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Thai & Chinese investors to build $1bn dairy plant in Russia

Thailand’s largest agribusiness Charoen Pokphand Group (CP) and China’s Banner Dairy are to spend $1 billion building a diary in the Russian city of Ryazan. The facility intends to produce 400 thousand tons of milk products annually.

The Russian Direct Investment Fund will reportedly seal the deal with the foreign investors on the sidelines of the Thai-Russian Business Dialogue forum in Saint Petersburg.

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