The Leto Group (an egg producer under the Leto brand) will build an egg deep processing plant in the Sosnovy village of the Tula Region. The amount of investments will be 3 billion rubles, of which 948 million rubles is provided by Sberbank as a credit line under the guarantee of the SME Corporation for 474 million rubles.

"The company plans to process up to 2 million pieces of chicken eggs per day and produce liquid, dry and frozen yolks, whites and melange (a mixture of yolk and protein). The main consumers of the products will be mayonnaise, sauces, confectionary and macaroni products, muffins, as well as meat processing, fish, chemical and pharmaceutical companies", said the Corporation.

The company expects that the total tax proceeds from the project in 10 years in budgets and funds of all levels will exceed 2.28 billion rubles. After the plant is put into operation, the company expects to increase its revenue from 468 million rubles in 2021 to 5.4 billion rubles in 2028 and to create over 180 new jobs. It is planned that the products will be exported to Europe and Asia.

"Currently, there is no equivalent plant in Russia in terms of process equipment and business processes. The new facility will enable the company to create high-value-added products that successfully substitute imported products and enjoy stable demand both in the Russian domestic market and abroad. The creation of the processing complex will reduce the dependence of poultry farms on seasonal fluctuations in demand for eggs," said Sergey Koryazhkin, CEO of Leto Group.

The Leto group of companies is a vertically integrated holding company for the production of chicken eggs. The holding is actively developing its own production facilities in the Tula and Belgorod regions. Total productive capacity of Leto group reached 820 mln eggs per year, which amounts to 1.9% of the Russian market.Nowadaysthe Holding plans to increase the production capacity to1150 mln pieces, which will enable it to increase its market share to 2.6%.

Made in Russia // Made in Russia

Author: Karina Kamalova