Cherkizovo Group Sees 2006 Capex At $140 Mln To $147 Mln MOSCOW (Dow Jones)--Russian meat producer OAO Cherkizovo Group (GCHE.RS) Tuesday said it expects capital expenditures to total $140 million to $147 million this year.
About $90 million of this sum will be channeled into the company's greenfield pork facilities in Tambov and Lipetsk, while the rest will be put towards expanding capacity at its meat processing and poultry units, Chief Financial Officer Lyudmila Mikhailova told a conference call.
Cherkizovo is also considering making acquisitions in the latter two segments.
"M&A is a key part of our strategy," said Chief Executive Sergei Mikhailov during the same call. He added, however, that he doesn't envisage any purchases in pork operations as the only facilities available are old and therefore of no interest.
Cherkizovo went public in May, listing its shares in Moscow and London.
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