PUBLIC JOINT STOCK COMPANY "CHERKIZOVO GROUP

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Public Joint Stock "Cherkizovo : Cherkizovo Group shares results of testing of Innagro biological agents

12/02/2021 | 02:21am EDT

Moscow, Russia - December 1 - Cherkizovo Group, Russia's largest meat producer, has unveiled the results of testing of biological products for agricultural applications. The testing was conducted as part of the Innagro project initiated by Innopraktika institution. The findings show a 10 % increase in soybean yield.

In June 2021, Cherkizovo Group joined a project to test biological products for agricultural applications. As part of the Innagro project, Cherkizovo and Innopraktika experts studied the properties of biological plant protection products and probiotic food additives for animals and poultry developed in Russian and CIS laboratories. The findings were presented in late November 2021.

The biological plant protection products were tried at Cherkizovo Group's fields in the Lipetsk and Orel regions. Crop farming researchers overseeing Innopraktika testing designed several schemes using biological protection agents, including fungicides and insecticides. The control group of plants were grown without conventional pesticides.

"To help with the Innagro project, Cherkizovo Group provided nearly 50 hectares of its soybean and rapeseed fields for testing in this farming season. Soybean tests were a success, with yields going up 10 % following the application of biological crop protection schemes and pesticide burden on the environment reduced. The work to analyse the test findings for rapeseed is in progress," commented Maxim Zudin, CEO of Poultry Management Company and Head of Feed and Grain segments at Cherkizovo Group.

Cherkizovo's poultry farm in the Bryansk Region served as a platform to study the impact of the innovative probiotic additives on broilers' health and weight gain. The product proved to be effective for 700,000 birds. The test group that received the biological additive gained weight faster throughout the rearing period.

Cherkizovo Group's involvement in the Innagro project is governed by a cooperation agreement and a roadmap approved by the parties at this year's St. Petersburg International Economic Forum.

"Biological methods in intensive farming will be part of the future as they help make food products healthier while taking care of soil fertility and biodiversity. We now see an increasing interest in the Innagro project from large holdings. Cherkizovo Group is a good example of the business that adopts sustainable agricultural practices as part of its forward-looking approach," said Vladimir Avdeenko, Head of Agro- and Biotechnology Development at Innopraktika.

2005-2021 CHERKIZOVO GROUP

Disclaimer

Cherkizovo Group OAO published this content on 01 December 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 December 2021 07:20:04 UTC.


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Financials (USD)
Sales 2021 158 B 2 790 M 2 790 M
Net income 2021 16 898 M 298 M 298 M
Net Debt 2021 76 216 M 1 346 M 1 346 M
P/E ratio 2021 7,15x
Yield 2021 7,32%
Capitalization 122 B 2 061 M 2 155 M
EV / Sales 2020 1,13x
EV / Sales 2021 1,25x
Nbr of Employees 23 496
Free-Float 4,87%
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Sergey Igorevich Mikhailov CEO, General Director & Director
Ludmila Ilyinichna Mikhailova Chief Financial Officer
Evgeny Igorevich Mikhailov Chairman & Head-Business Development
Vladislav Mikhailovich Belyaev Head-Information Technology
R Firsanov Technical Director
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