Cherkizovo Group, Russia’s largest meat and food producer, plans to substantially increase the production of poultry and pork in the Voronezh region by investing nearly RUB4 billion (US$107 million) in business development. Igor Babaev, chairman of the board of directors of Cherkizovo Group, made this announcement during a working meeting with Governor of Voronezh region Alexei Gordeev.

"By investing 4 billion rubles, we will substantially increase production levels,” Babaev said. “This prospect means further development, more jobs and higher wages, and will help ensure the country’s food security.”

Cherkizovo Group, Russia's largest meat and fodder manufacturer, has been present in the Voronezh region for eight years. During this time, the company has invested nearly RUB10 billion (US$268 million) in the regional economy, including the acquisition of Lisko Broiler earlier in 2014. Activities in the Voronezh region include poultry and commercial pork production, swine nucleus units, grain farming and fodder manufacturing. In 2013 alone, Cherkizovo produced 14,000 metric tons of pork, 95,000 metric tons of poultry and harvested nearly 103,000 metric tons of crops in the region.

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Cherkizovo, Lisko Broiler to experience growth

Lisko Broiler will launch additional slaughtering lines in 2014, which will increase output by 15,000 metric tons in 2015. The company is preparing a construction program for new bird houses, which will provide another 10,000 metric tons of sellable weight in 2016.

Cherkizovo pork production expanding

Cherkizovo plans to build in the Voronezh region 7 feedlots with a total capacity of more than 35,000 metric tons of marketable pork per year in Voronezh Region in order to expand pork production. Implementing the project will enable Cherkizovo Group to triple pork output at regional facilities to more than 50,000 metric tons live weight per year.

Cherkizovo growing in feed sector

Cherkizovo is already building a feed mill with capacity of 375,000 metric tons per year in the Semiluksky District. Commissioning of the new feed mill will cover the increasing feed requirements of the group’s facilities.

Investment in the community

During the meeting with the governor, Babaev also announced that the company would allocate RUB1 million (US$26,764) to Lisko Municipal area as charitable assistance. The money will be directed to the needs of the Lisko home for the elderly and disabled.