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Cherkizovo: New production target

31 May 2019

• 31 May 11:42

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Russian meat giant Cherkizovo has said it plans to produce 1.1 mill. t of meat in live weight in 2019, 19% up on the previous year.This way the company would become the first meat manufacturer in the post-Soviet era with a production performance exceeding one million t. Photo: Cherkizovo The main growth in production is expected in its broiler meat segment, where it planned to increase output from 626,000 t in 2018 to 769,000 t in 2019. This should be achievable, given Cherkizovo's recent acquisitions of Altai Broiler and Belaya Ptitsa Kursk. Cherkizovo purchased Altai Broiler for $80 mill. and Belaya Ptitsa Kursk for $100 mill., with both deals. Read more...