Russian Fishery Company announces preliminary results for 2021
By the end of 2021, the Russian Fishery Company will control more than 90% of the pollock catch quota, according to the company statement. The volume of the RFC quota for pollock catches in 2021 amounted to 302.3 thousand tons.
While maintaining high catch volumes, the company is increasing the production of deep-processed pollock products frozen at sea – fillets, mince and surimi. The production growth of these high margin products is more than 50% compared to the previous year. Already produced about 2.3 thousand tons of surimi on the company’s first supertrawler – Vladimir Limanov. RFC continued to develop sales markets – domestic and foreign.
The sales volume of deep processing products in the domestic market in 2021 increased by more than 70% compared to the previous year. In particular, in order to increase the sales of pollock fillets in the Russian market, a long-term contract was signed with the fish processing plant No.1.
The first contracts were also signed for the supply of a new product – surimi – to the domestic market. To develop sales of this product in the foreign market, long-term agreements with Chinese and Japanese partners – COFCO Food Import (China) and Daisui (Japan) were signed in 2021.
In 2021, RFC made progress in replacing raw material exports to China with supplies of high-quality pollock fillets. RFC’s partners sell these company products through China’s national retail chains and the public catering industry. In 2022, RFC plans to secure the supply of at least 5,000 tonnes of pollock fillets to the region.
European Union countries are the primary export destination for RFC pollock fillets and mince. Thus, Pacific Rim Group (the exclusive distributor of RFC’s products on export markets) continues to systematically increase the supply of pollock fillets and mince to the EU: the volume of hash and fillets contracts has been awarded. from 12,000 tonnes in 2020 to nearly 20,000 tonnes in 2021. In 2022, this figure is expected to increase to 25,000 tonnes.
In order to increase the efficiency of RFC product shipments to Europe and the United States, direct deliveries from the port of Vladivostok, as well as deliveries via China and South Korea, have been brought under control.
RFC expands the sales of products not only from Pollock, but also from other fishing objects. In particular, in 2021, Pacific Rim Group increased its sales of RFC herring to the African region by 20% compared to last year. In 2022, the company will continue to increase the volume of deep sea processing and, consequently, its sales in domestic and foreign markets.
A serious breakthrough in this direction will ensure the commissioning in the first half of 2022 of two more super trawlers, whose construction is currently being completed at the Admiralty shipyards in St. Petersburg. About Russian Fishery Company RFC is one of the world’s largest pollock producers. The company is one of the three main Russian producers of wild white fish.
The main species harvested are pollock and Pacific erring. RFC is engaged in fishing in the Far East fishing basin. The company’s large fishing boats are well suited for working in all fishing areas and in all weather conditions. They are equipped with modern fishing and processing equipment from leading international suppliers that allow vessels to harvest different types of seafood.
The strategic objectives of the Company are to increase the production of high added value products through the construction of new state-of-the-art supertrawlers. RFC is building a new fleet of 11 supertrawlers. Each trawler is designed to catch more than 60,000 tonnes of fish annually, 2.5 times the productivity of the vessels that today form the base of the fishing fleet in the Russian Far East. The first of the supertrawlers to be built for the RFC was delivered to the company in 2020.