Megamix Company plans to complete construction on a large feed premix plant in Lipetsk Oblast, Russia, by the end of 2014. Total investment in the project is estimated at RUB1 billion (US$30 million).

The plant’s production capacity has not yet been announced. Megamix says it has contracted for the supply of premixes with the largest producer of meat in Russia, Miratorg Agricultural Holding. The largest piece of equipment for the plant’s operation will be supplied by Dutch firm Ottevanger Milling Engineers.

"We have previously agreed the supply of our products to the agricultural holding Miratorg, Belgorod experimental factory of fish fodder and Mikhailovsky feed mill," said deputy general director of Megamix Igor Vishnevsky.

Miratorg is increasing production of pork and other kinds of meat, and is looking to increase the supply of good-quality feed mill products.