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Rusagro expects to increase the sales of sugar in 2016 in connection with the purchase of assets "Razgulyai" 22nd June 2016
Currently Rusagro exports grain, wheat, corn and soybean oil supplies to China
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Group Rusagro expects significant sales growth of sugar in 2016 in connection with the purchase of the sugar assets of "Razgulyai". In an interview with the Agency TASS in the framework of SPIEF was told by the founder and the largest shareholder of the group of Vadim Moshkovich.

"Due to the fact that we bought an additional three sugar factory (which is about 40-45% of additional capacities), we expect the sugar division this year will show the maximum growth," he said, answering the question, which lines of business can show the greatest growth at the end of 2016.

On the second place in terms of growth, is likely to be agricultural division. "The second volume will probably be the agriculture sector, where we have added already more than 100 hectares of land, and that more than 20%," - said Moshkovich.

He also noted that meat and fat to the division's growth will be natural, "not explosive".

Asked about the export plans of the group, Moshkovich said that this year the group expects to receive certification and to start exporting products of pig-breeding division. Perhaps the beginning of the supply of sugar for export, he added.

"Quite possibly, and sugar for the first time this year will not be imported and exported. In principle, for Russia, low-cost and fairly good logistics, are open almost all markets," - said the founder and shareholder of the group. One of the key groups is the Asian market, said Moshkovich.

Currently Rusagro exports grain, wheat, corn and soybean oil supplies to China.

The group of companies Rusagro, the holding company Ros Agro Plc.) brings together six sugar factories, Yekaterinburg fat plant, Samara oil extraction plant, two agricultural companies, develops svinovodstvo in the Belgorod and Tambov regions.

In 2014, the company announced the release in the far East region with projects pork production and aquaculture. Net profit (RAS) of group "Rusagro" in 2015, according to international financial reporting standards (IFRS) increased compared to the previous year by 17% to 23.69 billion. Revenue for the reporting period amounted to 72.4 billion rubles, which is 23% higher than in 2014.

The main stake in Rusagro (75%) belongs to the family of ex-Senator from the Belgorod region Vadim Moshkovich, 1.8 percent are owned by the group (Treasury shares), another 7% owned by the group's CEO Maxim Basov. The free float on the London stock exchange are 16.2% of the company's shares.



Translated by service "Yandex.Translation"
Источники: Agro2b
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