TÖNNIES AND IDAVANG INVESTMENT PLANS COULD SIGNAL FUTURE FOREIGN MEAT INVESTMENT IN RUSSIA, SAY OFFICIALS
June 1st, 2017
Global meat majors including Germany’s Tönnies Denmark’s Danish Idavang are planning to invest in major Russian projects - government officials say the scale of Russia’s 144 million market could be overcoming reluctance by overseas players to develop Russian operations because of its economic recession and sanctions.
A spokesperson for German meat processor Tönnies told Global Meat News about plans to invest up to Russian Roubles RUB5.4 billion (USD95 million) building the first stage of a slaughterhouse complex in the Belgorod region (oblast), southern ...
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