FDBusiness.com

Cherkizovo Group, the largest vertically integrated meat and feed producer in Russia, has announced plans to construct turkey fattening sites in Lipetsk region. The construction of three turkey-fattening sites will require 1,000 ha of land. Investment in the project will amount to RUB1.7 billion (€24 million). In total, more than 30 jobs will be created at the fattening sites.

The project is slated for completion in 2018-2019. The new turkey-fattening sites will be located within 50 km of the poultry-processing complex in the Tambov region, which is very convenient in terms of logistics and production efficiency.

“We have been working in Lipetsk region for more than ten years, being the major investor in agriculture in the region and we intend to develop close cooperation,” says Igor Babaev, founder of Cherkizovo Group. “And the group’s most important investment projects are now in Lipetsk region. It is our driver. First on the list is turkey, several poultry facilities, including the construction of rearing and parent stock facilities (RUB3.5 billion) along with pork facilities. We are ready to start investments immediately; all that remains is to settle outstanding questions regarding land. And, according to our estimates, total planned investments in the region will amount to RUB20 billion over the next several years, not counting the turkey projects.”

New pork weaning and fattening sites are already under construction is the region – the first two have been commissioned while the third one will be ready in August, with the remaining four planned for year-end. Additionally, the potential construction of a pork slaughterhouse with installed capacity of 600 heads per hour, representing a capital investment of up to RUB8 billion, is under consideration. Construction of the slaughterhouse is directly linked to the expansion of the pork production in the region, and requires the construction of railways and a feed mill.