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Total Land Bank in the Far East increased to 45 thousand ha - GK "Rusagro" - EastRussia | Far East






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The total land bank in the Far East increased to 45 thousand hectares - GC "Rusagro"

One of the leading manufacturers of meat products and sugar in Russia - Rusgaro Group of Companies - has increased its land bank in the Far East to 45 thousand hectares

Total land bank in the Far East increased to 45 thousand hectares - GK
According to the company, the other day completed the transaction for the purchase of about 15 thousand hectares in Primorsky Krai.

“As a result, the total land bank in the Far East reached 45 thousand hectares. In Primorye, 23 thousand hectares are sown, ”- stated in a press release.

As reported, Rusagro plans to implement in the Mikhailovsky Territorial Development Association in the Primorsky Territory a large investment project for the production of pork worth 22 billion rubles. It also provides for the cultivation of soybeans and corn and their export to China.

Construction of three pig breeding complexes is scheduled to begin in September of this year. The first stage capacity was 100 thousand tons in live weight. In total, it is planned to build ten pig farms with a capacity of 700 thousand heads per year, Interfax notes.

In August, the company expects to begin construction of the elevator complex in Primorye. Rusagro is the third largest player in the Russian sugar market with a share of 14%, the second pork producer (6%) and is among the five largest producers of mayonnaise and margarine.

Rusagro's revenue in 2015 increased by 23% - to 72,4 billion rubles, EBITDA - by 35%, to 24,4 billion rubles, EBITDA margin - to 34% from 31% a year earlier.
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