You searched for "cherkizovo" (10 results found)

Cherkizovo's livestock inventory insured for $120 million

  • 4 Jun 08:54

Cherkizovo's livestock inventory insured for $120 million Cherkizovo Group insured over 15 million heads of poultry and 1 million pigs at RSHB Insurance. Cherkizovo's livestock inventory is estimated at $120 million according to the insurance signed by RSHB Insurance. The company decided to protect itself from any unforeseen event and insured over 15 million heads of poultry and 1 million pigs. RSHB Insurance is part of the Russian Agricultural Bank Group. Based on the data of the Bank of Russia, the company ranked first in Russia’s agricultural insurance in 2018. The poultry of Lisko Broiler, Chicken Kingdom, Altaisky Broiler and Cherkizovo-Pork pigs in the Voronezh, Lipetsk, Orel, Penza, and Tambov regions as well. Read more...

Cherkizovo increases sales of pork and chicken meat

  • 23 Apr 10:34

Cherkizovo increases sales of pork and chicken meat The first quarter operating results show higher volumes for pork and chicken and increased value for turkey products.In the first three months of this year, Cherkizovo increased the volume of sales for pork and chicken meat and added value to most of its turkey products, according to a press release from the company. In the pork sector, production and sales increased by 18% and 20% respectively, compared to the first quarter of 2018. Prices gained 9% compared to 1Q18 supported by overall protein demand. A similar situation is for the chicken, with 151,600 tonnes of meat delivered in the market in the first three months of the year, up by 10% compared to. Read more...

Cherkizovo increases sales of pork and chicken meat

  • 18 Apr 09:34

Cherkizovo increases sales of pork and chicken meat In the first three months of this year, Cherkizovo increased the volume of sales for pork and chicken meat and added value to most of its turkey products, according to a press release from the company. In the pork sector, production and sales increased by 18% and 20% respectively, compared to the first quarter of 2018. Prices gained 9% compared to 1Q18 supported by overall protein demand. A similar situation is for the chicken, with 151,600 tonnes of meat delivered in the market in the first three months of the year, up by 10% compared to last year. "Average sales price increase of 26% y-o-y was driven by a low base effect of the 1Q18, coupled with ongoing efforts. Read more...

Samson revives production of sausages following merger into Cherkizovo

  • 10 Apr 09:47

Samson revives production of sausages following merger into Cherkizovo Following its merger into Cherkizovo Group, Samson is reviving the production of sausages under the same-name brand, the company informed. The sausage production revival became possible after Cherkizovo Group acquired a 75% stake in Samson ? Food Products in December 2018. According to Cherkizovo's CEO Sergey Mikhailov, the acquisition was very well-aligned with the Group's development strategy as it was set to expand its branded portfolio of higher value-added products. With Samson historically being a very strong brand, the company's management had been considering to reintroduce the sausage from the very start. The brand's assortment will feature. Read more...

Cherkizovo in talks to buy rival Prioskolie

  • 8 Apr 10:48

Cherkizovo in talks to buy rival Prioskolie Cherkizovo, which declined to comment on the talks, has been trying to buy assets in Russia’s central region of Belgorod for some time. Russian poultry producer Cherkizovo Group is in talks to buy major local rival Prioskolie, two industry sources and an official in Belgorod, one of the country’s leading agricultural regions, told Reuters. A deal would cement Cherkizovo’s position as the largest producer of poultry meat in Russia. “The process (of talks) has been going on for a long time,” the official, who asked not to be identified, said. The sources did not disclose a value for the deal if it goes ahead. Cherkizovo, which declined. Read more...

Cherkizovo reports increased pork sales in February

  • 14 Mar 11:01

Cherkizovo reports increased pork sales in February Cherkizovo Group, Russia’s largest vertically-integrated meat supplier, has reported a 28% increase in pork volume sales in February, compared to the same period last year. Pork sales were also up 18% on a month-on-month basis, compared to January 2019. Chicken sales at the business were up 6% in February year-on-year (down 9% month-on-month). Turkey sales were down 10% on a year-on-year basis, however marginally rose (+2%) compared to the previous month. The company has seen significant fluctuations in price over the past year: turkey prices are some 50% higher than the same period the previous year, while chicken prices rose by 30% and pork. Read more...

Cherkizovo receives gold medal for its pork chop at Prodexpo 2019

  • 27 Feb 11:08

Cherkizovo receives gold medal for its pork chop at Prodexpo 2019 Cherkizovo Group has won the gold medal at Prodexpo 2019 for its Chalagach bone-in pork chop for improved consumer product in the Convenient Food Innovation category. Cherkizovo's products was awarded during 'Taste Experience – 2018', a contest held by the Russian Chamber of Commerce and Industry in cooperation with the Federal Agency for Tourism and the Russian State University of Tourism and Services Studies. The group said its pork product individually skin packed to allow for up to 14 days of shelf life and to ensure best quality and freshness. Prodexpo International Exhibition for Food, Beverages, and Food Raw Materials is the largest. Read more...

Cherkizovo Group Announces Financial Results for the fourth quarter and full year 2018

  • 15 Feb 09:21

Cherkizovo Group Announces Financial Results for the fourth quarter and full year 2018 PJSC Cherkizovo Group (MOEX: GCHE), the largest vertically integrated meat producer in Russia, today announces its audited consolidated IFRS results for the fourth quarter and full year ending December 31, 2018 Fourth quarter financial highlights Revenue increased by 31.0% year-on-year (y-o-y) to RUB 31.9 billion. Net change in fair value of biological assets amounted to negative RUB 2.0 billion, compared to RUB 0.9 billion in 4Q17. Revaluation of harvested crops in stock changed to negative RUB 0.4 billion from negative RUB 1.3 billion in 4Q17. Gross profit of RUB 7.7 billion up by 33.5% compared to 4Q17. Adjusted EBITDA* up by 179.0% y-o-y to RUB. Read more...

Cherkizovo Group - one of largest pork producers in Russia

  • 13 Feb 09:26

Cherkizovo Group - one of largest pork producers in Russia According to the rating of the National Union of Pig Producers for 2018, which included the largest producers of pork in the Russian Federation, Cherkizovo Group still ranks second. Thanks to the launch of new pig farms in the Lipetsk, Voronezh and Penza regions, the group increased its production from 212 thousand tons to 250 thousand tons, and its market share from 5.5% to 6.1%. In general, the production of pork in all farms last year reached 3.7 million tons in slaughter weight, according to the National Union of pig producers. This is almost 200 thousand tons or 5.5% more than in 2017. The growth in agricultural organizations was at the level of 8% - 240. Read more...

Cherkizovo to invest almost $3.7 million in Altaisky Broiler

  • 23 Jan 10:50

Cherkizovo to invest almost $3.7 million in Altaisky Broiler Russian meat giant Cherkizovo Group announced it will invest over 250 million rubles ($3.7 million) to upgrade Altaisky Broiler's production facilities. Last December, the Group announced the acquisition of Altaisky Broiler for RUB 4.6 bn ($69 million). Altaisky Broiler is also among the largest poultry producing companies in the Siberian Federal District, with a yearly output of 67 thousand tons (live weight) of poultry products (58 thousand tons of finished products). Altaisky Broiler has a hatchery, a feed mill, four fattening sites, a slaughterhouse, and a meat packing plant in Biysk. The Siberian company offers around 100 chilled and frozen. Read more...