Corridor founding stakeholder, Kemin Industries, has formed a new Kemin subsidiary in Russia where it will operate in the Special Economic Zone of Lipetsk. The facility will be built 438 kilometers southeast of Moscow and will feature space for manufacturing, administration offices, a quality lab security building, warehouses and a lunch room.
This investment is part of Kemin’s five-year expansion plan setting forth strategic investments for its operations in Brazil, Russia, India, China, South Africa and the U.S.
“As aggressive as we are on making these investments, the world’s population growth is equally aggressive,” said Dr. Chris Nelson, CEO of Kemin and Corridor board member. “In our 50+ years of business, the need to provide high quality animal protein nutrition has never been greater. We must keep investing, innovating and growing to provide ingredients that improve the health and well-being of people and animals around the world.”
Construction of the new facility is scheduled to begin in 2016 and is expected to be completed by the spring of 2017. Kemin, which conducts business in 90 countries, already has regional headquarters in Europe, and has been selling feed ingredients in Russia for 20 years. In 2014 the company opened a fully equipped customer service laboratory in Moscow to better serve the feed industry and its growing customer base.
“Russia is one of the largest animal feed markets in Europe producing 25 million tons of feed last year,” said John Springate, Sr. Vice President Technology Acquisition. “Localizing manufacturing will reduce order to delivery time for Kemin customers, ensure local availability of high quality feed ingredients, reduce supply chain risks due to transportation, and increase collaboration between our scientists and those we serve, which will likely result in new products tailored for the Russian market.”