Sergey Galitsky, founder of the second largest Russian retail network “Magnit”, is planning to invest € 350 million in the agricultural development. He said that this is a key point to develop the network own agricultural production.
“We decided to grow local Kuban vegetables for our stores. Now we have the crop of cucumbers and tomatoes from 40 hectares, and for the next two years we plan to expand the area to 120 hectares”, – Sergey Galitsky said.
It will be one of the biggest agricultural complexes that produce vegetables in Europe.
The fact that “Magnit” would invest 8 billion rubles in the construction of the greenhouse complex to grow tomatoes and cucumbers in Dinsky district of Krasnodar region was reported in 2010. Then the experts believed that it would be difficult for the retail network to find consolidated suppliers of fresh vegetables which could supply all vegetables for the company.
Source: www.fruitnews.ru