Enjoying ad-free content?
Since July 1, 2024, we have disabled all ads to improve your reading experience.
This commitment costs us $10,000 a month. Your support can help us fill the gap.
Support us
Our journalism is banned in Russia. We need your help to keep providing you with the truth.

Cherkizovo's $696M Plant

Cherkizovo Group began construction this week of a new poultry plant estimated to cost 19.5 billion rubles ($696 million).

The plant will start operating in 2013 and reach its full capacity by the end of 2015, Cherkizovo said.

Gazprombank provided a 10-year loan that covers 80 percent of the project's cost. The factory is in the town of Yelets in the Lipetsk region. The facility will produce more than 500,000 tons of poultry a year by live weight. That equates to almost 13 percent of Russian poultry output last year, according to the State Statistics Service. Annual production of poultry meat is planned to exceed 200,000 tons.


… we have a small favor to ask. As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

paiment methods
Not ready to support today?
Remind me later.

Read more