BARNAUL, RUSSIA, October 28, 2009
/24-7PressRelease/ -- In end-October, OJSC PAVA negotiated with one of the largest Japanese corporations, following the company's policy to expand international partnerships. The meeting was held in Barnaul, the Altay Territory, where PAVA headquarter is located. Besides, 13 representatives of the Japanese delegation made a visit to Rebrikha mill (the Altay territory), one of the company's production branches.
The agenda of the meeting included a number of issues: potential trading co-operation, strategic and financial partnerships regarding PAVA's new projects.
Current business strategy of the Altay grain processor is based on implementation of two projects - 'Russian Agricultural Division' (expansion of land bank and farming) and 'Grainvest' (deep wheat processing which involves reconstruction of Rebrikha facilities). RAD was established as a large-scale producer of high value added agricultural crop (wheat, barley, rye, sunflower, buckwheat and peas) for own feedstock security, domestic and overseas supplies.
These talks were attended by A. Nagorny, Head of Investment Development Department at Altay Chief Administration for Economy and Investment. He spoke of the federal and regional support which is granted to the projects, such as tax incentives, subsidizing interest rates on bank loans, infrastructure development in Rebrikha district.
Apart from potential co-operation areas, the Japanese delegation raised the issue of excessive transportation costs of grain and grain processing products in Russia. Today, this is a major negative factor which hinders development of trade relations between the two countries.
The presentation of PAVA's new strategy was a success and very well received by the Japanese partners. Representatives of the grain processor say it marks a positive start for the relationship with mutually beneficial perspectives.
About PAVA OJSC
OJSC PAVA is known as one of the three leading operators on the Russian grain processing market. Its principal activities are manufacturing and distribution of such products as flour of different grades, cereals, confectionery and animal feed.
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