Miratorg and Vkusno-i Tochka will invest an additional 5.7 billion rubles in a joint venture (JV) to process potatoes in the Oryol region, the restaurant chain’s press service reported. According to company estimates, the investments will increase the production of finished products by 20%. The total volume of investments in the project thus increases from 11.8 billion rubles to 17.5 billion rubles.

The French fries project in the Oryol region will receive 5.7 billion rubles of additional investment

Due to additional investments, the joint venture will increase its capacity from the initial 100 to 120 thousand tons per year. On the territory of the Orel Special Economic Zone, a complex for processing potatoes and manufacturing French fries and hash brown fritters is being built.

Now a workshop specializing in the production of potato flakes will be added to it, the press service explained. Thanks to the expansion, the future company will be able to provide 365 jobs instead of the 291 previously planned. They will also increase tax payments to budgets at all levels, from 1.16 to 1.34 billion rubles a year.

An additional workshop, where potato flakes will be manufactured, will in future supply ingredients for the production of chips and snacks, frozen convenience foods and baby food.

To provide the company with raw materials, already in 2023 Miratorg began to create a seed potato fund in the Kaliningrad and Bryansk regions. Investments in this area are estimated at one billion rubles. Production will be interregional and involves investments of about another 8 billion rubles for the purchase of equipment and the construction of production and storage complexes.

Miratorg and Vkusno-i Tochka announced the launch of a joint project for the production of frozen potatoes and potato wedges at the end of last year.

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Natalia Gormaleva

Source: RB

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