Damate to expand capacity of turkey production up to 155,000 tons per year
Penza, 4 October 2017. PenzaNews. Within two years Damate Group plans to expand capacity of turkey production up to 155,000 tons in carcass weight: the increase in production volume by 1.5 times has been caused by growing demand for the meat.
As it was reported by the press service of Damate Group, the financial investment would amount to about 15.5 billion roubles – these were the company's money and sponsorship of Rosselkhozbank, which had been a partner of the largest turkey producer in the country for many years.
The bank had already approved a credit limit for construction of new facilities. Thus, during the time of the project implementation, the total investment in Damate would equal to 41 billion roubles.
Rosselkhozbank's application for a preferential credit at the rate of 5% per annum had been approved by the Ministry of Agriculture of Russia.
The expansion project provides for construction of additional breeding and feeding grounds, re-equipment of the poultry processing plant and installation of new product lines, expansion of the existing elevator up to 100,000 tons of simultaneous storage and increase of the feed plant capacity.
Moreover, it is planned to purchase utility vehicles and additional land.
As a result of the project implementation, Damate Group will create over 2,000 jobs.