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Cherkizovo Group invests 500 mln roubles in renovation of the processed meat product facility at its flagship Cherkizovsky Meat Processing Plant
Cherkizovo Group invests 500 mln roubles in renovation of the processed meat product facility at its flagship Cherkizovsky Meat Processing Plant said in the company statement.
When the renovations are completed, the new facility will have a capacity of 1,500 tonnes per month or 50 tonnes per day.
“Increasing output and expanding the range of processed meat products is a strategic decision”, says Alexander Kostikov, Head of Communications and Investor Relations of Cherkizovo Group. “The market for chilled meat products is very promising today, so we have started the renovations in an effort to meet the steadily growing demand for high-quality domestic meat products. The new line will produce processed meats under our popular Cherkizovsky brand, which includes ground meat, sausages, rib steaks and stewing meat. Production will start by summer, and the processed meat product facility will reach full capacity by the end of this year.”
OJSC Cherkizovo Group is one of the top three companies serving Russia’s poultry, pork and meat processing markets. The company is also Russia’s largest producer of fodder.
In 2012, Cherkizovo produced more than half a million tons of meat and processed meat products. Within the last five years alone, Cherkizovo has invested more than USD 1 billion into the development of Russia’s agriculture sector. In addition to existing production facilities, the Group is also investing in a 20 billion rouble hi-technology agro-industrial production complex in Elets, Lipetsk region.
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.
