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Agricultural Bank Backs Mordovian Poultry Complex

19 February 2013

RUSSIA - The Russian Agricultural Bank Rosselkhozbank is to make 5.5 billion rubles available to the Jubilee company to invest in broiler farms and and a poultry processing complex.

The financial support of the Bank will enable the company to create new production capacity in the completge processing of raw materials minimising waste.

The company plans to build 168 fattening houses for broiler chickens housig a total of 56 growing flocks and 20 buildings for maintenance and rearing in all the farm will cover 64.2 hectares.

Rosselkhozbank and Jubilee have been working together since 2006, the company has repeatedly received loans to purchase cattle for processing, as well as for working capital.

The project will be built in the Republic of Mordovia creating jobs, increasing tax revenues for the regional budget and providig the ocal population with environmentally friendly quality products.

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