Magnit formed a production development strategy
» Magnit formed a production development…
Retailer initiated the production of vegetables and potato. Moreover, the company expressed the interest in gardening.
“The strategy for the development of own production before 2020 is approved. We have 3 main sites to implement the projects: Krasnodar, Tver, and Toliatti”, said Khachatur Pombukhchan, Magnit Financial Director.
“In 2018 the company will launch the construction of greenhouse complexes in the Krasnodar territory, which will be used for the cultivation of tomatoes and other crops. Besides, we consider the possibility to get involved in gardening”, added Mr. Pombukhchan.
Previously, the retailer purchased the assets “Rostov-na-Dony” and now, the company can produce potatoes, carrots, cabbages, onions.
The company focuses on the development of own industrial park “Krasnodar”. It will be commissioned in 2020. The industrial park will include a mushroom complex, integrated factory for compost production, etc. Project investment is estimated at 40bn RUB.
Magnit is one of the leaders of Russian retail. In October 2015 the company announced the plans on the construction of an industrial park in the Krasnodar territory (Magnit headquarter is located in Krasnodar). The retailer also owns a large greenhouse complex.
ЕЩЕ ПО ТЕМЕ:
Russian greenhouses are not afraid of Turkish tomatoes Turkish tomatoes going to Russia from 1 November
National producers are ready to compete with tomato distributors from Turkey. According to experts and market participants, the main advantages of domestic vegetables are its natural origin and eating qualities. Besides, tomatoes coming from North Caucasian regions can compete on price. Investors, taking advantage of import, launched the construction of new greenhouses. They do not…
Supplementary lighting is required to ensure recoupment
Significant fund was invested in the production of tomatoes for the last three years. Turkish tomatoes will affect the profitability of new facilities, says Alexey Konovalov, head of Teplitsy Kubani Association. “We have big market players who invested heavily in the construction of greenhouse complexes. Growth rate is 150-200 ha annually. “Sanctions facilitated the construction…
37 previously selected AIC projects will obtain additional fund
In 2018, 37 previously selected AIC projects will obtain additional financing, informs the Ministry of Agriculture with the reference to the director of economics and AIC state support department Natalia Chernetsova. The support scheme issues were discussed on 21 December at the meeting of the committee for AIC lending issues. Jambulat Khatuov, Deputy Minister of…