Royal Greenland Targets Russian Markets02 June 2010
RUSSIA - Royal Greenland has announced that it will open a new packaging facility outside of Moscow in co-operation with the distributor Agama.
Seeking to strengthen its position in the Russian market, the Royal Greenland facility will cook and pack shell-on cold water prawns and is expected to commence operations on September 1st.
The facility will be built in cooperation with the Agama Group, a large player within the frozen foods market in Russia in both retail and food service and will package products for both companies as well as external operators if capacity allows.
Royal Greenland will supply the raw material and Agama will be in charge of distribution.
A spokesperson for Royal Greenland said: "Due to our great experience within the area, we will be responsible for the procurement and installation of processing equipment and subsequently also for future operations. Agama will contribute with local storage facilities as well as the refurbishment of an existing cool store.
"At Royal Greenland, we expect that this joint venture will reinforce our position in the Russian market and create growth and development for our operations in Eastern Europe in general."
TheFishSite News Desk