Roskar Poultry Farm modernizes production

VTB opened a credit line for Roskar Poultry Farm JSC in the amount of 1.3 billion rubles for a period of up to 7 years. The funds were provided under the concessional lending program of the Russian Ministry of Agriculture and will be used to modernize the company's poultry complex and purchase new equipment.

The investment project at the Roskar poultry farm will be implemented in 2021-2022, with a total investment of RUB 1.6 billion. it will cover the entire technological chain of the enterprise: five poultry houses, an egg sorting and packaging site and a workshop for deep processing of eggs will be modernized. As a result of the project, the volume of egg production in 2023 will be increased by 16% to 1.6 billion eggs, and the processing capacity will be doubled.

“The food independence of the country and the availability of food products for the population depend on the stable development and financial sustainability of agricultural enterprises, so working with the agro-industrial complex is a strategic direction for VTB. We actively participate in the implementation of investment projects of agricultural producers in the regions of RUSSIA, including in the poultry industry. The bank's expertise and state support tools allow us to provide our clients with optimal financial solutions for the development of their business. The bank’s disbursements under the preferential program of the Ministry of Agriculture this year have already amounted to about 100 billion rubles, which has become a significant contribution to supporting the agro-industrial complex,” said Ruslan Eremenko, HEAD of the Regional Corporate Business Department, Senior Vice President of VTB.

“The project for the modernization of the poultry complex for egg production is the next stage in the implementation of the company's development strategy. The main result will be an increase in the production and deep processing of eggs, sales volumes in the North-West region and for EXPORT. Partnership with VTB and participation in the program of the Ministry of Agriculture will help us achieve the required performance indicators within the framework of the investment project,” comments Roman Smirnov, General DIRECTOR of Roskar Poultry Farm JSC.