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All news / Miratorg plans to invest $77 million in a new feed mill

  • 14 May 2018, 12:18

 Miratorg, Russia’s biggest feed and meat producer, has announced its plans to invest nearly 4.8 billion rubles (77 million dollars) in building a high-tech fodder plant in the Oryol region by the end of 2019.

 According to a statement released by the Russian company, the new feed mill will have a production capacity of 800 thousand tons of mixed fodder per year.

Miratorg says the Oryol region has great business potential and is key to develop its interregional project for doubling its pig-breeding capacities. In the future, Miratorg plans to have 17 pig farms in this region, a grain company Elevator group, and also asset processing of plant raw material – feedmill, which will provide feed to the pig site.

Construction at the feed mill is expected to commence in the third quarter of 2018. The new facility will be located in Kromskogo area and will have a capacity 1.5 times bigger than the production capacity of Miratorg’s largest feed mill.

"The construction of a new feed mill is part of a large-scale project that will have major socio-economic importance for the region. The new facility in Kromskom area will create about 160 new jobs in rural areas, provide additional tax revenues to the local budget, as well as expand the tax base of the consolidated budget of the region. All in all, the project of doubling of the pig breeding division, realized on the territory of the Oryol region, it is planned to provide jobs for more than 1,000 people," the company’s statement read.


Source: Miratorg