OZK charts new path

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Russia’s United Grain Company (OZK) is planning to expand its port and grain storage capacities, and to establish its own rail operating company. The firm said it intends to increase its revenues from US$700M last year to US$2.6M by 2020. As part of its development strategy it will shortly acquire a new 1 Mtpa terminal in the Black Sea/Sea of Azov region, upgrade its existing grain terminal in Novorossiysk, build new grain elevators and reconstruct railway approach lines.

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