United Grain Company

United Grain Company
Company typeJoint-stock company
PredecessorFGUP "Federal Agency for the Regulation of the Food Market" (Russian: ФГУП «Федеральное агентство по регулированию продовольственного рынка»)
Founded2007
Total assets$895 million[1] (2020)
Websiteozk-group.ru

United Grain Company (Russian: Объединенная зерновая компания, or OZK Group) is a Russian grain trading company based in Moscow and established in 2007.[2] The company conducts grain procurement activities in Russia, and manages exports on international markets.[3]

History

The United Grain Company was established on March 21, 2007 as a result of the transformation of the FGUP "Federal Agency for the Regulation of the Food Market" under the Ministry of Agriculture of the Russian Federation, the main function of which was the implementation of state regulation of the grain market.

United Grain Company, or OZK Group, operates a total of 1,585 rail hopper cars, nine grain elevators with a capacity of 720,000 tons and three milling plants with an annual capacity of 490,000 tons. Total export of grain, for 2023/2024 was 3.6 million tons, which generated revenue of 90.7 billion rubles, through two port terminals with a total annual transshipment capacity of 7.8 million tons. Primary transshipment is through the Novorossiysk Grain Plant on the Black Sea, which is scheduled for upgrade to a figure of 1.5 times, currently delivering to over twenty countries worldwide. Location of OZK Group's export facility on the Black Sea, which is a warm water port, allows for operations year-round.[4]

In 2012 Ziyavudin Magomedov's Summa Group bought a 50% minus one share stake in the company.[5] In 2014 the company agreed to trade grain worth $500 million for oil with Iran.[6]

The company announced plans to build a grain terminal in the Port of Zarubino, in the Russian Far East by 2020, though this appears to be delayed and has not occurred as of August 2025.[7] In August 2017 the Russian Government announced plans to privatize the company by 2019, though again this action has not occurred as of August 2025.[8]

The entity is headed by Dmitry Sergeev, General Director of OZK JSC (Joint Stock Company), as of 2021.[9] In 2022, Grain Export Company (part of the OZK Group) offered the best conditions for the supply of 120 thousand tons of Russian wheat to the General Authority for Supply Commodities of Egypt (GASC). The price was set at about $329 per ton with FOB (Freight On Board) at Novorossiysk.[10]

Current owners

The shareholders of United Grain Company JSC are:

References

  1. ^ "Отчетность МСФО за 2020 год" (PDF).
  2. ^ "Объединенная зерновая компания". АО «Объединенная зерновая компания» (in Russian). Retrieved 26 August 2017.
  3. ^ "JSC United Grain Company: Private Company Information". Bloomberg. Retrieved 26 August 2017.
  4. ^ "OZK Group - modern trade & logistics operator of agricultural products". ozk-group.ru. Retrieved 2025-08-30.
  5. ^ "UPDATE 1-Russia's Summa buys into the grain big league". Reuters. 2012. Retrieved 26 August 2017.
  6. ^ "UPDATE 2-Russia may exchange grain worth $500 mln for Iranian oil". Archived from the original on April 4, 2016. Retrieved 26 August 2017.
  7. ^ "United Grain planning grain terminal in Far East". World Grain. Retrieved 26 August 2017.
  8. ^ "Russia continues with privatizations, ends bids for advising on United Grain". Archived from the original on August 18, 2017. Retrieved 26 August 2017.
  9. ^ "OZK Group - modern trade & logistics operator of agricultural products". ozk-group.ru. Retrieved 2025-08-30.
  10. ^ "OZK Group - modern trade & logistics operator of agricultural products". ozk-group.ru. Retrieved 2025-08-30.
  11. ^ VTB sold almost half of the grain business. RBC. (at russian) 30.04.2020
  12. ^ ВТБ стал владельцем почти половины акций Объединенной зерновой компании 13 feb 2019. Until 13 feb 2019 Summa's owned stake of UGC was pledged to VTB bank
allikas: http://en.wikipedia.org/wiki/United_Grain_Company