Agroeco to increase production 1.7 times
19 December 2018
Agroeco, a Russia-based agroholding, intends to invest RUB 62 billion ($ 933 million) in pig-breeding farms in the Voronezh region of Russia by 2022. As of today, the holding’s value of investment in the region already amounts to more than RUB 22 billion ($ 331 million). Agroeco’s investment plan includes launching of a pig breeding cluster and a feed mill. The designed capacity of the feed mill is 120,000 tonnes. Also, the company plans to invest in the construction of six new pig farms and a processing plant with a capacity of 2.5 million pigs per year.
In addition to the project in the Voronezh region, Agroeco is implementing a RUB 10 billion ($ 150 million)-worth investment in a pork production facility in the Tula region of Russia. After reaching its full capacity, the facility will produce up to 60,000 tonnes of pork per year in the Tula region.
In the future, Agroeco plans to enter the top 5 largest pork producers in Russia. In 2017, the company’s production of pork amounted to 90,000 tonnes live weight, which constitutes 2.4% of the total pork production in Russia. This year, production will increase to 150,000 tonnes.