bool(true)
Ru

Russian meat firm Cherkizovo sees growth from 2010

02 february 2010
alt image

Russian meat firm Cherkizovo said on Tuesday it expected a rise in total production in 2010 and a "significantly higher" output of its poultry in 2011 as a result of upgrades and a favourable market. 

"The group expects the pricing environment for our products to remain positive driven by a decrease in imports and growing domestic demand," Cherkizovo Chief Executive Officer Sergei Mikhailov said in a statement. 

"The management is confident that the group will continue to focus on providing efficiency increases and delivering against our strategy." 

Cherkizovo said it continued investing in production growth last year, concentrating on large-scale projects in the poultry division with the aim of increasing capacity. It also invested in its pork division, set to reach full capacity in 2010. 

It said its poultry meat sales in 2009 declined by just 2 percent to 184,300 tonnes, while the pork segment sales increased by a hefty 38 percent to 53,000 tonnes. 

Processed meat sales, however, fell 10 percent to 130,000 tonnes due to lower consumption due to the crisis. 

Russia aims to become self-sufficient in pork and poultry meat, Cherkizovo's main products, in the next few years and for this purpose has cut import tariff quotas for 2010-2012. [ID:nLDE5BK0BA] 

Russia has also effectively halted poultry imports from top supplier the United States when it banned meat treated with chlorine from Jan. 19 [ID:nLDE60K1AZ] and curtailed U.S. pork imports citing the presence of an antibiotic. [ID:n10144925] 

Cherkizovo sold its products at stable or higher prices in rouble terms in 2009, although depreciation of the Russian currency led to a decline in dollar prices. 

"The management of the group is satisfied with the company's overall performance and anticipates that the group will report strong 2009 results, reflecting the impact of favourable rouble pricing, and continued sales momentum for our products," Mikhailov said.  

Back to the news list

Other news

image
Kurinoe Tsarstvo Bryansk steps up production by 17% in 2023
alt
28 february 2024

Kurinoe Tsarstvo Bryansk steps up production by 17% in 2023

Kurinoe Tsarstvo Bryansk, a part of Cherkizovo Group, manufactured 102,000 tonnes of broiler meat products in 2023, a 17% increase year-on-year. The growth comes from the reconstruction of production facilities.
Cherkizovo Group discusses halal export development at Gulfood
alt
26 february 2024

Cherkizovo Group discusses halal export development at Gulfood

Dubai, U.A.E. — February 26 — Cherkizovo Group, Russia’s largest meat producer, has unveiled an updated range of its halal products for overseas markets at the Gulfood 2024 International Exhibition. As part of the business program, the Company held meetings with existing and potential trade partners from the Middle East, one of Cherkizovo’s key export destinations.
Cherkizovo notches 21 gold medals at Prodexpo 2024
alt
16 february 2024

Cherkizovo notches 21 gold medals at Prodexpo 2024

Cherkizovo Group, Russia’s largest meat producer, took part in the Prodexpo 2024 international exhibition where its Petelinka, Cherkizovo, Cherkizovo Premium and Latifa brands won 21 gold medals.
Cherkizovo Group to establish an industry department at Skryabin Moscow State Academy of Veterinary Medicine and Biotechnology
alt
12 february 2024

Cherkizovo Group to establish an industry department at Skryabin Moscow State Academy of Veterinary Medicine and Biotechnology

Cherkizovo Group, Russia’s largest meat producer, has agreed to establish an industry department at Skryabin Moscow State Academy of Veterinary Medicine and Biotechnology.

We use cookies to make our website work better.

By staying on this website, you agree to our use of cookies.