Russian agricultural holding Miratorg is considering a new project to produce 4m head of pigs per year with a total investment of RUB115 billion (US$1.8bn), according to a recent statement by the company’s vice-president of finance Vadim Kotenko.
Russian agricultural giant and one of the largest meat producers in the country, Miratorg, reported a 38% jump in revenue year-on-year to RUB74.06 billion (US$1.23 billion), which is a record figure for the company, according to its press service.
Russian meat giant Miratorg will put an additional RUB1.4bn (US$47m) of government subsidies towards a project to produce high-quality beef in the country’s Bryansk Oblast region.
Russian pork giant Miratorg has reported a 70% growth in production volumes for the first 3 months of 2012, reaching 57,909 tonnes (t) in live weight from 34,058t in Q1 2011.
