You searched for "meat producer" (9 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 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...

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...

Cherkizovo announces results of meeting

  • 17 Sep 10:38

Cherkizovo announces results of meeting Cherkizovo Group, the largest vertically integrated meat producer in Russia, announces the results of its Board of Directors meeting, which was held mid-September. Photo: Cherkizovo At the meeting, the Board of Directors took into consideration reports of Personnel & Remunerations Committee Chairman and Investment and Strategic Planning Committee Chairman, resolved on termination of participation and participation in other legal entities, and approved an interested party transaction. They formed four new sub-committees in the structure of Investment & Strategic Planning Committee of the Board: Cost Visibility and Data Capabilities. Read more...

Cherkizovo to invest $119 million in its Penza enterprises

  • 20 Aug 12:17

Cherkizovo to invest $119 million in its Penza enterprises One of Russia's largest meat producers Cherkizovo Group has announced it will invest up to 8 billion rubles ($119 million) in its enterprises in the Penza region in the next five years. In the Penza region, Cherkizovo is the largest agricultural investor, Russian agency Prime reports. The Cherkizovo founder Igor Babayev said during a press conference last week that the region is a strategic partner of the group. "When we started working in the Russian agrarian sector, we went seriously to the Penza region, we managed to do a lot, but most importantly, we brought the process of creating pig farms to perfection ... I believe that what is being done now. Read more...

Miratorg plans to invest $77 million in a new feed mill

  • 14 May 12:18

Miratorg plans to invest $77 million in a new feed mill Miratorg, Russia’s biggest feed and meat producer, has announced its plans to invest nearly 4.8 billion rubles (77 million dollars) in building a high-tech fodder plant in the Oryol region by the end of 2019. According to a statement released by the Russian company, the new feed mill will have a production capacity of 800 thousand tons of mixed fodder per year. Miratorg says the Oryol region has great business potential and is key to develop its interregional project for doubling its pig-breeding capacities. In the future, Miratorg plans to have 17 pig farms in this region, a grain company Elevator group, and also asset processing of plant raw material. Read more...