Russia’s AVG invests US$1.4 billion in pork processing complex
VOV.VN - AVG Capital Partners of Russia and the Thanh Hoa People’s Committee recently hosted a teleconference to sign a memorandum of understanding (MoU) on the construction of a pork processing complex in the locality.
The complex will be built at Nghi Son economic zone, with a total investment capital of US$1.4 billion.
The site will consist of a farm that is to raise 5 million pigs a year, a feed production factory that has a capacity of two million tonnes per year, a slaughterhouse, along with a 400ha facility which is designed to process 600,000 tonnes of pork annually.
A representative of AVG Group affirmed that developing the site is anticipated to accelerate local economic growth, generate plenty of jobs, and promote the development of food processing technology in line with international standards.
As a private equity fund from Russia, AVG Capital Partners is a group which operates in the fields of agriculture, animal feed production, meat processing, and sugar production. The company ranks 20th in terms of output and third in terms of business efficiency in the Russian pork processing sector.
