Rusagro

Rusagro (Russian: Русагро) is one of Russia's largest agricultural companies,[3] and a major producer of pork, fats and sugar.[4] It was established in 1995 as a sugar producer.[5] Maxim Basov is the company's Chief Executive Officer.[4]

Rusagro
TypePublic limited company
LSE: AGRO
MCX: AGRO
IndustryAgriculture
Founded1995
Headquarters
Moscow
,
Russia
Revenue$1.36 billion[1] (2017)
$212 million[2] (2016)
$204 million[2] (2016)
Total assets$2.28 billion[2] (2016)
Total equity$1.39 billion[2] (2016)
Websitewww.rusagrogroup.ru

History

In 2001 Rusagro bought Rosprod, a rival sugar trading firm.[6] By 2005 the company co-owned nine sugar beet farms in Belgorod Oblast.[7]

The company originally planned an IPO for 2010, which was delayed due to the volatility of the Russian market.[8] The company was listed on the London Stock Exchange in April 2011. Prior to the IPO, 95% of Rosagro was controlled by company founder Vadim Moshkovich and his family.[9]

The company has grown significantly after 2014, benefiting from the weaker ruble,[10] as well as bans on pork imports from the European Union.[11] In 2016 the company filed a bankruptcy claim against Razgulay.[12] Since 2016 the company exports corn to the Asia-Pacific region through its subsidiary in the Russian Far East.[13] In 2017 it announced plans to expand meat production to northeastern China,[14] and to invest $1 billion in dairy production.[15]

References
  1. "Рейтинг крупнейших компаний России по объему реализации продукции". Expert RA. Archived from the original on 28 October 2018. Retrieved 28 October 2018.
  2. http://www.rusagrogroup.ru/fileadmin/files/financial_statements/2016_consolidated.pdf.
  3. Korablinov, Alexander (29 August 2016). "Rusagro to export pork to Vietnam in 2017". Russia Beyond The Headlines. Retrieved 17 August 2017.
  4. "Russia's Rusagro may drop greenhouse project if subsidies cut". Reuters. 2016. Retrieved 17 August 2017.
  5. "5 Russian Food Producers Winning From Economic Crisis and Import Ban". Retrieved 17 August 2017.
  6. "Sugar Giant Buys Up Rival Trading Firm". The Moscow Times. Retrieved 17 August 2017.
  7. Ioffe, Grigoriĭ Viktorovich; Nefedova, Tatʹi͡ana Grigorʹevna; Zaslavsky, Ilya. The End of Peasantry?: The Disintegration of Rural Russia. University of Pittsburgh Pre. p. 32. ISBN 9780822973133.
  8. Nikishenkov, Oleg (1 June 2010). "Flotations tank as fear returns". Russia Beyond The Headlines. Retrieved 17 August 2017.
  9. "Russian sugar, pork producer Rusagro prices London IPO". Telegraph.co.uk. Retrieved 17 August 2017.
  10. "Russia's Rusagro toasts crisis as weak rouble boosts growth". Reuters. 2015. Retrieved 17 August 2017.
  11. "Russia's Rusagro group sales soar on EU pork import ban". Reuters. 2014. Retrieved 17 August 2017.
  12. "Russia's Rusagro files for bankruptcy of Razgulay". Reuters. 2016. Retrieved 17 August 2017.
  13. Karpova, Marina (22 January 2016). "Rusagro exports Primorye corn to Japan". Russia Beyond The Headlines. Retrieved 17 August 2017.
  14. "RusAgro pushes into China by building pig farms". GlobalMeatNews.com.
  15. "Rusagro could become Russia's largest dairy producer with $1bn investment". bne IntelliNews. Retrieved 17 August 2017.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.