Cherkizovo Group Building New Meat Processing Plant in Russia
Cherkizovo Group, the largest vertically integrated meat and feed producer in Russia, has commenced construction of a new meat processing plant in the Kashira district of the Moscow region. When completed, this new plant will be the largest of its kind in Europe.
With total investment into the project expected to reach RUB6 billion (€88 million), this will be the largest food industry investment in the Moscow region.
The 80 tons per day production capacity of this new facility outstrips that of any other meat processing plant in Europe. It will be fitted with state-of-the-art equipment to ensure the highest quality and biosafety of the end products. Energy-efficient technologies will also be implemented as the sausage production process will be fully automated using raw materials from the Group’s other segments.
Upon completion, the plant will employ 150 people and Cherkizovo Group expects to pay additional taxes of over RUB3 billion to the region over the next five years.
The Kashira meat processing plant marks the company’s next step to further expand its presence in the Moscow region, which is one of the most attractive places to do business in Russia. Cherkizovo Group is currently the largest poultry producer in the region and its Mosselprom and Petelino poultry production facilities, as well as its Ozherelye feed mill, are all located in the region. The proup currently employs a total of 6,000 people in the Moscow region.
Cherkizovo Group is one of the top three companies serving Russia’s meat processing market and manufactures a wide selection of high-quality meat products. Cherkizovo Group has been a public company since 2006. Its shares are traded on the Moscow Exchange, and its Global Depository Receipts (GDR) are traded on the London Stock Exchange (LSE). The family of Igor Babaev, the founder of Cherkizovo Group, controls 65% of the company’s equity.
