Razgulyay to invest $32m in its Gerkules | Central regions, Farming, agriculture MarchmontNews.com

Central regions | Farming, agriculture

Razgulyay to invest $32m in its Gerkules

24 Aug '09
Agricultural group Razgulyay has announced plans to invest $32m in development of its porridge manufacturing plant Gerkules in Voronezh region over 2010-2014.

The project is reportedly hoped to be financed with a loan from state-run Vnesheconombank.

As a result of the investment, the plantís projected annual capacity is to increase to 68,000 tons of grain porridge.