2013-01-15 17:04

Lithuania's Arvi to build turkey plant in Belarus

Lithuania's Arvi Group is launching the modernization of a utilization plant and the construction of a turkey production and processing complex in Belarus, Lida district, with BPS-Sberbank financing the projects, the business daily Verslo Žinios reports.
Kalakutai
Kalakutai / AFP/„Scanpix“ nuotr.

"It is impossible to expand in Russia or Belarus under the conditions that banks operating in Lithuania offer. The results of our foreign companies are better only because they are being financed by local credit institutions," it quoted Arvi Group President Vidmantas Kučinskas as saying.

The group plans to invest 23.5 million euros in the complex, which is to begin manufacturing in 2015. The complex will produce 5,000 tons of turkey products and 40,000 tons of feed.

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