Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber

You are using software which is blocking our advertisements (adblocker).

As we provide the news for free, we are relying on revenues from our banners. So please disable your adblocker and reload the page to continue using this site.
Thanks!

Click here for a guide on disabling your adblocker.

Sign up for our daily Newsletter and stay up to date with all the latest news!

Subscribe I am already a subscriber

Russia: Retailer MAGNIT continues expansion of greenhouse acreage

OJSC Magnit, Russia's largest retailer, announced the expansion of its greenhouse complex. In January this year, the retailer has begun construction on the expansion of its "TK Zelyonaya Liniya" (Green Line) greenhouse complex, which is located in the village of Plastunovskaya in the region of Krasnodar Kray. In 2014, Magnit plans to add an additional 40 hectares (99 acres) of greenhouses, which will be comprised of 2 structures of 20 hectares each. The 1st block will be operational in the Autumn of 2014 with the 2nd block coming on-line in the beginning of 2015. It is expected that the CapEx for the additional 40 hectares will be approximately 3.6 billion Rubles ($104 million USD).

As of the end of 2013, "TK Zelyonaya Liniya" (Green Line) operated 43 hectares, comprised of 40 hectares of greenhouses (8 structures of 5 hectares each) and 3 hectares of seedling hotbeds. The vegetables currently grown in the greenhouses are cucumbers, tomatoes, greens (lettuce, dill, parsley), and cherry tomatoes.


About Magnit:

Magnit is Russia's largest retailer. Founded in 1994, the company is
headquartered in the southern Russian city of Krasnodar. As of December 31,
2013, Magnit operated 22 distribution centres and over 8,000 stores (7,200
convenience, 207 hypermarkets, and 686 cosmetics) in more than 1,868 cities and
towns throughout 7 federal regions of the Russian Federation.

Publication date:

Related Articles → See More