Seafood producer Royal Greenland has entered into a joint venture agreement with Russian distributor Agama.
The firm said that through the construction of a new packaging facility just outside of Moscow, the deal will allow it to strengthen its position in the Russian market.
Go deeper with GlobalData
The facility, which will be built in cooperation with Agama, will cook and pack shell-on cold water prawns for the growing Russian market and is expected to commence operations on 1 September.
Agama Group, a large player within the frozen foods market in Russia in both retail and food service, will package products for both companies as well as external operators if capacity allows.
Royal Greenland will supply the raw material and Agama will be in charge of distribution.
“At Royal Greenland, we expect that this joint venture will reinforce our position in the Russian market and create growth and development for our operations in Eastern Europe in general,” the company said.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
