OREANDA-NEWS. January 23, 2014. Cherkizovo Group’s founding family increased its ownership in the Company by 1.7 p.p., from 62% to 63.7%.

“Our decision illustrates our confidence in Cherkizovo’s future, - said Sergei Mikhailov, Cherkizovo CEO and shareholder. After a very challenging 2013 we see a very strong growth potential, that is not yet, in our view, fully reflected in our share price”.

About Cherkizovo Group
Cherkizovo Group (LSE:CHE) is the largest meat manufacturer in Russia and one of the top three companies serving Russia’s poultry, pork, and meat processing markets. The company is also Russia’s largest producer of fodder.

The Group includes 7 full-cycle poultry production facilities, with a total capacity of 425,000 tonnes live weight p.a.; 14 modern pork production facilities with a total capacity of 180,000 tonnes live weight p.a.; 6 meat processing plants with a total capacity of 160,000 tonnes p.a.; 6 fodder plants with a total capacity of 1.4 million tonnes p.a.; grain storage facilities with a total storage capacity exceeding 500,000 tonnes; and a land bank exceeding 100,000 hectares. In 2012, Cherkizovo produced more than half a million tonnes of meat and processed meat products.

Due to its vertically integrated structure, which includes agricultural land, grain storage facilities, feed production, livestock breeding, growing, and slaughtering as well as meat processing and integrated distribution, Cherkizovo has consistently delivered sustainable revenue and profit growth. In 2012, Cherkizovo’s US GAAP consolidated revenue exceeded USD 1.5 billon, and net profit amounted to USD 225.2 million.

Within the last five years alone, Cherkizovo has invested more than USD 1 billion into the development of Russia’s agriculture sector. In addition to existing production facilities, the Group is also investing in a 20 billion rouble hi-technology agro-industrial production complex in Elets, Lipetsk region.

Cherkizovo's strategy includes both organic growth and investment in new projects, driving the consolidation of the Russian meat market. Cherkizovo shares are quoted on the London Stock Exchange (LSE) and RTS/MICEX.