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The plant opened in Penza plans to recoup 200 million rubles of investment in 3-5 years

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The plant opened in Penza plans to recoup 200 million rubles of investment in 3-5 years

Russia's largest producer of industrial hemp intends to increase production of cold-pressed oils fourfold, up to 5 million bottles, and with peak capacity up to 15 million bottles per year.

After the launch of modern production, the company intends to increase sales to the federal networks and to start trading on foreign markets outside the Eurasian Economic Union, including China and Europe.

As a reminder, the production was launched in the Penza Region, and about 200 million rubles were invested in it in total. This money was spent on the construction of a new industrial complex and the purchase of European (German and Swiss) and domestic equipment.

The company expects that the payback period will be 3 to 5 years.

After the launch of new facilities, Konoplex will produce about 15 mln bottles annually. In addition to linseed and hemp oils, the company presses mustard oil, sunflower oil, sea buckthorn oil and pumpkin seed oil. New products include red oil and sesame oil.

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Author: Ksenia Gustova

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