Rosselkhozbank Invests in Pig Project in Kursk15 January 2013
RUSSIA - The Russian Agricultural Bank, Rosselkhozbank, has opened a credit line for more than 8 billion rubles for leading Russian pork producer agri-industrial company Miratorg.
The credit is for a major investment project in the Kursk region costing in total around 11 billion rubles.
With the support of the Bank's credit, the company will build 10 pig farms for 27,500 pigs.
The investment will also include the installation of high-tech equipment and the modernisation of production processes.
The integrated unit is to have a total capacity is about 66,000 tonnes of meat a year.
Thanks to the vertical integration, the total production capacity of pig holding in Belgorod and Kursk regions will allow APH "Miratorg" to meet fully the livestock needs of the meat processing plants in the Belgorod region, with a production capacity of 3 million head per year.
The project also planned to have plant producing meat and bone meal, which is scheduled for completion in 2014.
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