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Russia: Cherkizovo Completes Acquisition of Two Pork Farms
OJSC Cherkizovo Group has today announced the completion of the acquisition of two greenfield pork farms in the Penza and Lipetsk regions of Central Russia.
The company said the total cost of the transaction was USD100 million, of which approximately USD19.2 million was paid in cash.
Sergey Mikhailov, CEO of Cherkizovo Group, said: "We continue to deliver on our strategy of prioritizing the development of the Group's Pork business. The aggressive growth of this business demonstrates our effort to further enhance our leading position in the still highly fragmented Russian pork market, and we are delighted to have acquired these sites. Going forward, Cherkizovo will continue to lead the consolidation and development of the Russian meat sector."
The company said: “ It is expected that, in the current year, production at the new sites will be approximately 50% of their full capacity. The complexes are expected to reach their full combined capacity of 25,000 live-weight tonnes in 2012, resulting in an increase of almost 30% in Cherkizovo Group's pork production compared to 2009.”
Furthermore, together with the recently announced Greenfield construction of 3 new complexes in Tambov, Voronezh and Lipetsk with a combined capacity of 37,500 live-weight tonnes, overall production by Cherkizovo Group in the pork segment is expected to increase approximately 180% compared to 2009 levels and reach approximately 153,000 live-weight tonnes in 2013.
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.
