Singapore-based commodity trader Olam International plans to put US$475 million (EUR361.4m) into the Russian Dairy Milk Company (Rusmolco) in a record-breaking investment, according to a statement from the Singapore Stock exchange. Olam plans to initially acquire a 75% stake in Rusmolco for $75 million – the first foreign investment in a raw milk production in Russia. Olam will then add up to US$400 million into growing the business in the Penza region over the next four to five years. This will fund construction of four new dairy farms and boost the company’s dairy herd from 3,600 to 20,000 by 2015. Rusmolco will double the area it cultivates from 52,000 hectares to106,000 hectares over the same period. In phase two, Rusmolco will increase its cultivation area to 130,000 and add a further 30,000 head to its cattle herd.