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Cherkizovo records "strong" H1.
Russian meat processor Cherkizovo said it performed "strongly" across all segments of the business in the first half as demand for domestic meat increased.
In a trading update today (11 August), Cherkizovo said total sales volumes in its poultry division increased 8% to around 99,860 tonnes. Prices increased by 5% in dollar terms to US$2.30 per kg.
In the firm's pork division, first-half sales volumes rose 75% to around 37,160 tonnes, while prices climbed 5% to $2.40 per kg.
The company said it witnessed recovery in demand for its meat division’s products. Sales volumes in the segment increased 8% to 66,200 tonnes and prices reached $3.81 per kg, a 13% increase on the prior year.
Sergey Mikhailov, CEO of Cherkizovo, said: "In the first half of 2010 Cherkizovo performed strongly across all segments, reflecting the increased demand for our products, primarily driven by the decrease in imports and subsequent demand for high quality domestic meat.
"To date, the adverse weather conditions and fires in Central Russia, have not affected any of Cherkizovo’s poultry or pork farms. Accordingly, we expect to achieve targeted levels of production for 2010," he added.
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.
