Contact us

Support


Grupo Fuertes

The Spanish Grupo Fuertes May increase the stake in the Russian Cherkizovo Group with which he develops a project for the production of turkey meat, as reported to Reuters a Company’s representative quoting Rafael Fuertes, the Group’s Head. He noted that Fuertes regards Cherkizovo as a strategic partner and sets its sights on a joint “long journey”. The Spanish company bought just over 5 percent of Cherkizovo’s shares in the open market a few years ago, having already decided to create a joint venture.

30 May 2017
Reuters

The meeting in Pervomaisky District celebrated beginning of the final phase of the project that was launched by Cherkizovo Group in 2012 in partnership with Spain’s Grupo Fuertes, that country’s major producer of turkey meat. Investments in the project will total RUB 7.27 bn and the new facility is scheduled to be launched in December 2015, with its annual capacity projected to reach 40,000 tonnes of turkey meat.

The participants in the meeting inspected construction progress at the incubator unit, where an international team of specialists are installing electrical networks and assembling unique equipment worth a total of more than €40 m.

The construction of the complex is supported by the Administration of the Tambov Region, which undertook to provide the requisite engineering, transport, and energy infrastructure, and earmarked RUB 1.4 bn for these purposes. In 2013, an agreement was signed between Tambov Turkey and Sberbank of Russia on opening an RUB 4.5 bn credit facility. So far, RUB 2.9 bn have been disbursed.

This one-of-a-kind project may rightly be called an innovative initiative.

The company plans to complete the project by the end of 2015. As of today, final construction phases of major facilities are under way in the Pervomaisky District, including a mixed feed plant with an annual capacity of 150,000 tonnes that can store up to 120,000 tonnes of grain.

31 May 2015
Investor
129.0 mln
Tambov region

Investor profile

Grupo Fuertes

Spain

Company's website: www.grupofuertes.com

Public company

Contact: Thomas Fuertes, President and co-owner of Grupo Fuertes

Grupo Fuertes is a major Spanish holding incorporating over 20 companies, most of them operating in agribusiness. They include such well-known producers as Agrifusa (agriculture), Cefusa (cattle breeding), El Pozo Alimentación (meat production and production), Procavi (turkey meat production and processing), Sediasa (food grinding and preparation), and Fripozo (deep freeze products).

The annual revenues of Grupo Fuertes are estimated at approximately €1.1 bn. The holding employees 6,000 personnel.

Subscribe to Newsletters

Email: