Cherkizovo to invest RUB 10 billion in business development in 2018
20 August 2018
Cherkizovo Group, Russia‘s leading meat producer, intends to invest RUB 10 billion in the further development of a robotic meat processing plant in the Moscow region as well as in building pig farms in the Penza region of Russia this year. The company has lately announced the launch of an innovative pig farm with a biosecurity control system worth RUB 550 million in the Penza region. Three new pig farms are to be built by 2019. According to the chief executive officer of Cherkizovo Sergei Mikhailov, the Group plans to increase its pork production in the Penza region up to 300,000 tonnes in live weight per year. The Group’s processing plant that was launched in July 2018 in the Moscow region is expected to produce up to 30,000 tonnes of smoked sausages per year.