OREANDA-NEWS. August 11, 2008. Open Joint Stock Company Razgulay Group ("Razgulay" or the "Company") announced the completion of dispositions of Company’s 100% interest in CJSC Nurlatsky Elevator and 100% interest in CJSC Nurlatsky Sugar, each located in the Republic of Tatarstan, reported the press-centre of Razgulay Group.

These disposals were undertaken in furtherance of the Company’s strategy to rationalize its business structure to capture administrative and operating efficiencies.

The Company intends to use the proceeds from the disposition of these facilities to finance the development and modernization of other existing production and processing facilities. It is expected to result in an increase in capacity that should offset the disposal of Nurlatsky Sugar’s processing capacity.

CJSC Nurlatsky Elevator: simultaneous storage capacity amount to 113,400 tonnes.
CJSC Nurlatsky Sugar: annual processing capacities include 194,250 tonnes of sugar beet and 90,000 tonnes of cane sugar.