You searched for "cherkizovo group" (10 results found)

Russia to increase the range of meat exports to China

  • 7 Nov 11:14

Russia to increase the range of meat exports to China Russian poultry producers began exporting their products to China in the spring of 2019. However, only chicken legs and wings were sold to Chenese market. Now Russian producers have managed to expandthe assortment and to increase volumes of poultry meat exporting to China. On November 5, China International Import Expo (CIIE), an importer exhibition, opened in China. During the event, the Russian companyCherkizovo was able to agree to expand sales in the Chinese market. New contracts for the export of poultry products will significantly expand the range of products exported to the PRC. says Cherkizovo. In trade deals, new positions are indicated:. Read more...

CHERKIZOVO GROUP PRESENTS AN INTERNATIONAL MENU OF DISHES FROM BY-PRODUCTS

  • 5 Nov 11:11

CHERKIZOVO GROUP PRESENTS AN INTERNATIONAL MENU OF DISHES FROM BY-PRODUCTS Cherkizovo Group is both Russia’s largest meat manufacturer and a major exporter of by-products. Exotic as they may seem to many Russians, dishes from chicken feet, pig’s ears or trotters are a local speciality in China, Mexico and Egypt. Here is our list of the most popular by-products eaten as delicacies in these countries. Today, China is the undisputed leader in importing meat by-products, with 1.2mt of poultry, pork, and beef by-products brought into its territory last year according to customs statistics (excluding stomachs, sets of intestines and a bladder). Mexico and Egypt rank second and third, with 0.5mt and 0.25mt. Read more...

Cherkizovo Group attends investment forum in Saudi Arabia

  • 21 Oct 10:41

Cherkizovo Group attends investment forum in Saudi Arabia Cherkizovo Group (Petelinka and Pava-Pava brands), Russia’s largest meat producer, took part in the Russia-Saudi Investment Forum. The Company presented its own stand and confirmed intentions to export poultry products developed for Arabic countries. This week, Riyadh hosted the first Saudi-Russian CEO Forum, timed to coincide with the visit of Russian President Vladimir Putin to the Kingdom of Saudi Arabia.Organised by the Russian Direct Investment Fund and Saudi Center for International Strategic Partnerships, the forum was attended by ca.300 Russian and Saudi companies and ministers from both countries. Russia was represented by Alexander Novak, Minister of. Read more...

CHERKIZOVO GROUP ANNOUNCES OPERATING RESULTS FOR SEPTEMBER AND THE THIRD QUARTER OF 2019

  • 11 Oct 09:44

CHERKIZOVO GROUP ANNOUNCES OPERATING RESULTS FOR SEPTEMBER AND THE THIRD QUARTER OF 2019 Cherkizovo Group (MOEX: GCHE), the largest vertically integrated meat producer in Russia, today announces operating results for September and the third quarter of 2019.[1] Third quarter 2019 highlights: Chicken: Sales volume of 164.5 thousand tonnes increased by 25% y-o-y, driven by volumes growth from the assets acquired in late 2018. Average sales price increase of 12% y-o-y is attributed to limited supply, lower base effect of the previous year, and further shift of the sales mix towards value-added products. Turkey:JV Tambov Turkey sales volume of 11.0 thousand tonnes up 18% y-o-y, on inventory release accumulated in the first half of the year, and stronger. Read more...

CHERKIZOVO GROUP REINVENTS ITS MAIN BRAND

  • 2 Oct 13:03

CHERKIZOVO GROUP REINVENTS ITS MAIN BRAND Cherkizovo Group, Russia’s largest meat producer, has launched a comprehensive revamp of its flagship brand, Cherkizovo. The changes impacting both the product appearance and ingredients are designed to emphasize the Company's focus on customers, make Cherkizovo products stand out on store shelves, and expand the Group's audience outreach. In September, Cherkizovo Group launched a revamp of its main brand representing over 300products in the sausage and chilled meat categories. “Our history dates back to 1974 when the Cherkizovsky Meat Processing Plant was commissioned and started manufacturing sausages under the Cherkizovo brand. Today, as we. Read more...

Cherkizovo Group launched a sixth pig farm in the Penza Region

  • 10 Sep 10:14

Cherkizovo Group launched a sixth pig farm in the Penza Region Cherkizovo Group, Russia's largest meat producer, launched a sixth pig farm in the Penza Region in the presence of Governor Ivan Belozertsev. The Company intends to open ca.40 more sites in the region. On Friday, 6September, Cherkizovo Group inaugurated its sixth pig farm in the Penza Region, a strategic location for its pig production business. The ceremony was attended by Ivan Belozertsev, the Penza Region Governor. The previous local site was launched inJune 2019. Cherkizovo’s pig farms in the Penza Region feature combined wean-to-finish facilities with an annual output of 5,100tonnes of live-weight pork. A facility like this requires over. Read more...

Miratorg loses weight

  • 29 Aug 07:20

Miratorg loses weight Active consolidation in agribusiness affects the balance of power among market players. According to Infoline, Miratorg Agribusiness Holding, the first in terms of revenue in the industry, may give way to Rusagro group in 2019. Цршду Miratorg’s revenue can grow by only 7%, to 119.41 billion rubles, then Rusagro’s turnover after several mergers and acquisitions will increase to 120–125 billion rubles. The three largest agricultural holdings in Russia in terms of turnover in 2019 may change, follows from calculations in the Infoline rating. According to analyst Victor Linnikov, the first is the Miratorg Agro-Industrial Holding with revenue 111.6. Read more...

Largest meat producer in Russia announces its IFRS results for the first half 2019

  • 23 Aug 08:42

Largest meat producer in Russia announces its IFRS results for the first half 2019 PJSC Cherkizovo Group (MOEX: GCHE), the largest vertically integrated meat producer in Russia, today announces its unaudited consolidated IFRS results for the first half 2019. Secondquarter financial highlights · Revenue increased by 25.5% year-on-year (y-o-y) to RUB 29.0 billion. · Gross profit of RUB 7.4 billion declined by 23.8% compared to 2Q18. · Adjusted EBITDA* decreased by 7.3% y-o-y to RUB 4.1 billion. Adjusted EBITDA margin contracted to 14.0% from 19.0% in 2Q18. · Net profit declined to RUB 2.2 billion from RUB 5.8 billion in 2Q18. Adjusted net profit** amounted to RUB 1.3billion, compared to RUB 2.2 billion. Read more...

Cherkizovo Group announces operating results for July 2019.

  • 12 Aug 11:23

Cherkizovo Group announces operating results for July 2019. Cherkizovo Group (MOEX: GCHE), the largest vertically integrated meat producer in Russia, today announces operating results for July 2019. July 2019 July 2018 Change % y-o-y June 2019 Change % m-o-m Chicken Volume sold, thousand. Read more...

Russian meat giant acquired a 75% stake in Samson - Food Products

  • 9 Jan 10:13

Russian meat giant acquired a 75% stake in Samson - Food Products Cherkizovo Group is acquiring 75% of Samson – Food Products, a group of companies offering meat products under brands such as Samson, Grillmania, Fileya and others, for about RUB 350 million (€4.4 million) The company has signed a sale-purchased agreement to acquire 75% of St Petersburg-based Samson – Food Products (SFP). Cherkizovo said in a statement that the acquisition is approved by the Russian Federal Antimonopoly Service (FAS), the cost reaching RUB350 million, with ca. RUB550 million (€7.1 million) in debt to be assumed on top. The final price will be based on SFP’s performance in 2019. This deal is set. Read more...