Since the end of 2019, Rusagro Group has launched a project to increase the capacity of a meat factory in the Tambov Region. In the fourth quarter of 2019, the company has already invested 1.4 billion rubles in the project. The total investment will amount to 2 billion rubles, Kommersant writes with reference to the company's annual report. According to Rusagro, slaughter productivity should increase by a third. Earlier, the company talked about increasing the capacity of the slaughter of Tambov Bacon LLC from 4.5 to 7.2 thousand heads per day, and the deboning line from 3.5 to 4.75 thousand heads per day. At the same time, new pig farms of the group are. Read more...
Cognitive Pilot today announced what it claimed is “the world’s largest autonomous driving project for agricultural machinery” with Rusagro Group LLC. The companies plan to test Cognitive Agro Pilot, a Level 3 autonomous driving system for combine harvesters, tractors, and sprayers. Cognitive Agro Pilot will be installed in 242 Rusagro combine harvesters. Source: Cognitive Pilot Cognitive Pilot today announced what it claimed is “the world’s largest autonomous driving project for agricultural machinery” with Rusagro Group LLC. The companies plan to test Cognitive Agro Pilot, a Level 3 autonomous driving system for. Read more...
Overproduction of pork in Russia this year is estimated at 150-200 thousand tons, said the General Director “Rusagro” Maxim Basov on the conference call. The main promising markets for Russian pork are Belarus, Hong Kong and Vietnam, but to take out the entire amount of open export routes is not enough. The alternative is to sell more to Russian consumers, but you need to make an interesting proposal, including the expense of marketing and prices, said Bass. To predict when the Russian pork will open the Chinese market, he does not undertake because it is “completely political” question. “Only XI Jinping and Vladimir Putin know it will be made or. Read more...
In June, RDIF’s CEO Kirill Dmitriev said that the Fund was interested in entering Rusagro’s capital, particularly due to the possibility of boosting Russian agriculture exports to China Rusagro does not rule out that the Russia-China Investment Fund (or RCIF, set up by Russian Direct Investment Fund (RDIF) and China Investment Corporation) will become its partner on a project in China, Chief Executive Officer of the Russian agricultural holding company told TASS during the Eastern Economic Forum. "Currently we are considering whether it is reasonable to invest in China. The Russia-China Investment Fund will probably be one of co-investors of. Read more...
Russian farming conglomerate Rusagro said on Wednesday it has bought a 22.5% stake in local competitor Agro-Belogorie, raising speculation this is a first step to taking a controlling stake to become the country’s largest pork producer. Rusagro and Agro-Belogorie are among the five largest pork producers with similar production capacity in Russia, which has seen consolidation in the meat industry in recent years. “This deal is definitely a way to gaining control, otherwise Rusagro would not have done it,” a banking source told Reuters. Rusagro did not disclose the terms of the deal and a spokeswoman declined to comment. Privately owned. Read more...
RusAgro will invest RUB12 billion (US$220m) in poultry production in Primorsk Krai, in Russia’s Far East region, according to the. Read more...
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