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Commercial Fishing

RFC ANNOUNCES H1 2020 OPERATIONAL RESULTS

rfc-announces-h1-2020-operational-results

RFC announces H1 2020 operational results – Russian Fisherу Company (RFC) in the first half of 2020 exceeded the planned catch and production targets.

The catch amounted to 191.6 thousand tons, which exceeded the H1 2019 indicator by 2%. 127 thousand tons of products were produced, which is 4% more than in the same period last year. In particular, the company 10% increase in the output of high-margin products of deep processing – Pollock fillets.

“Despite the difficult economic situation in the world caused by the epidemic of a new coronavirus infection, the Russian Fishery Company ensures a high level of harvesting, production and shipment of products,” commented Viktor Litvinenko, Director General of the RFC.

In the first half of the year, the RFC retained its traditional sales markets – in particular, the markets of China and Korea, as well as the domestic market. In addition, the company expanded its sales geography by supplying Pollock fillets to Singapore and Pollock HG (headless) to Poland.

For 6 months, the company has mastered about 70% of the Pollock fishing quota – the main fishing object of the RFC. The volume of the catch quota for this type of fishing objects in 2020 is 282.4 thousand tons. According to this indicator, the company is one of the world leaders.

About Russian Fishery Company

RFC is one of the largest producers of Pollock globally. The company is among the three leading Russian producers of wild white fish. The main harvested species are Pollock and Pacific Нerring. RFC is engaged in fishing in the far Eastern fisheries basin. The Company’s large fishing vessels are well suited to work in all fishing areas and under all climate conditions. They are equipped with modern fishing and processing equipment from leading international suppliers that enables the vessels to harvest different types of seafood. Strategic goals of the Company involve increasing the output of high value-added products due to fleet modernization, building of new, state-of-the-art super-trawlers and coastal processing plants.

11 supertrawlers are being built for the RFC. Each trawler is designed for an annual catch of more than 60 thousand tons of fish, which is 2.5 times higher than the productivity of vessels that today form the basis of the fishing fleet in the Russian Far East.

Visit http://www.russianfishery.ru/eng/ to learn more.

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