C.P. Group starts building pork complex costing 3.7 bln rubles in Ryazan region
MOSCOW. Aug 24 (Interfax) - Thailand's Charoen Pokphand Group (C.P. Group) is launching the construction of a pork complex costing 3.7 billion rubles in the Ryazan region, the Russian Direct Investment Fund (RDIF) said.
A C. P. Group spokesperson confirmed this.
The group bought land in the Skopino district to build the integrated pork complex, with 6,000 breeding pigs. Its Norwegian subsidiary, RBPI Group, which specializes in pork, will build the complex.
The project will create 160 jobs.
C.P. Group's Russia office said the group would also grow feed grain for the complex on 3,000 hectares of land, possibly rising to 4,000 ha, supplying this to the C.P. Food mill in the nearby Lukhovitsy district in the Moscow region. The new complex should achieve full capacity in Q4 2020 and produce up to 19,000 tonnes of pork per year.
The RDIF and C.P. Group are carrying out this and several other joint agri-food projects, including a $1-billion dairy project in the Ryazan region, a poultry complex in the Leningrad region and a biowaste recycling plant in the Kaliningrad region.
C.P. Group planned to build the dairy complex in partnership with Chinese investors, but they pulled out. C.P. Group decided to proceed with the project and decided to acquire an existing enterprise and develop it. Group representatives looked at a farm in the Rybnoye district and at other locations at the beginning of August.