The Russian Fishery Company (RFC) in 2018 will continue to increase the share of FAS (frozen at sea) pollock fillet production.
The Board of Directors preliminarily approved the investment in the project which allows RFC to increase the fillet production already by 60% in 2018.
The additional volumes of FAS pollock fillet are primarily planned to be sold in the Russian market in order to meet the growing demand for high quality fish products in Russia.
As part of the program to increase the output of high value-added products, the RFC has already converted production lines on four trawlers, which has already allowed a significant increase in the production of pollock fillet in 2017. The Company plans to install filleting lines on up to six more vessels, and most of the modernization work will be carried out during the summer of 2018.
"We consistently increase the share of high value-added products output. In 2018, the Company plans to use from 30 to 40% of our pollock catch for fillet production, - said RFC CEO Andrey Teterkin. –- We are targeting to increase the share of high value-added products up to 95% within next 5-6 years, as long as our new build super-trawlers will be commissioned. The Company has plans to build up to 9 state-of-the-art super-trawlers.”
The increase of the pollock FAS fillets production and sales in the Russian market will reduce the volume of supplies to the international markets of the double frozen fillet produced by Chinese on-shore processing companies. Deeper onboard processing will contribute to decreasing pollock h/g production in Season B expected by the Company.
For additional
information
please contact Dmitry Kravchenko
