RFC STARTS CONSTRUCTION OF POLLOCK PROCESSING PLANT

Russian Fishery Company, RFC starts construction of pollock processing plant.

The Russian Fishery Company has completed the preparatory stage for the construction of a ‘Russian Pollock’ fish processing plant on the territory of the Nadezhdinskaya PDA in Primorsky Krai in the far east of Russia.

In memory of the foundation of the new plant, a time capsule was laid. Representatives of the Ministry for the Development of the Russian Far East, the Administration of Primorsky Krai, the Corporation for the Development of the Far East and the RFC management took part in the ceremony of laying the capsule.

“The ‘Russian Pollock’ project has entered the main phase and has begun to take on real shape,” commented Fedor Kirsanov, RFC CEO.

“Soon, modern production will appear at the construction site. Primorsky Krai will receive new jobs, consumers will receive high-quality products made in Russia from Russian raw materials, and the budget will receive additional tax revenues”.

It is planned that the first phase of the fish processing plant with a capacity of more than 100 tons of finished products per day will be put into operation no later than 2021.

RFC plans to increase the capacity of the plant by about 20% after 2021 and expand the product line by producing products in the ‘ ready to cook’ and ‘ready to eat categories’.

The main products of the first stage of the plant will be pollock fillet and mince. After commissioning of the second stage, it is planned to master the production of high value-added products, including ‘the “ready for eat’ category for the Russian market, as well as exports to China and Asian markets.

The ‘Russian Pollock’ project is implemented as part of the state programme to support the construction of fishing vessels and fish processing enterprises with quotas for the harvesting of aquatic biological resources provided for investment purposes. Total investment in construction will amount to 1.5 billion rubles. After commissioning of the Russian Pollock plant, RFC will receive additional quotas for the extraction of 14.5 thousand tons of pollock and herring.