OJSC "Cherkizovo Group", one of the largest Russian producers of meat and meat products, announced the launch of Acquired in 2010, the plant "Domestic Product" in the Kaliningrad region.
Meat Processing Plant "Domestic Product", located in Pravdinsk Kaliningrad region, was acquired "Cherkizovo" in September 2010, the same year the company‘s management decided to focus the activity of the plant in the production of delicatessen meat products.
As part of the planned modernization of the company has been equipped with modern equipment, the total investment in the first phase of the project amounted to more than 80 million rubles.
Launched production line of smoked sausage has a production capacity of 10 tons per day, or 300 tons per month.
Updated "Domestic Product", the report says, will produce smoked sausages under the brands "Cherkizovskiy" and "Five Star". Assortment line of products includes more than a dozen types of sausages made on the domestic and European technologies.
Starting the second stage of the production of hams and deli is scheduled for late 2011 — early 2012.
The group "Cherkizovo" includes seven meat processing plants, four poultry production complexes and two poultry processing plant, seven pig farms, two feed mills and trading houses with branches in major cities of Russia. The company also acquired a holding "Mosselprom" building three more pig and launched a project to build a large-scale complex for production and processing of poultry meat worth 19.5 billion rubles. The portfolio of brands "Cherkizovo" includes "Petelinka," "Chicken Kingdom," "Cherkizovskiy," "Empire of Taste", "Vasilevsky Broiler", "Five Star", "Penza Myasoptitsekombinat" and "Meat province." GDR Group are traded on the London Stock Exchange (LSE), ordinary shares — on the Moscow Stock Exchange and RTS. Controlling stake in the group owned by its founder Igor Babaev and his family. "Cherkizovo" in 2010 increased its net profit by US GAAP up 16% in ruble terms and by 21% in dollar terms — to 144.4 million dollars, revenues increased by 12% in ruble terms and by 17% in dollar terms, amounting to 1.188 billion dollars.