The new Russian Pollock factory, a joint venture between The Russian Fishery Company (RFC) and the DV Invest, will net an additional 14,500 tonnes of pollock and herring quotas once it is operational. The factory, due to be built in the Nadezhdinskaya priority development territory near Vladivostok, represents an investment of $12-15 million.
The factory will have a 60,000 tonne processing capacity, capable of producing 25,000 tonnes of high-value products, according to RFC, which expects its new factory to be in operation in 2020.
‘The construction of modern on-shore processing facilities will be an important step in the implementation of RFC’s strategy to increase the share of high value-added products in our portfolio,’ said Andrey Teterkin, CEO of Russian Fishery Company.
‘The new factory will ensure the expansion of the Company’s ability to produce high-quality products from wild white fish, including "ready to cook" category, which meets the RFC’s focus on the entire value chain for the end consumers.’
The Federal Agency for Fisheries signed its agreement with RFC for its share of investment quotas linked to the commitment to build the Russian Pollock factory, with the agreement signed by Ivan Osadchy, head of strategic planning and business development at RFC, and the Agency’s deputy head Petr Savchuk.
‘Our joint objective is to make the industry modern and technologically advanced. We expect that the result of these positive changes will be visible, first of all, to our Russian consumers, and products under the Made in Russia banner will be the best in the world,’ Petr Savchuk said.
