NorwayТs firm to invest 7 bln rbl in 2 pig breeding Russian farms - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

NorwayТs firm to invest 7 bln rbl in 2 pig breeding Russian farms

NIZHNY NOVGOROD, Feb 21 (PRIME) -- Norwegian company Russia Baltic Pork Invest plans to invest at least 7.2 billion rubles in construction of two pig breeding facilities in RussiaТs Nizhny Novgorod Region, the regionТs government said in a statement on Wednesday quoting Governor Gleb Nikitin.

The capacity of the facilities will stand at 180,000 pigs each, and the company will invest 3.6 billion rubles in each facility, the government said.

The government of the region signed a cooperation agreement with the Norwegian companyТs subsidiary Pravdinskoye Svino Proizvodtsvo-2, encompassing cooperation until 2023 and an automatic prolongation of the term for each consecutive year if the parties of the agreement do not object.

Previously, the government said that projected capacity of the two facilities completely covers internal demand of the region for pork.

(56.5201 rubles Ц U.S. $1)

End

21.02.2018 14:05
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 78.3613 -0.8136 20 sep
USD 67.0098 -0.7421 20 sep
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1134.10 +0.99 18:50 19 sep
micex 2404.42 +0.08 18:50 19 sep
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 157.39 +0.20 18:49 19 sep
lkoh 4719.00 +0.73 18:49 19 sep
rosn 437.85 -0.58 18:49 19 sep
sber 193.90 +1.17 18:49 19 sep
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 79.1900 -0.2175 14:59 19 sep
USDTD 66.7525 -0.6175 17:44 19 sep