Biggest Russian Quota Holder Karat Plans $250 Mln investment in Barents Sea and Distant Water Fisheries
SEAFOODNEWS.COM by Eugene Gerden - November 29, 2016
Karat, Russia’s leading fish producer, owned by the local fishing tycoon Vitaly Orlov, plans to expand its producing and processing business during the next several years, according to the company.
This will be achieved through the investment of funds in further development. While the planned volume of investments is currently not disclosed, according to some sources close to the company, they could be in the range of US$250-300 million.
This is the type of investment being encouraged by the Russian government as part of its push to allocate quotas to those companies that invest in modernizing the Russian fleet.
Since 2007 Karat has invested US$600 million in its development in the Russian market...
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