Russian meat companies are announcing major expansions in
the wake of the government’s ban on imports from Europe, the United States,
Canada and Australia.
The bans are the Russian response to economic sanctions
countries are applying to Russia to pressure her to stop battling for control
over more of Eastern Ukraine.
Typical of the meat-industry response is the announcement
this week by Cherkizovo Group which said it will spend more
than $115 million Cdn to increase poultry and pork production in Russia’s
Voronezh Region.
Cherkizovo is Russia’s largest meat processor.
It says it will also build more slaughter
capacity to increase production by 15,000 tons in 2015.
Plans also include construction of seven
hog-raising complexes with capacity of more than 35,000 tons of marketable pork
per year.
That will enable the company to triple pork
production to more than 50,000 tonnes per year.
