Cherkizovo Group began construction this week of a new poultry plant estimated to cost 19.5 billion rubles ($696 million).
The plant will start operating in 2013 and reach its full capacity by the end of 2015, Cherkizovo said.
Gazprombank provided a 10-year loan that covers 80 percent of the project’s cost. The factory is in the town of Yelets in the Lipetsk region. The facility will produce more than 500,000 tons of poultry a year by live weight. That equates to almost 13 percent of Russian poultry output last year, according to the State Statistics Service. Annual production of poultry meat is planned to exceed 200,000 tons.
Cherkizovo Group’s chicken and turkey products have once again been awarded the annual Product of the Year title, with flagship brands Petelinka and Pava-Pava winning two categories of the award.
Cherkizovo Group, Russia's largest meat producer, is taking part in Our Brand, an international food festival in Ufa. The Company showcased its products during a tasting session at its stand.
Cherkizovo Group, Russia's largest meat producer, continues to expand its turkey product line under Pava-Pava, one of its flagship brands. This fall, the Company has launched sales of spiced turkey filet, a perfect choice for holiday dinners.
Cherkizovo Group, Russia’s largest meat producer, has once again been praised for the high quality of its products, with the Petelinka, Cherkizovo, and Pava-Pava brands winning two gold and three silver medals at Quality Guarantee 2023.