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Cherkizovo and Grupo Fuertes Launch Turkey Meat Joint Venture
The companies are investing RUB 4.5 billion (EUR 115 million) in the new plant, which is due to be operational in 2014 and up to full capacity in 2015.
The meat complex will be on a 5000 ha site in the Tambov region of Russia. Its annual capacity is expected to be 25–30,000 tonnes of turkey meat, which may increase to 50 000 tonnes in the medium term.
Once achieved, this would make Cherkizovo the market leader in the fast-growing Russian turkey meat market.
Sergey Mikhailov, Cherkizovo’s CEO, said: "Cherkizovo is already the largest agro industrial group in Russia, and by launching this new project with Grupo Fuertes, we will further strengthen our leading positions and provide customers with a new high quality and healthy meat product. Consumption of turkey has shown significant growth in Russia and we expect to soon be among the largest turkey suppliers in the country."
The project will be financed from Cherkizovo and Grupo Fuertes’s existing funds, and through bank loans
Expert RA upgrades Cherkizovo Group’s rating to ruAA-
01 june 2023
Expert RA upgrades Cherkizovo Group’s rating to ruAA-
Cherkizovo Group (MOEX: GCHE), Russia’s largest meat producer, announces that Expert RA has upgraded its credit rating to ruAA- and revised its outlook from positive to stable.
Cherkizovo Group and Smenka complete renovation of school canteens in Russian regions
29 may 2023
Cherkizovo Group and Smenka complete renovation of school canteens in Russian regions
Cherkizovo Group and Smenka, a social initiative and YouTube show, have successfully completed a joint project to renovate school canteens. As a result of this collaboration, three canteens (two in the Penza Region and one in the Altai Territory) got a modern makeover, with schoolchildren now having an opportunity to eat in comfortable facilities and develop healthy eating habits.
Crystal Cherkizovo played volleyball game with kids from UNITY foundation
25 may 2023
Crystal Cherkizovo played volleyball game with kids from UNITY foundation
Crystal Cherkizovo, a volleyball club whose main sponsor is Cherkizovo Group, met children with cancer supported by the UNITY charity foundation to talk about the history of volleyball and play an exhibition game.
Cherkizovo Group unveils prospects for halal product exports
23 may 2023
Cherkizovo Group unveils prospects for halal product exports
Cherkizovo Group, Russia's largest meat producer, took part in the business program of the Russia – Islamic World: KazanForum, the key platform for economic cooperation between Russia and Muslim countries. The Company shared its vision of opportunities to expand halal product exports to the CIS and beyond.
