Saint-Petersburg-based processor investing into modernisation

November 29, 2007 16:15

Saint-Petersburg-based fish processor Temp Pervyi has invested RUB40 million (ca.1.6 million USD) into the refurbishment of its factory, according to Delovoi Petersburg.

According to the company's CFO Dmitry Budnichenko, two years ago Temp Pervyi purchased a fish processing factory in Volkhov District of Leningrad Oblast surrounding Saint Petersburg.

Now the factory produces seafood items to the total value of RUB7 million per month. The range includes smoked fish and vacuum-packed fish under the label of Severnaya Venetsia (Northern Venice). Besides, the factory is equipped with a line for production of marinated fish preserves.

Now the factory's product range is sold only via the company's own chain of Nakhodka, but in the future Temp Pervyi plans to boost its output and start supplying products to other retail chains of Saint Petersburg. Nakhodka chain works under the same scheme with Leda coldstore combine (ice-cream producer) also owned by Temp Pervyi.

Actually, the scheme of selling own products in own chains has been widely practiced by a number of Russian producers such as Cherkizovsky Holding meat packer which has taken it as a means to diversify its production.

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