Cherkizovo to invest almost $3.7 million in Altaisky Broiler
Last December, the Group announced the acquisition of Altaisky Broiler for RUB 4.6 bn ($69 million).
Altaisky Broiler is also among the largest poultry producing companies in the Siberian Federal District, with a yearly output of 67 thousand tons (live weight) of poultry products (58 thousand tons of finished products). Altaisky Broiler has a hatchery, a feed mill, four fattening sites, a slaughterhouse, and a meat packing plant in Biysk. The Siberian company offers around 100 chilled and frozen poultry products.
The Group plans to use Altaisky Broiler as the foundation for its own distribution system in the Siberian Federal District. Cherkizovo sells under the Altaisky Broiler brand but will introduce other poultry brands, such as Petelinka, at the plant going forward.
"To produce premium brands, Altaisky Broiler will need to give a major upgrade to its biosafety system, to ensure its compliance with group-wide standards. The first stage will see some RUB 20 m worth of investments, with RUB 55 m and RUB 180 m to be spent on warehouse logistics and upgrading the cut up facilities, respectively," Cherkizovo's statement read.
Farmers oppose the agreement between the European Union the Mercosur bloc that includes Brazil, A...
"The flock figure of around 8.7 million recorded for the last two years is the lowest level since...
The Food and Agriculture Organization of the United Nations (FAO) launched its 2024 Statisti...
