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Annual Report 2018

«Rusagro» started commissioning works at the silo at TOR «Mikhailovsky»

08.10.19

Rusagro Group has started commissioning works at the silo at TOR «Mikhailovsky» in Primorskiy kray. Currently equipment is being tested with grains and oil crops at «Rusagro-Primoriye» company (part of «Rusagro» Meat division in Primoriye).

The silo is an integral part of the compound feed plant, which is under construction in line with Rusagro’s investment project in Primorskiy kray to build production of 75 thousand tonnes of pork in live weight. Storage capacity of the grain complex is 260 thousand tonnes and is expected to be increased up to 320 thousand tonnes. Full entry into service is planned for 2020.

The project is implemented in the framework of the agreement with Far East Development Corporation. According to the terms of the agreement, TOR «Mikhailovsky» resident is supplied with necessary infrastructure objects and gets tax preferences, while the resident implements investment project in accordance with the business plan.