Cherkizovo Group Receives Permission
to Export Poultry Products to Iraq

 

Moscow, Russia - 28 August 2017 - PJSC Cherkizovo Group (LSE: CHE; MOEX: GCHE), the largest vertically integrated meat and feed producer in Russia, today announces that its Vasilyevskaya poultry production facility has received permission to export poultry products to Iraq.

 

The Vasilyevskaya poultry farm, which is Cherkizovo Group's largest poultry production facility, was granted the right to export to Iraq. The permit was issued by the Iraqi Ministry of Agriculture in August 2017.

 

A key requirement for the export of poultry meat to Iraq is the observance of halal - a set of rules in the Islamic religious tradition that sets strict guidelines for the slaughter of animals. The slaughter facilities at the Vasilyevskaya poultry farm comply with these rules, according to certification from the Halal International Centre for Standardisation and Certification of the Council of Muftis of Russia. The Group's halal products are produced under the brands "Latifa" and "Dajajti" and are intended both for export as well as for meeting the domestic demand for these products.

 

The Vasilievskaya poultry farm is located in Bessonovsky district of Penza region. The enterprise was founded in 1978, and in 1998 it joined Cherkizovo Group. Today, it is the largest poultry factory in the Group and one of the highest capacity poultry producing facilities in Russia.

 

Obtaining the right to export products to Iraq is a significant step in the development of the Group's export potential. Exports increasingly important for the Group in current market conditions. Iraq is one of the largest markets in the Middle East. The requirements for imported poultry meat are very strict. Cherkizovo Group products today meet the most stringent international requirements for biosafety. The Group has already received permits to export to Egypt, the UAE, Tanzania and the EU.

 

 

For more information please visit http://www.cherkizovo.com or contact

Cherkizovo Group

Dmitry Mironov

Head of Investor Relations

+7 (495) 660 24 40 ext. 15962

d.mironov@cherkizovo.com

 

About Cherkizovo Group

Cherkizovo Group is the largest meat and feed producer in Russia. The Group is a top-3 producer in each of the Russian poultry, pork and processed meat markets and is the largest feed manufacturer in the country.

 

Cherkizovo Group encompasses eight full cycle poultry production facilities, 15 modern pork production facilities, six meat processing plants, eight feed mills and more than 287,000 hectares of agricultural land. The Group also includes Tambov Turkey facility, a joint Russian-Spanish venture. In 2016, Cherkizovo Group produced 903,000 tonnes of meat and meat products.

 

Thanks to its vertically integrated structure, which includes grain growing and storage, feed production, livestock breeding, fattening and slaughtering, and meat processing, alongside a distribution system, the Group has delivered long-term sales growth and profitability. The Group's consolidated revenue was RUB 82.4 billion in 2016.

 

Cherkizovo Group shares and GDRs are traded on the Moscow Exchange (MOEX) and the London Stock Exchange (LSE).