GK Rost, one of the largest greenhouse vegetable producers in Russia, has registered a new company called “Amirost” in Rostov-on-Don, which will specialize in producing starch and starch-containing products, animal feed, storing and wholesaling grain. The company plans to diversify its business and expand into grain processing. The new firm will be owned by Sergey Rukin, who holds 78% of the shares, and Dmitry Lashin, who holds 22%. According to experts, grain processing is currently economically advantageous due to a shortage of processing capacities in Russia and the lower cost of raw materials. This article explores GK Rost’s new business direction and its potential impact on the Russian agricultural industry.
The price of wheat, from which starch, flour, and animal feed are made, has fallen by 38.4% compared to last year. The deep processing of grains is attracting investors, including non-professionals. For example, Aeon Corporation, owned by Roman Trotsenko, bought a company with 240,000 hectares of farmland, and announced an investment of 13.7 billion rubles in a deep-grain processing plant. The government is also actively helping projects in deep grain processing by compensating construction costs and providing other support.
The establishment of Amirost by GK Rost represents a new direction for the company, and a diversification of its business. The move into grain processing could help to improve the profitability of the company and strengthen the Russian agricultural industry overall.
