Damate entered the top-50 list of Russia’s largest companies in the agro-industrial complex in 2019
Damate was included in the rating of the top-50 largest companies in the Russian agro-industrial complex in 2019, published in the Expert publication. Damate took the 27th place in the list with annual revenue of 26.3 billion rubles.
Damate Group, the turkey meat production leader in the country, was included in the rating of the 50 largest companies in the Russian agro-industrial complex as a result of 2019, published in the Expert publication. Damate took the 27th place in the list with annual revenue of 26.3 billion rubles.
In 2019, the holding showed steady growth in all business directions in Penza, Rostov and Tyumen regions, the North Caucasus Federal District - in turkey production, dairy farming, and milk processing.
A significant contribution to the revenue growth was made by the commissioning of new facilities for the production and processing turkey meat project. In 2020, the company plans to complete the project, by expanding its capacity up to 155 thousand tons per year. Last year, 131 thousand tons of products were produced, which allowed Damate to occupy 45.5% of the Russian turkey meat market and confirm its leadership in the industry.
At the end of 2019, revenue in the dairy farming segment increased by 32% as well. This is the result of the expansion of the capacity of the largest dairy complex in Siberia Damate up to 6 thousand heads and the growth in the production of raw milk. The gross milk yield in 2019 amounted to 44 thousand tons of raw milk, and after reaching full capacity, it will increase up to 55 thousand tons per year.
The largest producer of dairy products in Penza region, the Penza Dairy Plant, is engaged in milk processing at Damate. In 2019, the company's revenue grew by 15% due to an increase in dairy production volumes up to 51 thousand tons per year.
In addition, according to the results of the previous year, the company exported more than 1400 tons of turkey meat products. The largest volume of products was sent to China - more than 700 tons, over 250 tons were exported to the United Arab Emirates, and more than 400 tons were shipped to Africa.
This year, Damate plans to increase the volume of export sales and send products abroad for a total amount of about 25 million US dollars.
Let’s remind that Damate began to develop its export direction in 2015. Today the company has permits for the supply of turkey meat products to the countries of the European Union, the Eurasian Economic Union and 49 other countries. In April 2020, Damate became the only Russian company to receive permission to export turkey products to Saudi Arabia.
