Miratorg Joins Ranks of Strategic Enterprises of Russian Federation
OREANDA-NEWS. ABH "Miratorg", the largest meat market operator in Russia reports that it has become one of the strategic enterprises of the Russian Federation, and plans to expand production of high-quality domestic meat, with the support of the government.
Ministry of Economic Development of Russia provided a list of companies that have a significant influence on the formation of GDP, employment and social stability. Profits of companies included in the list generate more than 70% of the total national income, and the number of employees is more than 20% of all people employed in the economy. With more than 20 thousand people employed in the company, a significant part of them work in the rural areas of the country, ABH "Miratorg" ranks first among Russian pork producers with 12.7% market share and continues increasing production of basic types of meat within the strategy of import substitution.
With the support of Vnesheconombank and the Russian government the Holding started to implement a large-scale project to expand beef production, which would double the number of cattle of special meat breed Aberdeen Angus up to 700 thousand heads and substitute more than 20% of import of this type of meat into Russia.
"The inclusion of "Miratorg "in the list of strategic enterprises not only shows the importance of the company to ensure food security of the country, but also gives a clear signal of the government's support for our efforts to accelerate the development of domestic meat production. It's essential for us to work with the government on expanding our capacity, attracting investments and credit resources in order to launch new projects, as well as support of our products for the foreign markets", the President of ABH" Miratorg" Viktor Linnik said.
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