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Kazakhstan: “Ust-Kamenogorsk” poultry farm will displace imported chilled poultry meat

IFC, a member of the World Bank Group, will provide JSC “Ust-Kamenogorsk Poultry Farm” (UKPF) the funding in the amount of USD 2 million, as well as and advisory services which will allow the company to expand and improve standards of production. This in turn will help satisfy the growing domestic demand and reduce dependence on imports.

JSC “Ust-Kamenogorsk Poultry Farm” (UKPF), the only producer of frozen poultry meat in Kazakhstan, intends to expand and improve standards of production.

With the help of IFC and the State Agricultural Leasing Company KazAgroFinance, UKPF will complete investment program worth USD 30 million, which implies an increase in annual production up to 16,000 MT, modernization of production, improving nutrition of birds and biological security. In addition to financing, IFC’s advisory program will help the company improve food security and energy efficiency.

Serik Tolukpaev, the Chairman of the Board of Directors of UKPF, believes that the funding will help the company become more efficient and increase production capacity which will allow to meet growing demand for high quality chilled meat in Kazakhstan and reduce dependence on imports.

Source: meatinfo.ru
Translated by: usapeec.kz

Date: 27 August 2010