11 Apr '11
Taganrog firm KMK intends to invest $53.5m building a complex to produce and process duck meat in Rostov region, Kommersant reports.
The project is reportedly to be fully financed with bank loans, including a loan, taken out with British bank HSBC Holdings PLC.
Under plans, the complex is to be located on three land sites – for 18, 15 and 16 hectares – in the village of Kamenny in the region’s Zernogradsky district.
Under the project, the company is to build a duck-breeding farm, slaughter house, initial processing complex, semi-products plant, waste processing facility, refrigerator storage facility and duck feed plant.
The complex construction is scheduled to be completed by the end of this year.