Cherkizovo Group, the largest vertically integrated meat producer in Russia, is planning to invest more than $150 million in new pig farms and a feed mill expansion to increase its annual pork capacity by more than 45,000 metric tons of meat.
The further development includes a project to create new modern pig farms in the Pervomaysky District. Cherkizovo is planning to build four finisher sites, each capable of accommodating 40,000 pigs.
The construction of pig farms and the feed mill ramp-up will help create 200 new jobs in the Tambov Region, the company said in a release.
“In the next few years, Cherkizovo plans to significantly increase its meat processing volumes, which means that we are going to need additional pig farms. For their construction, we have opted for the Tambov Region thanks to its sound investment climate and many years of successful projects in pork, poultry, crop, and feed production,” Sergey Mikhailov, CEO of Cherkizovo Group, explained in a release.
Cherkizovo has invested more than $181 million in the Tambov region since 2013, with the company’s local production sites now employing around 2,500 workers. The company’s revenue approached $1.9 billion in 2021.
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