PAVA Grain Storage Enterprises Co-Operate With State Intervention Fund

Barnaul, Russia (PressExposure) June 18, 2009 -- Major Russian agricultural firm PAVA is collaborating with the Government Intervention Grain Fund, contributing to the domestic market stabilization. Grain storage facilities of PAVA and its daughter company Russian Agricultural Division have been accredited to keep 280,000 MT of state intervention grain, and 60,000 MT of this volume has already been placed in the company's silos.

PAVA is one of the respected leaders on Russian agricultural market, with combined grain storing capacity over 500,000 MT, and storage of government intervention stocks is an excellent credit to its high status and reliability. There are strict requirements to be considered eligible for storing state intervention grain regarding quality conditions, financial transparency, management expertise, and PAVA enterprises meet them in full.

Recently the group has enhanced and streamlined its business operations to become a leading vertically integrated agroindustrial holding. PAVA seeks to maximize returns from controlling the total production chain from grain growing to processing and distribution.

It should be noted that PAVA unique business model with grain production and deep processing divisions is ranked among the national priority projects. The Government gives it an extensive support programme including tax incentives, special-purpose loans and interest rate compensation.

About PAVA OJSC

PAVA is one of the major grain processors in Russia. The company represents a 3% share of the national flour market. According to 2007 results, it was given the status 'Leading Exporter of the Industry' by Russian Ministry of Economic Development. Recently PAVA has developed a new strategy - creation of a vertically integrated agroindustrial holding. It is based on implementation of 2 projects: RAD (agricultural business operations) and Grainvest (deep grain processing), consolidated under GlobalAgro structure.

Press Release Source: http://PressExposure.com/PR/PAVA_OJSC.html

Press Release Submitted On: June 17, 2009 at 8:46 pm
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