Singapore based Olam International acquired a 75 percent equity stake in Russian Dairy Company LCC, known as Rusmolco, for US$75 million (€57.509 million) and help the dairy farming company grow its business. Prime Minister Putin advocates the development of ‘full cycle’ farms.
Over the next four to five years, Rusmolco will invest up to US$400 million (€306.7 million) to expand its area under grains cultivation to 106,000 hectares from the current 52,000 hectares. In addition, four new dairy farms will be built, taking the company's total milking cow population from 3,600 heads to 20,000 heads, Olam said in a statement to the Singapore Exchange. Read more ...
Over the next four to five years, Rusmolco will invest up to US$400 million (€306.7 million) to expand its area under grains cultivation to 106,000 hectares from the current 52,000 hectares. In addition, four new dairy farms will be built, taking the company's total milking cow population from 3,600 heads to 20,000 heads, Olam said in a statement to the Singapore Exchange. Read more ...
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