Canadian McCain sold business in Russia to a Tula entrepreneur

Moscow. 22 July. INTERFAX.RU – An entrepreneur from the Tula region Vasily Starodubtsev became the owner of the Russian subsidiary of the Canadian McCain Foods Limited, the press service of the Tula Region Development Corporation reported.

„The owner of the Russian enterprise of the Canadian manufacturer of French fries McCain Foods – McCain Foods Rus LLC, which was supposed to build a potato processing plant in the Tula region, was businessman Vasily Starodubtsev, the grandson of Vasily Starodubtsev, the Tula governor in 1997-2005. products from frozen potatoes will retain the originally planned direction of work,” the statement said.

The corporation clarified that for several months the government of the Tula region had been looking for a new investor after the decision of LLC McCain Foods Rus to suspend the construction of the plant.

In May 2021, McCain Foods Rus LLC began construction of a potato processing plant, becoming the first foreign resident in the Uzlovaya SEZ in the Tula Region. The agreement on the construction of the processing complex was signed in 2020. It was planned to invest 12.7 billion rubles in the project. It was planned to complete the construction of the plant in 2022.

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