CP Group will start with buying existing milk producers

Источник: vedomosti.ru
The Thai company Charoen Pokphand Group (CP Group) has changed its plans to enter the Russian dairy market, said the representative of the Russian direct investment Fund (partner of CP Group) and it was confirmed by the Russian representative office of Thailand company.
CP Group will not build a mega farm in Ryazan region, but it does not reject investing in dairy production and reviews the project in Ryazan oblast, said a representative of the company: the company is now interested in acquiring an existing enterprise or to partner with it.

Also, the project may be divided into several medium-sized farms. All this will allow to start production faster than if the company was built from scratch. Previously, the company was going to complete the project in 3-5 years, building the farm in partnership with a Chinese Banner Diary, which is part of the CP Group. Now CP Group will pursue the project independently.

Read full article in Russian on DairyNews.ru
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