Russian Meat Processing Company invests £86.5 million - 27 June 2012
The Russian meat processing company Cherkizovo have acquired a number of new agricultural facilities in Central Russia.
The facilities together have a value of £86.5 million and include: a swine nucleus unit; grain storage facilities; and an active land bank.
The swine nucleus unit has capacity for 400 sows, 1,000 nursery pigs and 6,700 finishers. The grain storage facility has a capacity of 150,000 tonnes with an additional grain elevator also acquired with the potential for capacity of 90,000 tonnes, while the land bank is around 30,000 hectares.
The new investments are set to improve the vertical integration of the supply chain according to the company's CEO.
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