Rusagro


Rusagro is one of Russia's largest agricultural companies, and a major producer of pork, fats and sugar. It was established in 1995 as a sugar producer. Maxim Basov is the company's Chief Executive Officer.

History

In 2001 Rusagro bought Rosprod, a rival sugar trading firm. By 2005 the company co-owned nine sugar beet farms in Belgorod Oblast.
The company originally planned an IPO for 2010, which was delayed due to the volatility of the Russian market. The company was listed on the London Stock Exchange in April 2011. Prior to the IPO, 95% of Rosagro was controlled by company founder Vadim Moshkovich and his family.
The company has grown significantly after 2014, benefiting from the weaker ruble, as well as bans on pork imports from the European Union. In 2016 the company filed a bankruptcy claim against Razgulay. Since 2016 the company exports corn to the Asia-Pacific region through its subsidiary in the Russian Far East. In 2017 it announced plans to expand meat production to northeastern China, and to invest $1 billion in dairy production.