DAMATE Group is a Russian agricultural holding company holding company, involved in three businesses: turkey production and processing, dairy farming and milk processing.

12 December 2018

DAMATE Group expands the turkey meat production project up to 155 thousand tons a year

DAMATE Group will increase the turkey production capacity up to 155 thousand tons a year by investing an additional 15.5 billion rubles. The total investment of DAMATE in the project for its implementation will be 41 billion rubles.

The largest producer of turkey meat DAMATE Group will increase its production capacity up to 155 thousand tons of turkey in carcass weight within 2 years. The expansion is caused by growing demand for turkey meat among people.

Financial investments in the project amount to about 15.5 billion rubles. This is the company's funds and financing from Rosselkhozbank, which is a long-standing partner of DAMATE Group. The bank has already approved a credit limit for the project. Thus, the total investment of DAMATE during the implementation of the project will be 41 billion rubles.

In order to finance the project, the Ministry of Agriculture of the Russian Federation has already approved the application of Rosselkhozbank for a soft loan at a rate of 5% per annum.

The expansion project provides for the construction of additional turkey breeding and feeding areas, the upgrading of the poultry processing plant and the installation of new lines, the expansion of the existing elevator up to 100,000 tons of one-time storage and the increase in the capacity of the feed mill. In addition, technological transport and additional land plots will be acquired.

As a result of the project, DAMATE Group plans to create additional two thousand jobs in the region.

October 04, 2017