August 3, 2012

Russia's Miratorg plans to increase pork production by 67% on year to 280,900 tonnes in 2012.

In 2011, the company raised pork production 24% on year to 168,400 tonnes in live weight, which is 8.1% of the Russian pork market.

Miratorg plans to invest RUB20 billion (US$613 million) into the construction of four pig farms in the Kursk Region, with a total capacity of 20,000 sows.

The company is also to increase its meat processing plant's capacity to three million heads a year in 2012.

Miratorg plans to invest in beef and poultry production in the Bryansk Region.

"Thanks to the new projects' implementation, the holding plans to become the first Russian producer of three types of core meat, including pork, beef and poultry," the company said.

The volume of investments is to exceed RUB100 billion (US$3.1 billion) by the end of 2013.