Financial

Speculation rife over poultry deal

Speculation rife over Russian poultry deal

By Vladislav Vorotnikov

The Russian Government is considering the merging one of the biggest turkey producers Eurodon and major broiler meat producer Belaya Ptitsa.

Romanian meat business secures funds to increase capacity

Romanian meat business secures funds to increase capacity

By Jaroslaw Adamowski

Romania’s meat business CIA Aboliv SRL has secured a RON3.8 million (€800,000) grant from the Romanian Ministry of Public Finance to support the company’s planned investments in raising the production capacity at its facilities.

Russian Government allocates billions to support meat exporters

Russian Government allocates billions to support meat exporters

By Aidan Fortune

Russia is ready to allocate RUB406 billion (US$6.5bn) to agriculture producers in the form of soft loans in the next five years to support meat exports, Russian deputy agriculture minister Sergey Levin has said. Speaking during a press conference in Moscow,...

Polish meat business expands sales amid higher exports

Gobarto expands sales amid higher exports

By Jaroslaw Adamowski

Polish meat company Gobarto SA has released its improved sales figures for 2018, and has revealed plans to carry out a number of investments to increase its capacity by 2024.

Beyond Meat launches IPO

Beyond Meat launches IPO

By Aidan Fortune

Plant-based meat provider Beyond Meat has announced the launch of its initial public offering (IPO).

Central Valley Meat acquires Harris Ranch Beef

Central Valley Meat acquires Harris Ranch Beef

By Aidan Fortune

California beef processor Central Valley Meat Holding Company is to acquire integrated beef business Harris Ranch Beef Holding Company, including its wholly owned subsidiaries, Harris Feeding Company and Harris Ranch Beef Company for an undisclosed sum....

MHP discloses new plans on international expansion

MHP discloses new plans on international expansion

By Vladislav Vorotnikov

Ukraine poultry giant MHP intends to continue acquiring foreign poultry producers and processors, not only in the European Union (EU), but also in the Middle East and Africa, the company has said in a statement posted on the Warsaw Stock Exchange website....

Finnish processor cuts staff

HKScan restructures management team

By Aidan Fortune

Finnish processor HKScan has cut staff and restructured its management team as part of its strategy to boost efficiencies following a period of disappointing results.