ASTANA (TCA) — Agro-industrial company Inalca Eurasia, part of Italy’s Cremonini Group, will develop a Kazakh meat brand for international markets, Novosti-Kazakhstan news agency reported with reference to the Agriculture Ministry of Kazakhstan.
A relevant memorandum has been signed by Kazakhstan’s Aktep company and Inalca Eurasia.
According to the ministry, Inalca Eurasia will invest more than 100 million euros in Kazakhstan’s meat industry. The money will be used to create a vertically-integrated company for construction in three regions of Kazakhstan of cattle-raising farms for a total of 44 thousand heads. It is also planned to modernize a meat-processing plant in the Aktyubinsk province to increase its production capacity to 20 thousand tons of meat and meat products a year.
Inalca Eurasia is going to develop a brand for Kazakh meat for its further export to Europe and Russia, the ministry said.
The Cremonini Group, through Inalca, is the outright leader in Italy and one of the major European players in the beef sector, holding the leadership in Italy in the production of hamburgers and is the biggest Italian producer of canned meat.
The Agriculture Ministry also said that in November 2015, Kazakhstan’s Eurasia Agroholding and China’s Rifa Holding Group signed a memorandum for a joint investment project to build a meat-processing plant with annual capacity of 17 thousand tons of meat products in the East Kazakhstan province. Products is meant for export to China.
