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Fuertes Group consolidates Russia (08/07/2014)

Entrepreneurship, which affects the internationalization of Strong Group represents an investment of 126 million euros and the creation of 1,000 new direct jobs will be fully operational at the end of 2015

The company is called Tambovskaia Indeika and is at 40% of its level of implementation

Strong Group advances its internationalization, with a commercial presence in over 80 countries, with business bet made in Russia, and will be fully operational in late 2015. Works for the construction of the largest turkey producer in Russia , Tambovskaia Indeika is 40% of its execution.

This ambitious project involving investment of 126 million euros (5.9 billion rubles) and will create at least 1,000 direct jobs is developing in the Russian region of Tambov.

The joint venture between Grupo Fuertes and Cherkizovo Group holding companies leaders in the production of meat in their respective countries, is the creation of an integrated meat complex for the production of turkey meat.

Tambovskaia Indeika use the Know How of its subsidiary Grupo Fuertes, Procavi, a leading producer of turkey meat in Spain with 52% market share, and the fourth largest producer in Europe.

He is building a large complex for the production of turkey meat on land with a total area of ​​9,300 hectares in the provinces of "Pervomaisky" and "Staroyurevskiy" region of Tambov, designed with the latest technology to ensure absolute environmental respect for the environment.

The expected annual production, at first, will amount to 25-30 thousand tons of meat, increasing future capacity of the complex to the 50 thousand tons, which allow Tambovskaia become the market leader in turkey meat in Russia, a rapidly growing sector with great future potential.

Production is scheduled to begin in 2015, reaching full capacity in 2016.

Declarations of Thomas Strong, President of Grupo Fuertes: "Strong Group consolidates its presence in international markets, in the case of Russia Hand agribusiness leader of the country The company that we are building will be efficient, competitive and environmentally friendly. to providing consumers an excellent product. "

Statements of the Director General of Cherkizovo Group, Sergei Mikhailov: "Two years ago it launched a unique project, with the support of the regional administration, and a perfect combination of our extensive experience and our Spanish partners in implementing major investment projects in the Russian Federation. Upon completion of a comprehensive study of the demand for poultry meat in Russia, we are closer to provide the market with high turkey meat quality. "

Statements Oleg Betin, Head of Administration of Tambov Region. "That Cherkizovo Group and Grupo Fuertes, such prestigious organizations have decided to invest in Tambov indicates the high potential of our region the part of the administration are supporting the development of this project at all on what is in our hands. "

Currently in Russia annually more than 100,000 tons of turkey meat consumption, with a growth rate above 20%.

With the increase in industrial production over the 46% share is shrinking every year and currently stands at around 30%.

Turkey consumption in Russia per capita is 0.68 kg per year, well below countries like U.S. consumption

with 7kg, and Canada and some European countries with 4kg.

Nutrition experts say that turkey meat is a healthy food because it has many nutritional properties, pointing to contain a high amount of protein and provide a rich variety of vitamins and minerals.

Consuming 100 grams of turkey ensures the provision of nearly half of the daily recommended amount of protein.

This meat is a source of vitamin B12, is rich in other B vitamins such as B1, B3, B5, B6 and Biotin, and contains valuable micronutrients such as zinc, magnesium, phosphorus, potassium and iron, all of them vital to the proper functioning of our body.

Procavi company is a subsidiary of Grupo Fuertes is contributing its know-how to the newly created Tambovskaia.

Currently, Procavi occupies the lead in Spain in turkey production, and production system is integral because it controls all production stages from egg production to marketing.

Its team between direct and indirect employment of 2,000 people, has a turnover last year of 196 million and an annual output of 84 million kilos, equivalent to more than 10 million turkeys processed.

About Grupo Fuertes

Strong Group is a business group focused on wealth creation and dump in the philosophy of business excellence, we offer our clients the best service in any of the two areas in which it operates: Agrifood, its core business and other dedicated to diversification.

The holding's turnover last year (2013) a total of 1,277 million euros, up 7% over the previous year.

Currently, Fuertes Group manages more than 20 companies and has a workforce of over 5,747 people in companies operating in various sectors, the most important for the holding, its core business, the food, which includes, among Agrifusa (for agriculture), Cefusa (livestock), El Pozo Food vessel flagship company employs 3,677 people and currently is a pioneer in the health segment on meat, Procavi, Spain's leading production turkey meat, Sediasa (fractionation centers and food preparation), Fripozo (frozen foods), Aquadeus (bottler and marketer of natural mineral water), Bodegas Luzon Jumilla with and Food Palancares dedicated to making cheese and dairy products.

Strong Group also owns companies like Profusa, dedicated to the promotion of housing and land management, which operates mainly in the southeastern Spanish.

In other sectors, has Aemedsa Grupo Fuertes, and Vishoteles petrochemical company dedicated to hotel management.

It controls the venture capital Infu Capital to manage the Group's financial holdings in other strategic sectors for the same corporate interests that currently range from leisure, telecommunications, highways, biotechnology, residential sector and R & D + i .

About Cherkizovo Group

Cherkizovo Group is the largest producer of meat and raw materials in Russia and one of the top three companies in the marketing of poultry and pork as well as products made in Russia.

The leading brands of the company include Cherkizovsky, Petelinka, Kurinoe Tsarstvo and Mosselprom.

Its CEO, Sergei Mikhailov and his family control 63% of Cherkizovo Group, and the remaining 37% of the shares listed on the London Stock Exchange (LSE) and the MICEX Moscow (Russia's largest stock exchange).

Its vertically integrated structure that includes agriculture, storage and feed production, breeding and slaughtering and meat processing and distribution you reported sustainable growth.

In 2013 its turnover exceeded 1,600 million.

Produced more than half a million tons of meat and processed meat.

Its strategy is to continue to grow organically and consolidares as leaders in the Russian meat market.

In the last five years has invested over 1,000 million dollars in the development of Russian food industry.

Source: Grupo Fuertes

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