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"CHERKIZOVO PIG" gets the credit for 15.4 billion rubles
Cherkizovo group (MOEX: GCHE), Russia's largest vertically integrated manufacturer of meat products, has announced the conclusion of OOO "CHERKIZOVO PIG" of the Group, big deal.
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JSC "ALFA-BANK" issues a loan of 15.4 billion rubles (20 billion including interest), OOO "CHERKIZOVO PIG" for the construction, reconstruction, modernization of pig farms and the purchase of equipment and breeding production (material), hybrid breeding stock, machinery and specialized transport.

An open credit line, the company plans to use for the construction of two loudspeakers and up to 20 sites rearing-fattening, of which in 2019, these funds will be built two. This year will be built five new venues in the rearing-fattening.

The medium-term strategy of the Group in pig breeding is aimed at providing high performance through the exploitation of the most modern production facilities and implementation of one of the best programs feeding the world. The company aims to make the production of pork products the most cost-effective, which will help to strengthen the competitiveness of the Group. Cherkizovo not going to stop on achieved results and will continue to make every effort in order to improve the performance indicators that will help to reduce the cost, increase production and improve profitability.



Translated by service "Yandex.Translation"
Источники: Agro2b
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