Russian meat producer Miratorg plans to launch new business lines, boost exports and triple sales within five years as the weaker rouble makes it more competitive locally and abroad, its co-owner and President Viktor Linnik told Reuters. Russia's biggest producer of pork and beef, Miratorg is among the winners from Russia's restrictions on European and U.S. meat imports imposed in retaliation against Western sanctions over Moscow's role in the Ukraine conflict. "Now that the rouble is worth what it should be, any production in Russia has become much more profitable," Linnik, who founded and owns Miratorg together with his brother, Alexander, told. Read more...
Two major firms in the pork sector have made approaches to buy one of Northern Ireland's biggest meat firms.Dungannon-based Dunbia is one of the largest meat processors in the UK and Ireland, and turns over more than £800m each year.Danish Crown and Cranswick - two of the biggest players in the UK - have reportedly made approaches to buy the pig-processing division of the firm. In December, the Belfast Telegraph revealed that a teaser document had been prepared to be sent out to businesses potentially interested in snapping up the Co Tyrone company. The strategy is usually an early step to establish interest in a business before a formal bidding. Read more...
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