BAKU, Azerbaijan, Dec.13
By Nargiz Sadikhova – Trend:
US Tyson Foods Inc. will invest up to $5 billion in construction of three meat processing plants in Kazakhstan, Kazakhstan’s Minister of Agriculture Saparkhan Omarov said, Trend reports with reference to Kazakh media.
According to Omarov, the company is planning to construct plants stage by stage.
“These are two plants for cattle meat processing and one for poultry meat processing. The construction of the cattle meat processing plant will start in 2020. The planned capacity of the plant will be 2,000 animals a day or 100,000-120,000 tons of meat a year,” the minister said.
According to Omarov, timeframe of the projects’ implementation will be up to 10 years.
“The construction of the first plant should be launched in April-May 2020. Forecast value of investments is $1.2 billion,” the minister said.
Furthermore, he noted, the venture will be of export-oriented nature.
Within the framework of Kazakhstan’s Prime Minister Askar Mamin’s working trip to US, an agreement on the implementation of the modern agro-multiprotein industry program in Kazakhstan was signed with the company.
As reported following the visit, during the first stage of project’s implementation, the document provides for the construction of a modern meat processing complex of capacity of about 2,000 animals per day in Kazakhstan.
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