Miratorg, the largest investor in the Russian agro-industrial sector, and the Tula region report that they have concluded an investment agreement to create 100 tons of vegetables per year in the region.
The vertically integrated project worth 6,4 billion rubles provides for the use of more than 3 thousand hectares of irrigated land for growing potatoes, cabbage, carrots, onions and garlic, as well as the construction of a plant with facilities for storage, processing and packaging of finished products.
Miratorg implements a strategy to expand the portfolio of affordable high-quality products aimed at the final consumer. Own production of vegetables with quality control from field to counter will give a positive synergistic effect with existing divisions.
The company is already one of the leaders in the segment of frozen vegetable mixes and ready meals, and its own raw material base will not only increase the range of products, but also reduce its cost without loss of quality. “Vertically integrated production of vegetables is a natural stage in the development of Miratorg as a diversified agro-industrial holding.
The project enables the most efficient use of farmland in Central Russia, where the production of grain crops is less cost-effective compared to the Chernozem region. We are grateful to the government of the Tula region for supporting the investment project, thanks to which about 300 new jobs will be created, and budgets of all levels will receive 160 million rubles annually, ”said Victor Linnik, President of Miratorg Agribusiness Holding.
A source: http://tula.fruitinfo.ru