Norwegian owned company Russia Baltic Pork Invest ASA (RBPI) has commissioned the second stage of a large pig complex, Pravdinskoye svinoproizvodstvo, in the Kaliningrad region with the total value investments in the project exceeding 3 billion rubles (US$ 100 mln).
This will allow the company to triple the volume of production capacity.
The complex is located in the village of Novobiyskoe of the Pravdinsky area and is owned by the Norwegian company Russia Baltic Pork Invest ASA, which consists of 220 shareholders from Denmark, Finland and Norway .
The first stage of the industrial complex was designed for the production of 60 000 – 70 000 pigs a year, and has been in operation since October 2008. With the launch of the second stage, the level of production will be close to 200 000 pigs annually.
The head of the Kaliningrad region have also noted that "the regional authorities will continue to support the development of the complex so the company could possibly also open the third, and perhaps the fourth stage of the pig complex here. Investors want to expand their production, and we offer them land, subsidies and good conditions, so the investments will stay in the region. The regional budget already supports this complex with 300 million rubles (US$ 10 mln) of direct investments."
Russia Baltic Pork Invest ASA previously announced aggressive plans for expansion on the Russian market. The company aims to invest RUB 7.4 bln (US$ 237 mln) in the construction of four pork farms by 2015, and according to experts almost double the investment amount will go to the construction of another seven farms between 2015-2018.
By Vladislav Vorotnikov
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