December 18, 2019 — The combined turnover of Russia’ top 10 seafood companies is RUB 238 billion ($3.80bn), according to a ranking of the top owners and firms in the sector from Forbes.
Forbes last ranked the top companies in the sector in 2017, but focused on volume then. However, for the 2019 edition, turnover is the metric used, with Norebo Holding coming out on top, with almost $1bn in turnover. Forbes also estimates 2 million metric tons of quota has been allocated to the top 10 companies in 2019.
According to Forbes, Vitaly Orlov and his Norebo are the largest player in the sector, with turnover of RUB 58.2bn ($929.45m). Norebo, which is the subject of a bitter legal dispute in the UK’s High Court of Justice, spent about $600m to buy competitors in the North-West and Far East in 2011-2013, according to Forbes.