Russia buisness development

11.08.2021

One of the largest exporters of agricultural products in Russia and the largest oilseed crusher in Europe, undergone the process of re-domicilation and commenced a new plant

One of the largest exporters of agricultural products in Russia and the largest oilseed crusher in Europe, undergone the process of re-domicilation and commenced a new plant
In 2021 Sodrugestvo Group S.A., one of the largest exporters of agricultural products in Russia and the largest oilseed crusher in Europe, undergone the process of re-domicilation, changing its registration address from Cyprus to the Kaliningrad Special Administrative Region (international offshore zone on the territory of Kaliningrad SEZ). In February 2021 the company launched a new plant in the city of Svetloye which produces soy protein concentrate. The enterprise processes about 500 tons of soybean meal daily. The total volume of concentrate production per year is about 125 thousand tons. Volume of investments amounted to $71 million. The main sales market is Norway, where the product is used as a component of feed for aquaculture. The increase in exports of agricultural products from this project is estimated at more than 130 million dollars annually.