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Ukrainian Poultry Avesterra Group Opens New Processing Plant
Avesterra Group has invested around €60 million in the construction of a new processing plant in the Volyn region of Ukraine, with a capacity of 13,500 broilers/hour.
The 30,000-square-meter plant is equipped with modern equipment that meets European standards, and includes 50 technological and auxiliary buildings, as well as treatment facilities with membrane filtration. The plant will process poultry products for three of the company’s brand, it said. Epikur, a hormone-free chicken brand, the more affordable chicken brand Chebaturochka and Hala-certified Delika.
Avesterra hopes to create hundreds of jobs in the new plant and increase its output capacity to address growing demand and access to EU markets, company said.
BRF Buys Stake in Saudi Arabian Poultry Company for USD 84 Million
BRF reported on 31 October that it formalized the purchase of 26% of shares of the Saudi Addoha Poultry Company, one of the largest chicken producers in Saudi Arabia, for USD 84.3 million.
The announcement is on the back of BRF's partnership with Saudi Arabia's Public Investment Fund (PIF) set to invest USD 500 million in poultry production and food processing in the region.
According to media outlet Infomoney, Bradesco’s BBI analysts estimate that the Addoha factory purchased, which operates entirely in the halal...
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