Sadia leaving Russia

2009-03-25



Sadia, the Brazilian producer of frozen and chilled foods, plans to sell its production plant in Kaliningrad in order to improve its financial situation, wrote Rbc Daily. Miratorg, the Russian partner of Sadia is considered to be the most likely buyer of the asset.
Sadia invested $40.3m in the construction of the plant, which was launched in December 2007. The plant produces over 100 meat products under the brands of Sadia and Myasnaya gildiya. The company had previously planned to increase production capacity to 100,000 tonnes a year. Half of the output was to supply the McDonald's chain in Russia and the CIS countries.
Sadia operates 14 production sites with a total combined yearly output of over 1.5 million tonnes of produce. The company produces poultry, turkey meat, pork and beef, as well as paste, margarine, desserts and bottled water.