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Cherkizovo group acquires meat-processing complex in Kaliningrad region
The Cherkizovo meat and meat-products group has acquired the Kaliningrad-based meat-processing combine Otechestvenny Produkt for $4.1 million in a deal completed September 15, Chekizovo said in a statement.
The price tag in rubles comes to about 125 million, of which 73.6 million rubles will be paid in cash. The group is also taking on the company's debts, which at the time of purchase stood at 51.4 million rubles ($1.7 million). Cherkizovo plans to put some $2.5 million into re-profiling the outfit into focusing on producing smoked meat products, ham, and boiled sausages.
The complex is located in a free economic zone in the town of Pravdinsk that has customs preferences that make selling product with high added-value in the European part of Russia advantageous, the statement says.
Cherkizovo Group, which was formed in 2005, includes seven meat- processing companies in the Moscow region, Penza, Ulyanovsk, Belgorod and Rostov regions and Krasnodar territory, four hog complexes, two poultry farms and a feed plant. The company raised $251 million with an IPO in London in May 2006. The company is controlled by Igor Babaev and members of his family.
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.
Cherkizovo Group reaffirms its leadership in Russia’s meat market
10 may 2023
Cherkizovo Group reaffirms its leadership in Russia’s meat market
Cherkizovo Group (Petelinka and Pava-Pava brands) for the eighth time topped the list of country’s largest meat producers in an annual ranking put together by Agroinvestor, a leading industry publication. In 2022, the Company accounted for around 8% of meat output in Russia.
Cherkizovo Group speeds up product delivery to China
28 april 2023
Cherkizovo Group speeds up product delivery to China
Cherkizovo Group, Russia’s largest meat producer, this week has made its first shipment of chicken products to China in refrigerated rail containers. This route will be an alternative to sea shipping, enabling the Company to deliver its products to Chinese customers three times faster, in 15 days instead of 45.
