Russia’s AVG Group to build $1.4 bln pig farm in Thanh Hoa province

The pig farm which will be built on 1,000 hectares of land is expected to produce 5 million hogs a year, according to a posting on the province’s government website.

The project that has 43 pig farms and a processing factory with a capacity of 2 million tons per year is divided into three development phases.

Representatives of AVG Group affirmed that the project implemented in Thanh Hoa province will bring benefits to the locality, creating jobs for local citien and contributing to the province’s economic development.

AVG Capital Partners is a Russian private equity group which is a major investor in agriculture. It is the controlling shareholder of one of Russia’s largest agro-holdings, Razgulay.

AVG is one of Russia’s largest companies in sugar beet cultivation and processing, grain and oilseed cultivation, and rice cultivation.

► Vietnam’s pork shortage spikes Thai agro-industrial and food conglomerate’s incomes

► Vietnam’s meat producer’s 9-month profit surges 2,300% on pork shortage