Rusagro
| |
Public limited company | |
Traded as |
LSE: AGRO MCX: AGRO |
Industry | Agriculture |
Founded | 1995 |
Headquarters | Moscow, Russia |
Revenue | $1.26 billion[1] (2016) |
$212 million[1] (2016) | |
$204 million[1] (2016) | |
Total assets | $2.28 billion[1] (2016) |
Total equity | $1.39 billion[1] (2016) |
Website |
www |
Rusagro (Russian: Русагро) is one of Russia's largest agricultural companies,[2] and a major producer of pork, fats and sugar.[3] It was established in 1995 as a sugar producer.[4] Maxim Basov is the company's Chief Executive Officer.[3]
History
In 2001 Rusagro bought Rosprod, a rival sugar trading firm.[5] By 2005 the company co-owned nine sugar beet farms in Belgorod Oblast.[6]
The company originally planned an IPO for 2010, which was delayed due to the volatility of the Russian market.[7] 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.[8]
The company has grown significantly after 2014, benefiting from the weaker ruble,[9] as well as bans on pork imports from the European Union.[10] In 2016 the company filed a bankruptcy claim against Razgulay.[11] Since 2016 the company exports corn to the Asia-Pacific region through its subsidiary in the Russian Far East.[12] In 2017 it announced plans to expand meat production to northeastern China,[13] and to invest $1 billion in dairy production.[14]
References
- 1 2 3 4 5 http://www.rusagrogroup.ru/fileadmin/files/financial_statements/2016_consolidated.pdf.
- ↑ Korablinov, Alexander (29 August 2016). "Rusagro to export pork to Vietnam in 2017". Russia Beyond The Headlines. Retrieved 17 August 2017.
- 1 2 "Russia's Rusagro may drop greenhouse project if subsidies cut". Reuters. 2016. Retrieved 17 August 2017.
- ↑ "5 Russian Food Producers Winning From Economic Crisis and Import Ban". Retrieved 17 August 2017.
- ↑ "Sugar Giant Buys Up Rival Trading Firm". The Moscow Times. Retrieved 17 August 2017.
- ↑ 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.
- ↑ Nikishenkov, Oleg (1 June 2010). "Flotations tank as fear returns". Russia Beyond The Headlines. Retrieved 17 August 2017.
- ↑ "Russian sugar, pork producer Rusagro prices London IPO". Telegraph.co.uk. Retrieved 17 August 2017.
- ↑ "Russia's Rusagro toasts crisis as weak rouble boosts growth". Reuters. 2015. Retrieved 17 August 2017.
- ↑ "Russia's Rusagro group sales soar on EU pork import ban". Reuters. 2014. Retrieved 17 August 2017.
- ↑ "Russia's Rusagro files for bankruptcy of Razgulay". Reuters. 2016. Retrieved 17 August 2017.
- ↑ Karpova, Marina (22 January 2016). "Rusagro exports Primorye corn to Japan". Russia Beyond The Headlines. Retrieved 17 August 2017.
- ↑ "RusAgro pushes into China by building pig farms". GlobalMeatNews.com.
- ↑ "Rusagro could become Russia's largest dairy producer with $1bn investment". bne IntelliNews. Retrieved 17 August 2017.