Sweet business: Agrocomplex of Minister Tkachev's family tops the list of largest sugar producers

Sweet business: Agrocomplex of Minister Tkachev's family tops the list of largest sugar producers
Minister of Agriculture of Russia Alexander Tkachev

The Agrocomplex of the family of Minister of Agriculture Alexander Tkachev increased sugar production in 2016 and topped the list of the largest sugar producers in Russia.⁠

The Agrocomplex named after N.I. Tkachev ranked fifth among the largest sugar producers in Russia in 2016  with a share of 4.7%. As Vedomosti writes, the agro-complex has increased the capacity of enterprises and bought new sugar mills. Last year, the Agrocomplex merged Tikhoretsky and Pavlovsky sugar plants. This year the company bought the Korenovsky sugar factory, which will affect the results of 2017 - the company can increase production by at least 20% (up to 325 thousand tons). Thus, Agrocomplex can become the fourth in this rating in the next year.

The top producers of sugar in Russia this year included Prodimex, Dominant, Rusagro and Syukden (the Russian division of the French company Sucden).

It should be noted that at the end of April it became known that Agrocomplex became the fourth largest owner of agricultural land in Russia. His land bank is 640 thousand hectares at the end of 2016. The Agrocomplex rose to two positions due to major acquisitions last year, a review of the audit and consulting company BEFL stated.

The Agrocomplex named after N.I. Tkachev was founded in 1993 by the father of the current Minister of Agriculture Alexander Tkachev. Family members, according to SPARK-Interfax, remained shareholders of the company until March 2002: Alexander Tkachev's brother Alexey had 1%, and their father - 0.67%. Nikolay Tkachev was chairman of the Board of Directors of Agrocomplex JSC until his death in August 2014. The company's ownership structure is not disclosed.

The Agrocomplex grows grain, it is the leader in the production of raw milk, number two in rice production, and also produces pork, beef, chicken eggs, etc. In addition, the company, according to its own data, develops a network of more than 600 stores of the same name in the Kuban, Stavropol and in the Rostov region.

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