Support The Moscow Times!

Razgulay Plans Investment

Razgulay Group will invest about 1 billion rubles ($31.25 million) in 2012, the company's chief financial officer Yelena Lazarenko said on the sidelines of the Russia's Agro-Holdings conference, Interfax reported Friday.

"Investments will go to repair sugar plants and upgrade agricultural equipment," she said. The company does not plan to expand its land bank, which currently comes to 420,000 hectares.

Razgulay's investments in 2011 came to about 3 billion rubles. Razgulay's consolidated sales revenue for 2011 has still not been released but, according to Lazarenko, the figure will be less than in 2010. The group's sales revenue in 2010 came to 25.9 billion rubles.


Read more

Independent journalism isn’t dead. You can help keep it alive.

As the only remaining independent, English-language news source reporting from Russia, The Moscow Times plays a critical role in connecting Russia to the world.

Editorial decisions are made entirely by journalists in our newsroom, who adhere to the highest ethical standards. We fearlessly cover issues that are often considered off-limits or taboo in Russia, from domestic violence and LGBT issues to the climate crisis and a secretive nuclear blast that exposed unknowing doctors to radiation.

Please consider making a one-time donation — or better still a recurring donation — to The Moscow Times to help us continue producing vital, high-quality journalism about the world's largest country.