry houses to grow broilers. It is expected to more than double its current capacity to 180,000 tonnes.

The bank has loaned more credit facilities of more than US$500 million since the project began in 2005.