Support The Moscow Times!

Cherkizovo Has New Venture

Cherkizovo said Saturday that it set up a joint venture with Spain's Grupo Fuertes to produce turkey meat in the Tambov region south of Moscow.

The companies will invest a total of 4.5 billion rubles ($150 million) in the project and aim to produce 25,000 to 30,000 tons of meat a year, potentially rising to 50,000 tons.

Production will start in 2014, Cherkizovo said, adding that the facility is planned to reach target capacity in 2015. Cherkizovo also produces poultry and pork.

(Reuters)

… 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.

Once
Monthly
Annual
Continue
paiment methods
Not ready to support today?
Remind me later.

Read more