April 25, 2008
Agroholding Pulkovsky to invest US$750 million in pig farms
Russia's Agroholding Pulkosky, part of the Pulkosky group of companies, is planning to invest US$750 million by 2013 for the construction of pig farms in the Northwest Federal District, according to Ivan Kara, the group's president, on Thursday.
The company plans to build pig farms in the regions of Leningrad and Novgorod. The facilities would occupy a total area of 25,000 hectares, and would employ about 2,000 workers.
The project will be financed mainly with bank loans, but Kara expects the investments to be recovered within eight years.
Agroholding Pulkovsky is a meat importer and distributor, and it operates two distribution centres located in Moscow and St. Petersburg.