Chinese firm to jointly manage Russia's largest dairy complex

Total production capacity of complex will be 400,000 tons of finished products annually.

The Russian Direct Investment Fund (RDIF), the Thailand-based conglomerate Charoen Pokphand Group (C.P. Group), Banner Infant Dairy Products from China (Banner Dairy) and leading Middle Eastern investors and banks, together with the Ryazan Region Government, recently announced the signing of memorandum of understanding (MOU) for the establishment of Russia's largest integrated dairy complex. The $1 billion project will be completed in the Ryazan region.

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