OREANDA-NEWS. September 22, 2009. PAVA announced that according to competition results, company production units recently given the status of branches were accredited for storage of state intervention grain. Harvesting is close to completion, and for the new season the total of almost 200,000 MT of grain will be placed in silos of the Altay company mills. This represents an increase since the last year, when Rebrikha, Mikhailovsky and Achinsk mills stored 120,000 MT.

The company, which controls entire production cycle from crop growing to distribution of processing products, has been a long-term partner of the government in stabilizing domestic grain market. PAVA demonstrates high quality of management and excellent business credentials; its enterprises have well-developed infrastructure and fully meet all strict requirements of the programme, including financial transparency and stability.

This year, Altay grain processor became the only company in the sector that fulfilled all investor obligations. In May and August PAVA successfully completed two bond repurchases of RUR1 bln. loan despite faltering economy.