(1888PressRelease)
September 19, 2009 - Last week, PAVA – the largest grain processor of Siberia and the Far East – marked its 10th anniversary. Over 10 years, the company has won loyalty of Russian bakers and developed successful activities abroad. The company’s achievements are recognized by the awards, received by PAVA from Ministry of Economic Development (“Leading Exporter of the Industry”) and Ministry of Industry and Trade (“The most rapidly developing exporter of the industry”) along with positive customer feedback from 16 countries.
PAVA made some interesting launches in its anniversary year, including exclusive wheat flour “Zhitnitsa” and wheat germ oil along with oatmeal flour and macaroni semolina.
“We were confident about the new production launch because it was based on a thorough market analysis. Excellent business credentials earned by PAVA over the 10-year period, were a great benefit during talks with new partners and presentation of the new products”, comments Andrey Ananin, PAVA Director General.
The company management gives a positive overall estimate to the past 10 years. PAVA has demonstrated commitment to innovation, increased domestic and global presence, and strong financial performance even in uncertain times. The strategic move to establish a vertical agribusiness has led to building up solid land bank and active development of own crop production. PAVA started working on a project for deep wheat processing to add to traditional milling operations.
Galina Balaenkova, PAVA Head of IR and International Business Development Department says, “The future of the company is viewed as transition to vertically integrated production cycle. We are confident that minimizing price volatility risks and obtaining higher margins will further PAVA’s leadership achievements”.
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