PAVA reports February 2009 results
In February of 2009 PAVA forwarded development of new business projects and maintained export sales

BARNAUL, RUSSIA, March 28, 2009 /24-7PressRelease/ -- Major Russian grain processor PAVA stated that in February of the current year the company successfully advanced its new business strategy. Key to this strategy is creation of a vertically integrated agribusiness which will generate synergies from control over the entire field-to-fork chain. Despite the uncertain condition of land market in Russia, the progress with land registration continued on the planned schedule, as well as the talks with potential investors on financing new projects.
In order to outline the future checkpoints and maintain awareness of the situation on the global financial and agriculture markets, senior decision-makers of PAVA visited two important industry events which took place in London. The 2nd annual conference Investing in Soft Commodities and Agriculture along with the 3d annual forum on Alternative Investment have provided the recent updates on viability of investing in agriculture funds.
Grainvest, the second large-scale project of PAVA was forwarded by launching industrial output of wheat germ oil. The product was offered for sale in pharmacy networks and attracted mass consumer attention; in particular, PAVA received multiple queries from the Moscow region. Support of PAVA's grain fractionation project increased on the government level, recognizing its importance for national agriculture. Grainvest was presented to the Ministry of Regional Development as a potential candidate for allocations from the state investment fund.
Exporting activities experienced further growth. The company notes that the protein-rich flour Zhitnitsa was an excellent addition to the product range, allowing the grain processor to keep in line with market tendencies and build new partnerships.
The Altay Territory Administration awarded Tatiana Nujnova, General Director of PAVA-Export a letter of gratitude for managing participation in the competition "Best Russian Exporter 2007" organized by the national Ministry of Economic Development and Trade, where PAVA became the winner in the flour milling sector. To recap, in 2007 the company shipped 17% of the national flour exports.
PAVA successfully performed its obligations to the company's bondholders having made the 9th coupon payment of RUR12,447,550.78. Collaboration with financial institutions brought positive results: Sberbank granted PAVA a loan to the amount of RUR150 mln., which will be allocated for purchasing grain to be processed on the company's flour mills.

Press Release Contact Information:

Yulia Chebotareva
PAVA OJSC
PR manager
Pushkina 38
Barnaul, Altay Region
Russia 656049
Voice: +7 3852 630155
Website: Visit Our Website