Let them eat turkey, says Polish producer

by 5m Editor
4 December 2006, at 10:48am

POLAND - Turkey-meat producer Indykpol wants to invest R10 million in a plant in Russia or Ukraine.

Within the next three months WSE-listed Indykpol will decide whether its new production plant will be built in Ukraine or Russia.

"We can't afford to start the investment from scratch in both countries. In Ukraine poultry production facilities already exist and we could start pretty fast, but in Russia we were offered government guarantees and tax breaks," said Piotr Kulikowski, CEO of Indykpol.

He expects the EUR 10 (zł.38) million investment to pay for itself within 18 months. Half of the money will come from the company's own resources and the other half will be financed from bank loans. Indykpol wants to build an abattoir, part of a turkey farm and a feed-mixing facility.

Source: Warsaw Business Journal

5m Editor